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Getting better outcomes
At ILX, our goal is to help project professionals get complex stuff done. Our high-quality training ensures that project, programme and portfolio managers are fully equipped to deliver projects more effectively and drive measurable business impact.
We know what it takes to achieve project success, but we also know training is just part of the solution. A project management office (PMO) is responsible for managing the execution of projects, delivering them on time, on budget, and measuring the results - and you need to do all this while grappling with scope creep, resource management, changes to budget, and any number of other challenges.
A solution for tracking data is vital for a PMO, and that's where a project portfolio management (PPM) software tool can prove invaluable. PPM software will help your PMO to tackle challenges and improve business outcomes.
Challenges within your PMO might include:
Resource optimisation
Ineffective prioritisation processes
Lack of visibility into utilisation
Risk management
Demonstrating added value to the business
Inconsistent approaches to managing projects
How to pick the right tool for you...
A PPM tool that's the right fit for your business will enable your project teams to work more effectively, and to tackle the challenges you're facing in a smarter way.
The key to an efficient PMO is real-time visibility into every aspect of your portfolio. Being able to easily access data relating to your entire project portfolio, the ability to identify dependencies and having visibility of resource allocation, resource bottlenecks and overall project status, will greatly improve your capacity to successfully deliver projects.
There are several benefits to using a PPM tool, they can help businesses to:
- Make better decisions - reports and dashboard enable you to make decisions based on data from live projects
- Improve productivity - introducing a structured method of data entry and standardising processes means your project teams can stay focused on delivery
- Collaborate more effectively - improved visibility means teams across the organisation can communicate more easily over resource management, project costs and project status
- Consolidate PMO processes - having a standardised project management framework will reduce the administrative burden of setting up a project, helping teams to get going more quickly