PD-Trak’s enterprise project portfolio management software functions can be used to plan multiple portfolios at the business unit level and roll up the business unit portfolios to the enterprise level to further plan, review and monitor the overall enterprise portfolio of projects. Or this PPM tool can just be used to plan a portfolio of products or projects at the business unit or department level.
New, proposed projects are entered into the system and can be analyzed in combination with existing, mid-stream projects. A preliminary investigation of the opportunity is conducted resulting in a clearer definition of the project and business case. A high-level approach is used to quickly plan resources for portfolio projects. A business case is easily developed for the portfolio projects. Scorecards and financial metrics are used to prioritize and rank projects (Project Portfolio Reporting) with the objective of maximizing the portfolio value. Product line and technology roadmaps and portfolio charts are used to achieve balance and to align projects with company strategy.
The portfolio can then be tested to determine if a) it can be accomplished with planned resources and b) it achieves the financial objectives in terms of R&D investment, revenue and profit from new products. Based on the resource requirements for the projects in the proposed portfolio, resource planning is performed to check that the proposed portfolio of projects is achievable with the planned resources.