{"id":5744,"date":"2016-04-22T10:40:19","date_gmt":"2016-04-22T15:40:19","guid":{"rendered":"https:\/\/blog.planview.com\/?p=5744"},"modified":"2022-04-01T10:27:39","modified_gmt":"2022-04-01T15:27:39","slug":"top-5-project-portfolio-management-use-cases","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/top-5-project-portfolio-management-use-cases\/","title":{"rendered":"Top 5 Project Portfolio Management Use Cases"},"content":{"rendered":"

Project Portfolio Management<\/a> (PPM) is a useful solution for any project management office (PMO) looking to better manage and execute their projects and keep their organization producing value. Most organizations are able to manage projects in a task management solution or by using complex spreadsheets, but the truth is at a certain point it becomes not only highly productive to move to a PPM solution, but in some cases all but necessary. Here are the top 5 project portfolio management<\/a> use cases.<\/p>\n

    \n
  1. Resource Time Tracking<\/strong>:\u00a0Often time project leaders estimate resource hours by soliciting feedback\u00a0from skilled resources. 62% of organizations cite \u201ccapturing time\/costs\u00a0against projects\u201d as their biggest project management challenge.<\/li>\n
  2. Project Inventory and Tracking<\/strong>:\u00a0Project inventory provides visibility to the entire organization\u2019s\u00a0project workload. Better manage robust project inventory, tracking,\u00a0and reporting.<\/li>\n
  3. Managing Portfolios<\/strong>:\u00a0Organizations can better evaluate the benefits and risks of individual\u00a0projects in the context of the entire portfolio.\u00a0Using a platform to enhance portfolio visibility, identify portfolio health,\u00a0and enable portfolio level reporting leads to increased portfolio success.<\/li>\n
  4. Reporting<\/strong>:\u00a0<\/strong>Visibility into project and portfolio activity is paramount to illustrating the\u00a0value and impact projects have on an organization. 66% of organizations\u00a0communicate with their clients using their project management software.<\/li>\n
  5. Resource Management<\/strong>:\u00a0Resource management is key to the success of every project. The ability\u00a0to identify resource demand and required skillsets, and manage resource\u00a0workloads can provide leadership predictive capabilities to proactively\u00a0manage constraints and ensure balanced capabilities.<\/li>\n<\/ol>\n

    For more details on each use case including symptoms to keep an eye out for and results you can expect out of a PPM solution, take a look at the full infographic.<\/p>\n

    “Top 5 PPM Use Cases<\/a>” – Infographic by Innotas<\/a><\/p>\n

    The information displayed in this infographic is a joint message with our partner, Lewis Fowler<\/a>. The consulting experts at Lewis Fowler are seasoned portfolio management leaders with experience implementing and utilizing project portfolio management<\/a> solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Project Portfolio Management (PPM) is a useful solution for any project management office (PMO) looking to better manage and execute their projects and keep their organization producing value. Most organizations are able to manage projects in a task management solution or by using complex spreadsheets, but the truth is at a certain point it becomes…<\/p>\n","protected":false},"author":74,"featured_media":5745,"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":[467],"class_list":["post-5744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pmo-project-management-organizations","tag-innotas"],"acf":[],"yoast_head":"\nTop 5 Project Portfolio Management Use Cases - Blog | Planview<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/top-5-project-portfolio-management-use-cases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 Project Portfolio Management Use Cases\" \/>\n<meta property=\"og:description\" content=\"Project Portfolio Management (PPM) is a useful solution for any project management office (PMO) looking to better manage and execute their projects and keep their organization producing value. 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