Organizations today strive to do more with less. Portfolio Managers strive to optimize their entire project portfolio from business case generation and approval to prioritization, selection, dependencies, portfolio risks, and tracking. Choosing the right work is an obvious goal, but how to make tough choices? Without the right tools and methodology, managers struggle to balance considerations of risk, cost, value to business, return on investment and optimal capacity utilization for portfolio investments.
SMART EPM for Portfolio Management is designed to handle all facets of Portfolio Management from work prioritization, capacity planning, financial management to portfolio optimization. Built on LMR Solutions’ knowledge of Portfolio Management best practices, tool experience, and proven methodology and process knowledge from hundreds of EPM deployments, SMART EPM utilizes a process-driven approach unlocking the power of Microsoft Office Systems. SMART EPM for Portfolio Management provides preconfigured Microsoft Office System solutions designed to provide processes and built-in analytics for strategic management. With a single source for all portfolio needs, SMART EPM for Portfolio Management automates the whole portfolio lifecycle giving you a competitive edge—empowering you to do more with less.
Before you can prioritize, you must have visibility into your entire portfolio. Analysis begins with capturing all investments, work or projects competing for resources to determine a baseline inventory. Dynamic and collaborative SMART EPM for Portfolio Management aggregates and interfaces many data sources to consolidate information in one location. Pre-configured scorecards facilitate direct data entry and capture data imported from existing systems. From a central repository, portfolio managers review and communicate about the portfolio increasing corporate efficiency and success rates. With visibility into real-time investment status, it is possible to monitor progress in terms of actuals and forecasted on key dimensions such as cost, schedules, benefits and risk and communicate status to all stakeholders.
What is your priority work? Reallocation of resources away from poor investments and to high value investments is the goal of effective portfolio prioritization. SMART EPM for Portfolio Management delivers pre-configured analytics which categorize, score and prioritize opportunities based on quantifiable criteria with real-time details that are easily visualized through dynamic graphs and charts. Portfolio analysis reveals areas for improvement such as investments that are low value, duplicate or unhealthy. Balancing the portfolio follows by checking key business objectives and distribution goals.
SMART EPM for Portfolio Management provides a complete view of the resource structure across the entire organization enabling resource managers to anticipate demand and quickly allocate the right resources to complex, cross-departmental projects. It also tracks resource demand from projects and day-to-day activities to ensure both high priority activities and essential, “keep the lights on” efforts are supported. Real-time visibility into capacity, assignments, utilization, programs, projects, costs and demand means resource management decisions reflect today’s business realities.
SMART EPM for Portfolio Management includes capacity planning functionality that enables organizations to view portfolio summaries of project status and resource demand categorized by project type, resource roles, geography or department. Portfolio managers are able to meet project requirements without staffing overloads or under-utilization. Simulations of different “what if” analyses on different project selections provides strategic planners with an essential tool for optimizing resource utilization. As well, resource pools are used to model resource supply by company, division, group or program to plan alternate staffing scenarios.
Optimizing a portfolio is both an art and a science. With the support of data rich metrics, schedules and budgets, managers need to be able to experiment with different portfolio scenarios to see what selections best serve their organization. With SMART EPM for Portfolio Management, you can do just that. This tool features rich scenario planning and simulations to investigate multiple alternative portfolios and compare against budgets, schedules, resource capacity and availability, risk, ROI and strategic contribution.
Are you spending unnecessary time feeding portfolio status reports to various stakeholders? An effective portfolio evaluation requires more than just project management roll-up and compilation. SMART EPM for Portfolio Management offers robust analysis with out-of-the-box metrics such as value to the business, true cost, risk, alignment with enterprise strategy, customer satisfaction and overall health. Dashboards deliver the power to track, display performance and analyze trends on strategies, investments, resources and key performance indicators with visuals like s bubble charts, time-phased cost graphs, and user-defined pie charts. Reporting on how your portfolio is performing in real-time has never been easier!
Contact Us to learn more about SMART EPM for Portfolio ManagementIn today’s competitive marketplace, let SMART EPM for Portfolio Management help you succeed. Align your investments with corporate goals, analyze and manage risks, prioritize strategies and use scenario planning to optimize the value of your work to your business.
Leverage LMR Solutions' best practices and expertise
Accelerate time to value with preconfigured Microsoft Office System solutions
Optimize your investment with familiar Microsoft Office tools
