Industry studies show that organizations spend over 20 billion dollars a year on technology and business projects and that over 60% of these projects fail. In order to compete successfully and remain competitive in today’s market place, organizations must effectively manage opportunities, projects and resources. Project Managers spend a tremendous amount of time tracking the status and health of their projects and the benefits they are receiving from them on excel spreadsheets. Organizations must consistently strive to reduce operating inefficiencies, costs and increase service effectiveness by eliminating these manual processes.

A well implemented Project Portfolio Management (PPM) solution can help achieve these key objectives:

• Automating and standardizing internal business processes for increased efficiency and cost savings
• Efficiencies in the Project Management life cycle from managing risks to status and change requests
• Increased control over employee-related time and expenditure
• Improved visibility to project / client metrics
• Improved resource utilization and tracking
• Track project budget to actuals
• Efficiencies in tracking and reporting on the financial pipeline and demand planning
• Reduction in the invoicing cycle
• Effectively Manage and control revenue recognition