PLANTA Project Portfolio Management PPPM

 

Overview

 

 

The aim of project portfolio management to is to select the right projects.

The aim of project management is to control these projects in the right way.

 

PLANTA Project Portfolio Management PPPM enables project portfolios to be created and analysed, and supports all the phases of portfolio management, from the definition of corporate and divisional objectives through the classification of ideas and projects, their assessment and prioritization, to the monitoring of objectives and projects.

 

 

 

Project portfolios can be optimised taking into account their costs, benefits and risks, and the strategic contribution of the projects can be determined with the help of computerised tools. In combination with PLANTA Project Management PPMS, PPPM makes it possible to successfully turn corporate objectives spanning organizational levels into projects. This makes it possible to link the strategic plan with the operational project business activities.

 

With a strategy-oriented project portfolio, you can use PPPM solutions to optimize your return on investment and increase your business advantages.

 

Portfolio Manager role

 

The portfolio manager is responsible for systematic and strategy-oriented portfolio planning. He/she makes available for the management a project overview based on the strategic corporate plan, evaluated in terms of the strategy and costs, to enable projects to be assessed and selected in respect of their likely profitability.

 

Strategic portfolio planning

·         Representation of the corporate and divisional objectives

·         Evaluation and prioritization of project ideas and projects by reference to the corporate objectives

·         Compilation of a project portfolio

 

Main features

 

·         Management of strategic corporate and divisional objectives

·         Evaluation and prioritization of project ideas projects

·         Compilation of a project portfolio

·         Controlling of the project portfolio

 

Definition of objectives

Using PPPM, strategic corporate and divisional objectives can be managed. The objectives can be structured as main and sub-objectives specified by additional information on priority, category, end date, budget and status, and in addition the objectives can be version-numbered and authorized for the analysis. The objective contribution of the projects can be calculated by weighting the objectives.

 

 

 

Risk analysis and project evaluation are supported by the definition of risk checklists. Possible project risks are formulated in terms of questions and weighted.

 

Description and classification of project ideas

PPPM enables project ideas/applications, plans and projects to be administered and processed. If concrete information is available on the project ideas, they are created as plans, and once released, become projects.

 

Project ideas can be described by details of their objective, scope and the possible consequences of non-realization, costs, effort, benefits and key performance indicators. The individual cost and effort budgets can be released separately. By accepting standard schedules or creating individual schedules, the scheduling can be carried out at an early time.

 

 

 

Project analysis

Project ideas and current projects can be analysed in terms of their contribution to the corporate objectives and by reference to risk considerations. For each main objective and sub-objective of each project, the objective contribution is specified, and from this the weighted overall objective contribution determined for the project. A weighted risk value for the project can be determined on the basis of a pre-agreed risk checklist, for which the project manager is responsible.

 

 

 

Project prioritization

PPPM supports portfolio techniques, to permit an overall consideration of its strategic significance, risks and the number of projects. The objective contributions, risk values, profitability, budget and the available resources, are taken into account in prioritizing ideas, plans and projects, to construct and release the project portfolio. The detailed planning for the projects can then be carried out in PPMS.

 

 

 

 

Monitoring the status of a project until its target is achieved

PPPM provides transparency in the project status up to the point when its objectives are achieved. Because objectives are achieved by means of projects, the project status can be used to monitor the extent to which an objective is achieved.

 

 

Your advantages

 

With PPPM, PLANTA offers a solution for strategic corporate planning. Portfolio managers are supported in the optimization of their investment decisions – from standardization of the administration of investment plans through the prioritization of investment decisions down to project controlling activities. Opportunities, risks and the strategic significance of project applications and projects can be identified in good time. PPMS’s cyclic portfolio construction enables an organization to draw up a coordinated and realistic portfolio on a sound and objective-oriented basis.