If you’re a project & program management executive, we suspect you’re extremely busy chasing down status updates, compiling reports, and drumming up management support and organizational adoption. If all of the follow apply to you, there is no need to view this presentation:
-Your project portfolio is completely aligned with corporate strategy.
-You track portfolio level benefits using financial metrics validated by your CFO.
-You routinely measure your contribution to the organization’s key performance indicators.
-Your governance process supports periodic reviews to re-balance the portfolio.
-Your PPM software is well adopted by project managers.
But if this doesn’t reflect your PMO/PPM reality, you may want to view these slides and the accompanying webinar to learn how to create a top-down framework. A Top Down Approach will help you to establish portfolio management objectives, measure progress against those objectives, and respond to the inevitable shifts in budget, priority, and strategy. You may even come away convinced that a business-driven approach to PPM makes sense for your organization.
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Achieve Better PPM Results with a Business-Driven Approach
1. Achieve Better PPM Results with a
Business-Driven Approach
Presenters:
Susan Go, PPM Consultant, PowerSteering Software
Linda Duchin, VP of Marketing, PowerSteering Software
Welcome! Thank you for joining us.
View the full presentation.
Or Contact Us
PowerSteering Software
www.powersteeringsoftware.com
1-866-390-9088
2. Achieve Better PPM Results with a
Business-Driven Approach
Complimentary Webcast
Featuring Susan Go
PPM Consultant
4. The Benefits of Business-Driven PPM
Business-Driven Traditional
Strategic Tactical
Results-Oriented Cost-Oriented
Portfolio-Centric Task-Centric
Time to Value Big Bang
Project Selection Project Execution
Adoption Compliance
Business User IT PMP
5. Industry Analyst Recognition
Strong Positive (highest possible rating)
MarketScope for PPM Applications
Visionary
Magic Quadrant for IT Portfolio Management
Leader, IT & Business-Driven PPM Scenarios
The Forrester Wave: Project Portfolio Management
Leader, SaaS IT PPM
IDC MarketScape: IT Project & Portfolio Management
7. Scenario #1 Recap
Align Portfolio with Company Objectives/Performance Goals
Quantify the Contribution by Business Line/Function
Prioritize Projects based on Revenue Potential
“PPM leaders recognize that the primary value goes beyond delivering
on-time and on budget projects, and rather ensures the expected business
outcomes and realized value.”
Lars Mieritz, Gartner VP Business IT Research Group, March, 2011
9. Scenario #2 Recap
Assess Portfolio Performance Across Multiple Dimensions
Make Data-Driven Decisions
Establish Governance Processes to Accommodate Change
“The PPM function will have to become adept at midcourse corrections of
the program or portfolio as dictated by the business environment.”
Gartner: Key Issues for Program and Portfolio Management, 3/11
10. Why Business-Driven PPM?
Increase the Strategic and Business Value of PPM
Align Portfolio with Company Priorities and Performance goals
Quantify the Contribution by Business Line/Function
Eliminate Failed Implementations
Reduce Financial Risk with “Enterprise SaaS”
Improve User Adoption and Team Productivity
“PPM customers will often look for a top-down, stand-alone system that does a
lot more than just portfolio-style project reporting without disrupting the way a
project manager works on a daily basis.”
Dan Stang, Gartner Research Director; MarketScope for PPM Applications
11. Want more?
Susan Go
sgo@psteering.com
P: 703-707-9888
http://www.powersteeringsoftware.com/blog/
Want to see the full presentation?
Or Contact Us
PowerSteering Software
www.powersteeringsoftware.com
1-866-390-9088
Notas do Editor
Of course companies use PPM to drive strategy & change, but many of the tools out there are too tactically focused…or rigid in the sense of mandating “bottom-up” deployments that can delay value and frustrate users. We advocate a top-down to accelerate value. This chart contracts the different perspectives…A business-driven emphasis focuses PPM on the programs that have a direct impact on results vs. more tactical processes like time tracking.Those higher value capabilities tend to be at the portfolio level, including alignment with corporate goals and demand management. (Susan will show you…) There’s not much point in completing a project 25% sooner, if it’s not important to your organization…. This idea applies to how the software is implemented too. We see more success with an incremental approach that starts at the portfolio level rather than a big bang approach that extends the implementation indefinitely.A business-driven approach encourages user adoption without imposing excessive overhead on users to the point they don’t update their projects.
Fortunate to get consistently positive feedback from all major industry analysts.In you haven’t seen them yet, Gartner just released 2 major reports as part of what they call the PPM Market Universe – their research reflects PPM expansion outside of IT , the proliferation of SaaS or Cloud, and the need to demonstrate business value.MarketScope rated 30 vendors capabilities to support PPM – no longer limited to IT which is exactly how we’re seeing PPM expand into business PowerSteering rec’d highest rating of Strong Positive.Rating based on criteria that drive value and PPM ROI: Market Responsiveness and Track RecordRapid ImplementationTime to ValueEase of UseIn contrast, the Magic Quadrant is focused on IT Portfolio Management (more of a top-down emphasis) and the capabilities that allow CIOs to make better decisions.
Let’s move from the theoretical to an actual business example ... We’re not going to show you a bunch of features. Instead in this first scenario, Susan is going to show how to set up a portfolio that reflects your corporate goals, models your organizational structure so you can see how each line of business is contributing.
In this demonstration, Susan showed us a top-down view of how PPM is applied
I’m sure you’ll find this next scenario very relatable….Susan is going to show you how to accommodate a budget reduction by examining a number of portfolio performance indicators.
In this demonstration, Susan showed a number of ways to handle the inevitable changes…
Easy to UseRole-basedHigh adoptionDoesn’t overload with too many featuresQuick implementationCompanies turn to PPM to drive strategy & change, but many of the PPM tools are too tactically focused…or they mandate “bottom-up” deployments that delay value. PowerSteering offers a top-down approach that accelerates value.
Companies turn to PPM to drive strategy & change, but many of the PPM tools are too tactically focused…or they mandate “bottom-up” deployments that delay value. But PowerSteering offers a top-down approach that accelerates value.