{"id":15397,"date":"2020-05-22T00:00:00","date_gmt":"2020-05-22T05:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/5-reasons-why-your-product-group-should-choose-an-adaptive-ppm-solution\/"},"modified":"2022-04-01T11:04:27","modified_gmt":"2022-04-01T16:04:27","slug":"5-reasons-why-your-product-group-should-choose-an-adaptive-ppm-solution","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/5-reasons-why-your-product-group-should-choose-an-adaptive-ppm-solution\/","title":{"rendered":"5 Reasons Your Product Group Should Choose an Adaptive PPM Solution"},"content":{"rendered":"
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\"5<\/div>\n<\/figure>\n

Successful project management is an art form. It requires a delicate balance of understanding which projects are most beneficial and which resources are available at what times.<\/p>\n

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In many situations, however, projects perform poorly<\/a> due to cost overruns and the misallocation of resources. In other instances, organizations might prioritize the wrong projects\u2014those that prevent them from meeting their business goals, or at least slow them down.<\/p>\n

According to a McKinsey report<\/a>, large IT projects run 45 percent over budget and take 7 percent longer than planned to wrap up. In turn, they deliver 56 percent less value than expected.<\/p>\n

In the best-case scenario, you lose money and time, agitating clients along the way. In the worst-case scenario\u2014like McKinsey says\u2014it might even lead to the end of the business.<\/p>\n

The good news is that\u2014with a project portfolio management<\/a> (PPM) solution in place\u2014you can get a much better handle on your entire portfolio. In turn, you\u2019re able to enjoy a more profitable, high-value portfolio that generates more ROI across the entire project lifecycle.<\/p>\n

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