{"id":6256,"date":"2018-02-07T10:38:00","date_gmt":"2018-02-07T16:38:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=6256"},"modified":"2022-04-04T12:51:43","modified_gmt":"2022-04-04T17:51:43","slug":"top-10-major-advantages-project-portfolio-management","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/top-10-major-advantages-project-portfolio-management\/","title":{"rendered":"Top 10 Major Advantages of Project Portfolio Management"},"content":{"rendered":"

For IT leaders, the key advantages of project portfolio management<\/a> are how it allows them to optimize their project portfolios, balance capacity against demand, and link plans and resources to project execution. At Planview, we\u2019re helping a wide-range of companies \u2013 from universities to manufacturers \u2013 achieve great success with their project portfolio management.<\/p>\n

We\u2019ve compiled a Top 10 List to highlight the great benefits and results many of these companies are realizing, thanks to their implementation of our project portfolio management solutions. Here\u2019s our list of how your organization can benefit from implementing project portfolio management:<\/p>\n

    \n
  1. You can simplify the way people work<\/strong>, collect data, collaborate, and make decisions so you end up with a single source of record for the project portfolio, which can be easily accessed, visualized, and shared.<\/li>\n
  2. When you can make better strategic planning decisions<\/strong>, you can forecast incoming demand for capacity.<\/li>\n
  3. A top-down view of information and metrics means you can drive improved and sustained compliance<\/strong> and support key business decisions across the organization.<\/li>\n
  4. With all of your projects in one place, you can begin to compare projects<\/strong> within a business unit and across the division more effectively, becoming much more agile.<\/li>\n
  5. By prioritizing work, portfolio managers can begin to better manage the project portfolio<\/strong>, so resources are deployed more effectively and projects are based on value rather than relationships.<\/li>\n
  6. You can more easily reduce overhead and bottlenecks<\/strong>, creating a culture of collaboration and business growth.<\/li>\n
  7. Project costs and scope become more visible when aligned to projects and services, allowing your organization\u2019s spend to be reduced<\/strong> — even while speeding up project turn times<\/strong>.<\/li>\n
  8. When you optimize your portfolio, you can generate reports that offer fast answers<\/strong> to questions for improved decision making and business outcomes.<\/li>\n
  9. With a governance framework, you can more easily enforce standards<\/strong> and ensure programs are delivering against their commitments and ensure consistency across the enterprise.<\/li>\n
  10. Using objective scorecards with automated status reporting allows you to better understand how decisions will impact your business<\/strong>.<\/li>\n<\/ol>\n

    The advantages of project portfolio management are continous and worth the investment. To learn more about how you can help improve portfolio process and governance in your organization, watch a demo today<\/a>.<\/p>\n

    \"Work<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    For IT leaders, the key advantages of project portfolio management are how it allows them to optimize their project portfolios, balance capacity against demand, and link plans and resources to project execution. At Planview, we\u2019re helping a wide-range of companies \u2013 from universities to manufacturers \u2013 achieve great success with their project portfolio management. We\u2019ve…<\/p>\n","protected":false},"author":31,"featured_media":6260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[35],"tags":[],"class_list":["post-6256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pmo-project-management-organizations"],"acf":[],"yoast_head":"\nTop 10 Advantages of Project Portfolio Management | Planview<\/title>\n<meta name=\"description\" content=\"Learn about the major advantages of project portfolio management by reading this top 10 list that highlights the great results many companies are realizing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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