Enterprise Portfolio Management

Align your initiatives and manage projects and resources across the enterprise

The core of Planview Enterprise is Enterprise Portfolio Management (EPM), which is an integrated enterprise planning and execution system. With it, you gain unprecedented levels of visibility into and control of strategic and project portfolios, enabling you to efficiently prioritize and dynamically manage money and resources. You are able to make better investment decisions, synchronizing top-down strategic planning with bottom-up execution, and balancing your business strategy against your most precious resources: people and money.

Enterprise Portfolio Management helps optimize your business through eight key capabilities:

Strategic Planning

With Enterprise Portfolio Management, you can analyze and manage risks, prioritize strategies, and employ scenario planning to prepare for economic and business uncertainty.

Use Enterprise Portfolio Management to:

• Define missions, objectives, strategies, and tactics, adding structure to your strategic planning process
• Assess trade-offs before selecting a specific strategic course
• Accurately allocate funding and staffing when planning new strategies and initiatives
• Automate and manage the strategic process with built-in lifecycles that span the entire business strategy continuum
• Provide your business users with visibility into performance and strategic objectives matching benefits realized

Investment Analysis

Enterprise Portfolio Management uses investment models within portfolios, making it simple for you to determine long-term plans based on strategic business objectives and priorities that are aligned with the organization. This enables you to:

• Identify the key criteria to evaluate initiatives and eliminate low-value initiatives
• Optimize strategic, program, product, service, and project investments to maximize financial return and business impact -- Learn more about Investment Analysis
• Balance innovative initiatives with sustaining work

Capacity Planning

Enterprise Portfolio Management helps you balance resources with business demands, ensuring that organizational capacities support your business strategies. With it, you can:

• Perform top-down planning on high-level factors such as FTEs and organizational units
• Align these efforts with the bottom-up planning performed by project managers
• Forecast resource capacity within a framework based on roles rather than individuals

Demand Management

Enterprise Portfolio Management provides a single, centralized location where managers, employees, and stakeholders can:

• Request work
• Check status
• Delegate requests
• Review lifecycles

Project Management

With Enterprise Portfolio Management, you can scope, schedule, and execute work, and manage projects more effectively. It gives you the ability to:

• Better understand actual costs and project value
• Track and report time worked and expenses against specific projects
• Track and manage risks and issues such as work slippage
• Track and display performance and trend analysis information on work, resources, and key performance indicators
• Get quick status updates through the interactive, editable grid format

Financial Management

Project budgets must be forecast, baselined, and managed throughout the project lifecycle. With Enterprise Portfolio Management, financial managers, the PMO, and project managers can:

• Collaborate to better forecast costs
• Monitor spending through actual resource assignments and reported time

Resource Management

Proper resource prioritization requires a disciplined process, an understanding of business goals, and the ability to balance demand from multiple sources. Enterprise Portfolio Management helps you balance portfolios to ensure that the most appropriate people are assigned to do the right work. By managing work with portfolios, you can:

• Assign work efficiently
• Develop a skills pipeline
• Cultivate staff areas of interest
• Keep staff productive
• Improve forecasting through use of a framework based on roles rather than individuals
• Ensure that short-term changes in personnel do not impact strategic goals

Change Management

With Enterprise Portfolio Management, you have the tools to identify project requirements and manage the scope of work. Risks are known and changes are minimized. The result: more visibility into how your project can stay on track and deliver real business value. With this functionality, you can:

• Effectively manage change
• Track and handle issues
• Discover the possible impacts of changes on schedules and costs
• Generate an approval cycle for any necessary changes