Financial management is the heart of project delivery, so why do so many people get it wrong?
When projects are being planned, financial considerations are one of the main driving forces. The organization establishes a budget for investment in projects during the next period and sets the expected ROI that investment needs to generate. Business cases are developed and projects approved based on the funds available and the extent of contribution (direct or indirect) to ROI they will make. From that point forward, the ability to achieve the required performance from a project is directly associated with the ability to control costs and retain the contribution to benefits. The problem for many organizations is that there simply isn’t a framework for that management to occur.
There is no reason for this situation to persist. Modern PPM solutions are more than simple project tracking tools; they offer sophisticated investment management, and that includes financial management, including analysis.
Download this white paper and learn how CA Project Portfolio Management (CA PPM) can help your organization with the financial information needed to manage your investments.