why you should opt for ppm software

WHY YOU SHOULD OPT FOR PPM SOFTWARE

Control your Operations, Tasks and Projects with Ease

Project portfolio management (PPM) software gives small companies and large corporations the opportunity to track and execute strategies in the most effective way. The market has become truly diversified over the past few years, giving companies a wide range of options and features to choose among.

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According to Standish Group International Statistics for 2013, less than a third of all corporate projects get completed on time and within the specified budget. Companies that use PPM tools, on the other hand, proved to be 44 percent more likely to finalize projects on time and 38 percent more likely to do that within the specified budget than companies that don’t use PPM software.




The statistics provide a glimpse of the importance of effective PPM. Is this solution the right one for your business? Are you still reluctant about giving PPM tools a try? Several important characteristics of such software products determine their practicality and make them invaluable for effective project completion.




Link-PM offers ready-to-use robust & powerful control tools for globally prioritising, planning &

executing projects, programs and portfolios.

Project & Portfolio Management Software

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Reasons Why Businesses are Reluctant to Use PPM Software




Companies have several reasons that justify their reluctance to adopt the utilization of project portfolio management (PPM) software.




The first and most common explanation is that the business doesn’t have the funds needed for investment in such solutions. This argument falls flat, however. As already mentioned, adopting a more responsible approach towards project portfolio management can contribute to serious corporate savings.




The software costs a fraction of the amount that will be needed for the execution of projects that go over budget. PPM tools make it easier to prioritize tasks and boost the efficiency of execution. Both of these will contribute to the more efficient utilization of corporate resources and more affordable overall practices.




Many start up and small company owners believe that PPM solutions are only suitable for larger businesses that have been around for a longer period of time. This is another common and damaging misconception. PPM software is highly scalable, thus it can address the needs of all companies.




In addition, effective project management is equally important for large and small businesses. It may be even more important for start-ups that have limited resources to dedicate to the execution of tasks.




Organizations have yet another common reason for their unwillingness to begin using PPM software. This reason focuses on the complexity of the tools. Some project management professionals believe that PPM IT solutions are too challenging to use, which will lead to spending a lot of time on understanding the solution and getting to make the most of it.




The world of project management, however, evolves all the time. Innovative solutions will sooner or later become the norm in the field. The earlier adoption of such solutions will give the company and its project managers some competitive advantage. In addition, the willingness to embrace innovative solutions will affect the overall reputation of the business.







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The Numerous Benefits of Using PPM Software




Now that we’ve tackled the common reasons why companies seem reluctant to integrate PPM software in their practices, it’s time to examine the most important benefits that such solutions deliver.




The effectiveness of PPM software cannot be replicated in any other way. In addition, it produces a vast range of corporate benefits.




Performance Visibility




PPM software helps managers track performance and project execution. It provides a clearer picture of the most effective practices and the ones that miss the mark in terms of cost-efficiency or productivity.




Project management allows managers to understand current projects, their resource demands and what the best allocation of resources is going to be. In a sense, effective PPM paints a big picture that can be the key to strategic development in the future.




PPM software can be used to manage resources, assess risks, access vital financial data and change control. All of these processes are needed by organizations, regardless of their size or the industry that they operate in.







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Forecasting




PPM software gives access to significant amounts of data that can be used for better forecasting.




The data makes forecasts about the future, budgeting and risk assessment much more realistic. As a result, the use of PPM software can prevent companies from going down the wrong path or implementing project management strategies that will miss the mark. All of the data about current and past performance is stored, making it easier for managers to base future decisions on the information that they have about previous campaigns.




Increased Customer Satisfaction




Through project management, planning and adequate resource allocation, companies become much more capable of delivering quality services and maintaining this quality over the long run.




Sufficient quality control and sustainability in terms of project management practices will ultimately contribute in a higher level of customer satisfaction. A project completed on time and within a specified budget will make clients happy. PPM software gives project managers all of the tools that are needed to communicate effectively with customers and improve relationships.







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Repeat Success




PPM software enables repeating your successes in the future. It allows project managers to create the environment and select the allocation of resources that will deliver optimal results time and time again. As a result, PPM software increases predictability and enables organizations to replicate their successes without dedicating significant resources to strategizing.




The process framework that has already been established is backed up by vital data, risk minimization information and the best possible allocation of resources. All of these components are vitally important for strategic, long-term success.




PPM software is the way to go and such solutions will continue gaining prominence in the corporate world. The reluctance to adopt innovative portfolio project management opportunities is pulling your company back. The fact that you have so many options to choose among is yet another reason why PPM software is worth the try.





You may also like:

• Attributes of a Successful Project Manager• Benefits of Project Management Software• Time Management Made Easy for Project Managers• Ways to Get Most Out of Your Project Team• How to Identify Future Performers in Your Team• How to Get Projects Done Effectively• Steps to Avoid Project Burnout• What can project managers teach marketing managers?• 8 Project Management Trends to Watch for in 2015• How to Track Tasks Better and Delegate Even Better• Project Management Reports – Visibility is Key• Seven Things that can Kill Productivity at Work• How to Avoid Project Failure• The Importance of the Project Management Software Dashboard

http://www.synquis.com/blog/attributes-of-a-successful-project-manager

http://www.synquis.com/blog/benefits-of-project-management-software

http://www.synquis.com/blog/time-management-made-easy-for-project-managers

http://www.synquis.com/blog/ways-to-get-most-out-of-your-project-team

http://www.synquis.com/blog/how-to-identify-future-performers-in-your-team

http://www.synquis.com/blog/how-to-get-projects-done-effectively

http://www.synquis.com/blog/steps-to-avoid-project-burnout

http://www.synquis.com/blog/what-can-project-managers-teach-marketing-managers

http://www.synquis.com/blog/8-project-management-trends-to-watch-for-in-2015

http://www.synquis.com/blog/how-to-track-tasks-better-and-delegate-even-better

http://www.synquis.com/blog/project-management-reports-visibility-is-key

http://www.synquis.com/blog/seven-things-that-can-kill-productivity-at-work

http://www.synquis.com/blog/how-to-avoid-project-failure

http://www.synquis.com/blog/the-importance-of-the-project-management-software-dashboard

http://www.synquis.com/blog/the-importance-of-the-project-management-software-dashboard


Synquis - Project Management Software

Address: Level 12, 530 Little Collins Street, Melbourne, Victoria, 3000, Australia

Website: www.synquis.com

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http://www.synquis.com/

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why you should opt for ppm software

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