15 Project Portfolio Management Features Designed to Help Your Key Business Initiatives Succeed: Part 3
In our conversations with customers over the last several years, we’ve noted ever-increasing interest in business intelligence. Today’s organizations want dependable, up-to-date data that can be used to make more impactful and more meaningful business decisions—no surprise in this highly disruptive, fast-paced environment.
In response, CA Technologies has taken significant steps toward providing organizations with the intelligence they need to guide their businesses through everything from the most aggressive competitive threats to understanding the potential (and real cost) of each new opportunity. Here are five new features that shine the spotlight on project portfolio management (PPM) business intelligence:
11. Self-service business intelligence (BI)
The right data warehouse can deliver real competitive advantages and adding BI tools designed to fully exploit the data they collect is like adding a turbo engine to a Mustang: performance multiplied. The only problem is that legacy BI tools can be expensive and time-consuming. If your BI tool is outdated, you can easily spend hundreds of hours a year writing queries, scrubbing data and generating ad-hoc reports—i.e., losing valuable lap time.
At the other end of the track, modern BI tools are interactive. Their simplified dashboards provide anytime, anywhere access to information. And their simplified processes reduce the need for data experts: improved lap time.
CA Project & Portfolio Management (CA PPM) was designed for the easy extraction of information. We’ve now combined the CA PPM data warehouse with innovative BI tools like JasperSoft, Power BI, Tableau, Qlik and other solutions to provide extended project, resource and financial information. The result is self-service portfolio analytics, powerful data visualization capabilities, personalized dashboards and 360-degree views of the business and mobile device options that empower your business meetings.
12. Trending metrics: the basis for predictive analytics
All projects come with risk, so continuous monitoring is important, especially when project completion nears and managers need to ensure outstanding issues and dependencies are being resolved. Most solutions only give you real-time status reports, so custom jobs are required to gain a clear picture of trends. We’ve removed that requirement.
CA PPM’s trending capabilities now monitor operations over time to predict project success or failure and alert managers to issues early on, so course corrections can be made before it’s too late. Tracking changes over a period of time and using past trends as a predictor of future performance is a foundational component of predictive analytics.
13. Living status reports for real-time intelligence
Because most tools don’t support real-time interaction and transparency, understanding the actual status of a project in real time can be a complex process. We’ve found that managers spend a lot of time chasing information stored in chats, emails, voicemails and notebooks to determine status—time that could be better spent solving problems.
With CA PPM’s living status reports, managers can answer key project questions about everything from scheduling to work and funding status with real-time information—and without having to export data into Microsoft PowerPoint® or Excel®.
14. Project tiles help visualize information
Sometimes increasing business intelligence is just a matter of getting access to the right information quickly and easily. With CA PPM, financial managers can now visit a dashboard where projects are represented by individual tiles containing each one’s financial details. The tiles are configurable, and users can easily pivot between four financial views:
- Planned: Anticipated financials assigned at the beginning of a project
- Planned to Actuals: Contrasts planned with actual expenses
- Plan to Forecast: Contrasts planned expenses with current expense forecasts
- Actuals: The final spend at the end of the measurement period
15. Project Portfolio Management and CA Agile Central integration, a boost for BI
For real business intelligence, organizations need real-time visibility into exactly where each project stands in business terms. The integration of CA Agile Central (formerly Rally Software) and CA PPM provides visibility across the entire project spectrum, from ideation to delivery.
By consolidating data from across the enterprise, this combined solution provides business users with visibility into the projects they’re funding. They can evaluate how teams are completing projects, see what people are working on, identify when funding requirements change and be alerted to issues that could impact projects—and a lot more.
Over the last several years, CA PPM has been redesigned and integrated with CA Agile Central to deliver organizations the features they need to better leverage business intelligence. With CA PPM, resource managers get a problem-solving solution that facilitates planning, forecasting and staffing. Project managers get accurate, real-time data to work, and clear insight into how projects are progressing and where they’ve stalled. Executives get unprecedented business insight, and with it, the ability to make data-driven, high-impact business decisions. And organizations? They get the turbo engine they’ve been waiting for.
Learn how CA can help you on your Project Portfolio Management journey at www.ca.com/ppm.