Problems faced by Portfolio Managers
Strategic Alignment & Undefined Goals
The lack of clarity in defining goals and starting projects which are not aligned with company’s current strategy results in poor execution, soaring financial results.
Governance & Standardization
Formulating a coherent and robust project governance process is often complicated, and it requires significant time to implement a standardized, repeatable process.
Manual Process & Inconsistent Data
Sticking to manual processes and labor not only result in conflicting and unreliable data but also lead to loss of resources time and efforts.
Lacking Transparency & Visibility
Little to no availablility of data and no visibility of underlying projects create confusion amongst teams. The resulting lack of visibility jeopardizes the entire roadmap of the project.
Scoring & Analysis
Erroneous reports created manually and vague insights into the project prevent Portfolio Managers from prioritizing and optimizing the right projects at the right time.
Resource & Risk Management
The lack of visibility and confusion lead to ineffective resource management which further results in bottlenecks and delays. Plus, with no risk analysis and mitigation, the project is bound to failure.
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Portfolio Selection and AnalyticsCompare projects, check project’s position in the company’s strategic plan and prioritize accordingly, while also ensuring business requirements and analyzing real-time insights. -
Business Analytics DashboardWith a centralized dashboard, you get to gain a better visibility on the performance of your portfolios and projects.
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Program ManagementManage projects through a single platform intuitively and efficiently.
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Risk ManagementForecast and mitigate risks and save your projects from unfavorable consequences.
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Ideas and Demand ManagementCentral Governance Workflow – Create framework, enforce standards and make effective strategic decisions through governance workflow. Centralized Collection – provides you with a good vantage point.
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Track Project and Portfolio PerformanceStatus – Easy interface to collect the scope, cost and time status from project managers.
Portfolio Performance – Get complete control on your entire portfolio performance -
Project GovernanceRegulatory Compliance – Meet all regulatory requirements in a simple and clear manner.
Streamline Business Processes – Streamlined business processes help break down silos and unify business units for better governance.
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MEGOWORK PPM® Allows Project Managers to...Prioritize, analyze, strategize, centralize, automate and track small to large-scale projects without bumping into confusions and ambiguities. We help improve team collaboration and deliver better productivity.