Does anyone have good return on investment or support information (statistics) for the use of PM software Saving Changes...
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Michael BrownProject Manager| JPMorganChaseDeerfield, Il, United States
I've been doing quite a bit of research into this topic - in fact, I've posted a survey in this discussion channel on that very idea.
I've found it extremely difficult, at best, to compute "ROI" on a PM tool for several reasons. Tools aside, it can take an organization quite some time to show how good project management practices and processes provide an organization return on investment or cost savings. If the organization is particularly weak in its PM maturity, it may take years before you are able to demonstrate concrete numbers in terms of dollars saved from cancelled projects, shorter life cycle, etc.
Presuming you DO have some good numbers to support PM as a necessary (and beneficial!) function within the organization, it can become that much more difficult to describe how the tool itself adds to that value - particularly if the cost of a large Enterprise roll-out climbs into the hundreds of thousands.
I'd be glad to provide further information if you need. Feel free to contact me at [email protected] - Michael Brown Saving Changes...
Steve RoyallDirector of National PMO| Compugen IncFergus, Ontario, Canada
there is a new book out called Advanced Project Portfolio Management & the PMO - Multyping ROI at Warp Speed by Gerald Kendall & Steve Rollins - has an entire chapter with formulaes for EPM Tools and their Value on Project Delivery. Donald Ross @ MCAP.com Saving Changes...
