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Paying Off
A new study details how organizations worldwide are leveraging project portfolio management software to significantly increase efficiencies, cut costs and drive revenue.
If most of the country woke up to the global economic meltdown in 2007, that's only because they weren't in Michigan.
Chained to the declining fortunes of the U.S. auto industry and long-crippled by some of the highest unemployment in the country, Michigan has been battling recessionary pressures for decades — time enough for big productivity gains and triple-digit returns on investment to seem like the loftiest of goals.
But that's exactly what the government of Oakland County in the southeastern part of the state has been able to do in recent years, and it credits the implementation of aggressive project portfolio management techniques.
Cost-savings to date include an 8 percent reduction in fixed labor expenses, a 5 percent increase in productivity per employee through improved IT governance and a 193 percent return on investment in PPM software after implementation. In fact, business justification and ROI are now requirements for every new project, the county says, concepts not always found in local government.
"I'm not sure we would even be here today without this …
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