9 Best Practices for Modernizing Your PPM Strategy
Where have all the good project portfolio management (PPM) tools gone? Perhaps nowhere, and that’s exactly the problem. Most have not adapted to accommodate the reality of turbulent project process dynamics, and instead they remain stuck in a time when business moved at a slower pace.
While digital transformation has driven other solutions across the business to become more adaptive and work in real time (think ERP, document sharing, etc.), PPM tools have stagnated. It’s not rare to find project managers planning on whiteboards, building details into Gantt charts, presenting with slides, and doing the heavy lifting with spreadsheets. Adaptability is left behind and none of the data is aligned.
Today’s modern, near-real-time project schedules demand adaptive strategic management solutions versus tactical support systems that have been morphed into project management tools. Excel was not designed for building project plans, and whiteboards certainly don’t provide the data trail to map project evolution.
All of this makes it nearly impossible for project managers to adapt to changes in the project plan. It’s impossible to respond quickly to threats as they arise and replan the whole program plan to accommodate this new threat. (And, by the way, that program is comprised of over 100 individual projects, 15,000 tasks, and hundreds of
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