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PPM: A Buyer's Checklist
Curt Finch is the CEO of Journyx.
From functionality to return on investment, here are some key criteria to focus on when considering a project portfolio management solution.
The demand for project portfolio management (PPM) solutions is on the rise. According to a recent article in CIO Magazine, companies are moving in this direction mainly in response to the recession, because PPM solutions enable them to “identify which IT projects are mission critical and to help them execute those projects as efficiently as possible.” They have also found that software-as-a-service (SaaS) solutions are both more affordable and easier to deploy than locally installed ones.
It is extremely important that organizations consider several factors when purchasing a PPM solution. It is not a small investment, and it will touch everyone who works on projects at your company. Here are some key criteria that businesses should focus on during the selection process.
__ Is It Affordable?
This is one of the first questions that any buyer asks. While larger organizations might not worry about cost, companies in the mid-market cannot afford a high total cost of ownership, especially when the economy is down and budgets are tight. For this reason, it is important to compare vendor prices and offerings when looking at solutions. Larger PPM solutions can be costly, but there are …
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