ROI for PPM Tool
I am attempting to complete an ROI to purchase a PPM tool for internal use in a large and dispersed IT department. We currently have a process in place that is maintained manually through several different home grown tools. Does anyone have suggestions on types of information to include beyond facilitation costs? Examples would be really appreciated!
Answers (5)
Tressa,
when you say ROI, do you mean Return on Investment? Is PPM Project Portfolio Mgmt? Let me know then I can give you some information. I just return from a conference that has also of metrics on ROI and PPM.
Tangie
Depending on your organization's standards for what can be included in ROI calculations, you might include some estimate of the "cost of failure" associated with not improving upon your current process. Conversely, you could attempt to quantify the improvement in productivity or effectiveness of the process you hope to implement - will it help you complete more of your projects on time, more economically, or with better quality? If the new process adds capacity for your department to take on more, or more complex projects, that may also represent substantial value. Depending on the industry you serve, competitive parity (or leadership) may also help your case.
Good Luck!
Please look at http://www.tenforce.com/roi/
And contact us so we can provide you with an excel sheet with an ROI calculator.
Cheers
Bart
Jason M
Director at Masters Le Mesurier, open Senior Executive and Board Appointments to benefit from my expertise
Best Answers in: Project Management (4), Auditing (1), Business Analytics (1), Corporate Governance (1), Computers and Software (1)
We can provides some services in this area.
M. Maximilian B
Principal & CTO; Bit Economics LLC
Best Answers in: Mentoring (1), Project Management (1)
Tressa,
Before purchasing any Portfolio Management Software, ... learn how project portfolio management tools that aggregate status reports and opinions are failing to deliver on their promise, and why a Delivery and Value Assurance™ approach is superior.
Feel free to download and read our research paper written on said topic, titled:
“Enterprise and Portfolio Management Software is a Killer Not a Killer App”
Visit the link below for more details.
Good luck,
Max
