Project and Portfolio Management
By: Collin Quiring
IDC completed a study on Portfolio Management at the behest of CA. The study appears to have been about PPM (Project and Portfolio Management) and not specifically tied to software from CA. That said, they found many interesting facts that I wanted to highlight.
The costs of operations were decreased, resource utilization increased and project redundancy was dramatically reduced or eliminated all together. There are a number of comments that I can make about the benefits of implementing PPM but I think that the study itself shows numerous benefits so I will just highlight those for now.
Some of the interesting findings:
Time to Market in weeks 33% improvement
Number of projects managed 35% increase
Cost per project 37% decrease
IT staff productivity 14% increase
Payback time 7.4 months
This is one more study proving the value of PPM and in tough economic times I would argue that this is even more important than ever!
Source: IDC White Paper, How Project and Portfolio Management Solutions are Delivering Value to Organizations, September 2008