Portfolio management for IT Professional Service Automation

Previously we discussed about how PM software is helpful in the field of IT Professional Services Automation. Let’s understand how Portfolio management is important and drives organisation towards success in IT Professional Service Automation. A major challenge faced by IT project and program managers in the field of IT Professional Service Automation is the effort … Read more

The PMO Challenge – The Politics of Metrics

Every company measures success in different ways. They use baseline-reporting, slippage and earned value, issue reporting, risk analysis and tracking. Project Managers and/or the PMO are accountable to establish the metrics they will track and report the progress of their project. I would like to go out on proverbial limb to say, that most of … Read more

Earned Value Analysis in Project Management

Analysis in Project Management

Project Management Software Earned value analysis is a powerful tool that can be used in project management to monitor and forecast project costs and delivery dates. If you are not utilizing earned value analysis on your project, chances are you already have the data available to begin right away. To do so, you will need … Read more

Solar Agile Project Management (How to make it work efficiently)

Solar Agile Project Management

Solar Agile Project Management Previously we discussed about how you could Enhance Your Productivity with Solar Project Management Software. Let’s go a little bit deeper and understand, how solar PM software could work more efficiently using agile methodology approach. A recent search at Google on Solar Agile Project Management gets 69,70,000 hits. Leading magazines like Software Development, … Read more

Project Performance Reporting: Schedule Performance Index (SPI) and Cost Performance Index (CPI)

project performance reporting

The Cost and Schedule Performance Indexes (CPI and SPI) are powerful metrics a project manager can use to monitor cost and schedule performance. CPI is calculated by dividing Earned Value by Actual Cost. CPI is an indicator of how efficiently project resources are performing relative to the project budget. SPI is calculated by dividing Earned … Read more

Project Risk Management Software

Project risk management software dashboard

Risk Management is difficult – not a natural act for humans to perform! A recent Harvard Business School study cites that people overestimate their ability to influence events that, in fact, are heavily determined by chance. We tend to be overconfident about the accuracy of our forecasts and risk assessments and far too narrow in … Read more

Best Practice considerations for implementing Project Portfolio Management

Project Portfolio Management

The practical implementation of Project Portfolio Management Software will for many organisations present a variety of challenges and issues. Many companies have become unravelled with the complexity of the tools available or in the lack of executive sponsorship. We have compiled a list of several best practice recommendations that we think a business should be … Read more

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