In portfolio management ideas and projects are being clustered and grouped. At the root we find the business case. This enables us the set all relevant factors side by side. A clear image is presented between the connection of:
· People
· Resources
· Finances
· Time.
Through the combination of these factors it is easy to sort ideas and projects on the level of attractiveness fitting with your company strategy. Consequently, the gained insight helps distributing available resources among the innovation options and projects based on the principle ‘less is more’. At every project time is needed for coordination and sharing information. This may result in a significant drop of actual productivity when employees are occupied with too many projects.
The INPAQT Portfolio Management Tool is aimed at preventing these kind of situations and lays the foundation to extract the maximum out of available resources.
Portfolio Management is a continuous process which can be applied in all facets of the innovation process. That is why we have integrated the portfolio management tool with our other management tools: project management, program management and roadmapping.
Through this integration a powerful tool has came into existence covering more than just the so called multi project management.
The most important features in a row:
· The interconnected dependency of projects can be mapped,
· Strategic fit on the field of:
o Balance between the long and short term
o Risks and revenues
o Strain on available people and means
o Pursuing maximization of value creation.
· Extensive means of presentation, among others:
o Bar charts
o Bubble charts
o Radar charts.
· ‘What-if’-scenarios can be examined in real-time,
· The course of forecasted and actual results can be put side by side. Possible distortion can easily be mapped in order to plan and budget more accurately in the future.
The business case forms one of the essential pillars of portfolio management and plays a vital role throughout project management Therefore IMS provides the Project Management Tool.