Enterprise Portfolio Management: A New Breed of PPM for Asset-Intensive OrganizationsBy Barry Quart
Project Portfolio Management (PPM) tools have been used in project management offices (PMO) for years to manage project requests, select projects to execute, predict resource needs, and manage project execution.
Today, senior managers and executives sitting above the PMO are demanding more of their PPM solutions. They need assurance that the portfolio of projects being selected support the organization’s strategic objectives and will deliver the greatest overall value to the business.
While managing the execution of projects remains firmly with the PMO, selecting the optimal portfolio of projects to execute now needs to involve business leaders and senior management. As a result, a new breed of portfolio management solutions is arising that focuses on:
- Strategic alignment of project portfolios
- Optimization of portfolio value
- Resource planning and management
- Decision making across organizational divisions
Gartner has published some interesting research that talks about the different types of PPM tools that can exist across an organization. They position portfolio management tools for senior managers and executives as “Dynamic Portfolio-Level PPM Tools“—at the Apex of the PPM ecosystem in an organization:
Gartner PPM Product Usage Reference Model
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available by filling out the form to download the whitepaper below.
Organizations that manage critical infrastructure, such as energy & water utilities, face unique challenges when it comes to selecting which projects to execute. Their physical assets continuously degrade with time and unexpected failures can have profound consequences on society and the environment. Decisions about what to invest in, and when, are critical. Businesses must balance risk, performance, and cost, while ensuring the safe and reliable delivery of their services.
Copperleaf C55: Enterprise Portfolio Management
Copperleaf C55 provides dynamic portfolio management specifically suited to the needs of organizations managing large numbers of physical assets. The Copperleaf C55 solution uses the Copperleaf Value Framework as the basis upon which to make portfolio-level decisions. This framework is configured to each organization’s unique strategic objectives, definitions and quantifications of risk, and view of what contributes value.
The Copperleaf Value Framework, together with C55’s optimization algorithm, allow organizations to easily determine the optimal portfolio of projects that will deliver the greatest value, while respecting all constraints. Advanced resource planning and management capabilities ensure that plans make optimal use of the available resources and manage resource requirements into the future.
To learn more, download our white paper featuring exclusive access to the Gartner report.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner, Maximize Value and Avoid Waste by Managing PPM Tool Proliferation in Your Enterprise, Daniel B. Stang, 23 May 2017
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.