In uncertain economic times, many executives are being asked to do more with less. Pressure to reduce or maintain budgets is driving sharper scrutiny of discretionary spending, and increases the importance of effectively identifying, selecting, and delivering project portfolios that best align with an organization’s business strategy and that maximize ROI. Best-practice portfolio selection techniques provide a handshake between value optimization—that is, alignment with business priorities and maximizing return on investment (ROI)—and resource utilization, or understanding resource capabilities and availability. Together, they help Project Management Offices (PMOs) recommend not only which projects to undertake, but to forecast when projects can be delivered.
New portfolio selection and analytical capabilities in Microsoft® Project Server 2010 build a bridge between value optimization and resource utilization to help organizations select project portfolios based on alignment with business strategy and resource capability. Project Server 2010 helps organizations do the following:
Objectively define, communicate, and prioritize business strategy.
Score and assess competing requests from multiple dimensions.
Run what-if analysis optimization scenarios under various budgetary constraints.
Compare and contrast portfolios and gain insight through advanced analysis such as Efficient Frontier modeling.
Assess capacity and adjust project schedules to maximize resource utilization across the planning horizon.
Run and model headcount scenarios.
Project Server 2010 incorporates the best-in-class portfolio management techniques of Microsoft® Office Project Portfolio Server 2007, eliminating the need for Project Server Gateway (which was required to push data between Project Portfolio Server 2007 and Microsoft® Project Server 2007), and providing a consistent Microsoft® SharePoint® user interface across the solution. The improved analysis wizard in Project Server 2010 intuitively steps PMOs through embedded portfolio selection methodology, making it even easier to identify and select the right project portfolios. Project Server 2010 supports a rational rather than emotional approach to portfolio selection and provides a structured process for measuring the alignment of spending with strategy by maximizing resource utilization.
EPM Solution Capabilities
The EPM solution is a comprehensive PC and web-based project and portfolio management system. Learn how the EPM solution helps organizations to automate the main PPM capabilities and drive results:
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