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The Importance of Project Portfolio Management

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The Importance of Project Portfolio Management

  1. 1. THE IMPORTANCE OF PROJECT PORTFOLIO MANAGEMENT
  2. 2. Any executive or decision maker will naturally want to know what kind of return on investment they can expect to achieve on their project portfolio management system investments.
  3. 3. Implementing a PPM tool produces an expected overall return of 255% - Forrester Research
  4. 4. Project managers and the various key stakeholders are often plagued with the challenge of projects not being completed on time, which can then have a number of other subsequent consequences.
  5. 5. Projects completed on time or early are 44% more likely with a PPM tool. - Aberdeen Group
  6. 6. All key stakeholders and particularly those concerned with the financial outcome of projects may feel some peace of mind that poor financial results on projects can be mitigated.
  7. 7. Projects completed on budget are 38% more likely with a PPM tool. Projects hitting expected ROI are 52% more likely with a PPM tool. - Aberdeen Group - Aberdeen Group
  8. 8. The efficiency increases in the use of resources, both human and otherwise can also be significant, which is a key indicator that all management personnel will be concerned with increase in efficiencies. 40% reduction of discretionary spending with a PPM tool. 5% increase in human resource efficiency with a PPM tool. - CIO Magazine - Forrester Research
  9. 9. Thank You For Reading

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