how to calculate ppm in project management

Common PPM pain points include things such as poor productivity due to too much time spent on non-value-added tasks, ineffective resource utilization, and elongated project timelines that are delaying time-to-market.

When assessing the needs of your PPM team, the problems and pain points that your team encounters on a frequent basis are especially deserving of attention. In order to make informed decisions about the project portfolio management tools you and your team need, it’s a good idea to begin with a thorough assessment of your team’s projects and resources needs. Project managers working for large companies with more complex project planning responsibilities, meanwhile, will likely be better-suited purchasing high-level PPM solutions. For project teams that are tasked with managing one individual project, PPM modules that can be purchased as technology platform extensions for existing enterprise application platforms are sometimes adequate to meet the team’s goals and objectives. When choosing PPM tools, therefore, it’s important to consider the big picture and decide how much you actually need to invest in PPM solutions. The PPM software that will be suited for your needs will largely depend on your team’s unique strategic goals and PPM process. In order to help you choose the portfolio management software that will be best-suited to help your team reach its strategic objectives and provide the best return on investment, we’ll explore everything that resource managers should look for in project and portfolio management software.

Of course, choosing the right project portfolio management software for your team’s unique needs is a crucial first step. While PPM software and PPM tools have always played an important role in helping companies create a centralized management solution, they are more vital than ever before in today’s world where working remotely is becoming more and more common. Fortunately, there is a wide range of project portfolio management software solutions designed to help team members effectively manage multiple projects simultaneously in a way that makes it much easier for a team to reach its goals and objectives for any given set of projects.

How to calculate ppm in project management