We are living in a global project economy, characterized by work that is visualized, planned, and executed with the discipline of project, program, and portfolio management. However, the Organizations rely on top-notch Project & Portfolio Management Software (a.k.a. PPM Software) solutions to meticulously plan and flawlessly executed such levels of complex initiatives. scale, complexity, and value of portfolios, programs, and projects have increased significantly over the past few years. Organizations rely on top-notch Project & Portfolio Management Software (a.k.a. PPM Software) solutions to meticulously plan and flawlessly executed such levels of complex initiatives. The decision to invest in a Project & Portfolio Management Software must be reviewed from strategic, tactical, as well as long-term perspectives; taking short-cuts or a myopic view is a recipe for disaster!
Considering the plethora of PPM Software that claim to be the elixir for managing projects, programs, and portfolios, let us review how TouchBase Project & Portfolio Management Software is uniquely positioned based on two broad dimensions.
- The Design Strategy.
- Key Capabilities.
TOUCHBASE PPM SOFTWARE DESIGN & CAPABILITIES
Specific to Your Industry Lifecycles
Portfolios, Programs, and Projects are undertaken by all industries, but are unique in their product and services life cycles. Consider the examples of industry-specific life cycles as reflected in the below table. When we observe the diversity of each of the industry, it should make decision-makers ask an important question – “Is the PPM Software designed to the needs of my industry?” Industry life cycle is the foundation of TouchBase PPM Software – the solution gets ‘configured’ to the needs of the ‘your industry’!
Overview: Industry Life Cycles
Specific to Your Organizational Standards &Processes
With the same industry, organizations have unique standards, project management processes, decision workflows, checklists, and templates. Together, these aspects create unique organization culture for managing projects, programs, and portfolios. Considering these parameters, TouchBase PPM Software is built on a technology that allows for easy configuration that mirrors the organizational practices.
Taking this a step further, TouchBase PPM Software supports ‘templatization’ based on the value and complexity of portfolios, programs, and projects pursued. Templates could be created for say, business cases, proposals, work breakdown structure, project plans, idea types, etc.
In contrast, most online project management software vendors have more or less a standard approach. Any requests for modifications come at an expensive ‘customization.’
Business Leaders must realize that the choice of any PPM Software must be coupled with swift employee adoption. In this context, organizations would experience higher probability of success if the chosen PPM Software ‘connects’ very well with existing practices – reducing the need for employee change management.
Comprehensive and End-to-End Solution
Unlike other solutions, TouchBase Project & Portfolio Management Software is built as an end-to-end solution, covering –
- Portfolio Management: New Project Requests, Idea Evaluation, Benchmarking, Business Case Creation & Evaluation, Funding Decisions, Revenue & Profitabiltiy Tracking.
- Program Management: Program Initiation, Program Planning (Benefits Planning), Program Execution (Benefits Tracking), Program Control, and Program Closure (Benefits Realization).
- Project Management
|Pre-Sales||Proposal Builder, Margin Calculation, and Contract Creation|
|Project Planning||Scope, Work Breakdown Structure, Scheduling, Resource Allocation & Utilization, Cost Estimates & Budgets|
Risk Identification & Response Plans, Meetings, and Documentation
|Project Execution & Control||Scope Change Control, Revenue Recognition, Invoicing, Variance Analysis (Schedule, Time Sheets, and Costs)|
Risks and Issues: Review & Action Plan Status, Analytics, Dashboards, and Alerts & Notifications.
|Functional Aspects||Engineering, Bill of Material (BOM), Quality & Defects, Procurement, Financials, Dossiers (Pharma)|
It may be relevant to highlight that most online project management software address scheduling, resource management, and reporting dimensions of project & portfolio management – this may not cut ice with today’s business leaders.
Diverse project management approaches.
Projects are being delivered with diverse approaches to project management lifecycle to reflect the business realities. It is very common to find organizations deploy approaches such as traditional or predictive, agile, or hybrid. Along with the TouchBase Design Principle # 2 that addresses templatization, leaders and teams are now free to choose the life cycle of their choice! In contrast, most online project management software take a one-size-fits-all approach. Any requests for modifications come at an expensive ‘customization.’
TouchBase Project & Portfolio Management Software is designed to let managers tailor the project management approach that is best suited for their project.
Seamless Systems Integration
Even though we are living in world of technology, it is unlikely that organizations have just one ‘software’ for all their business needs. It is common for companies to have invested in solutions for CRM (Customer Relationship Management), ERPs, HRMS, Accounting, etc. When organizations are operating on ‘technology islands’, the biggest casuality is – data integrity.
TouchBase Project & Portfolio Management Software is designed to seamlessly integrate with existing technology applications to deliver ‘one version of truth.’
TouchBase Seamless Systems Integration
Business and project managers need insights for swift decision making. Knowing what ‘has already happened’ is not as important as knowing ‘what would happen.’ The role of analytics-driven dashboards, alerts, and notifications does not need any over-emphasis. Further, today’s leaders need insights ‘on the go’, for which solutions need to be ‘Mobile’ with capabilities to collaborate virtually anywhere in this globe.
TouchBase Project & Portfolio Management Software is designed for the contemporary professional with strong capabilities of analytics, mobile access, and social platform for virtual collaboration.
TOUCHBASE PPM BUSINESS VALUE
To summarize, TouchBase PPM delivers holistic business impact by –
- Digitizing the complete Project & Portfolio Management cycle.
- Improving resource utilization.
- Driving fiscal discipline.
- Increasing customer satisfaction.
- Eliminating revenue leakage.
- Proactive management through predictive analytics.
- Increasing business profitability.
- Driving delightful stakeholder collaboration
TouchBase PPM Software is created with the strategic design principles of –
- High configurability to industry life cycles
- Finetuned to organizational standards and processes
- A holistic solution
TouchBase PPM Software is designed to build and enhance the project & portfolio management culture for your enterprise.
Are you ready?