Skip to main content

Analyzing Open Source Project Portfolio Management Tools

Project Portfolio Management Tools : Issue/Incident Management

Why PPM : 
Its similar to manage a portfolio of different asset classes  in financial world with varied set of information available to manager. Every portfolio manager wants to increase return on investment with limited available resources.

In the same fashion every Project Manager demands for successful completion of project best quality project deliveries, within budget and on-time. In managing such diverse information and resources one may face challenges like, change of requirements, internal competition for resources of staffing, infrastructure etc. So a robust PPM framework enabled with online tools is necessary to manage projects.

Project Portfolio Management Tools:

A set of projects portfolio managed across organization via a common tool for issue tarcking and incident managemtn helps a lot in managing and resoloving issues within a definite time period. Organizations are using project portfolio management (PPM) as a way of executing projects and delivering the results of benefits to end customer.


In case of projects, one of the open source tools used in as part of project execution is "Jtrac" web based software application used for incident management and issue resolution which is very effective in online collaboraion on a single page.
It has certain feature which is of use like email exchange, customized work-flows, fields etc., and also having a dashboard with search option across all project with custom roles. More information about the JTrac can be availed at location : http://www.jtrac.info/.

Project Portfolio Management Tools not only give a dashboard view of resources but also serves the purpose of knowledge management tool to have repository of resources available from project execution.



Labels:

Comments

Post a Comment

Popular posts from this blog

Aligning Projects with CSR (Corporate social responsibility)

CSR ( Corporate social responsibility ) in context to Project management : Projects are unique entity units, they have a start and a logical end. Projects executes in a time frame with certain goals and objectives to achieve by the end of project and obviously Business as whole is connected with project where sustainability matters. Project managers seek responsibility and accountability from each team members in projects to make project a success, there comes the role of CSR wherein project managers can engage project members to achieve the stated objectives in a project in a sustainable way with responsibility. Corporates do CSR but at the corporate level, if we drill down CSR initiatives at the implementation level and align operational objectives with CSR which can drive projects in a holistic way by driving individuals inside-out from organization perspective and projects outside-in. CSR is just not one word but a gamut of activities are associated with it where in on...
Post a Comment
Read more

Do we really need to calculate earned value for project?

budget (Photo credit: 401K ) What is earned value : It measures cost , schedule, and work done .Its a way to measure projects progress and provide budget variances. Its a indicator of schedule, budget,and milestone.It also gives us percentage of work done, budget spent, and time consumed. So the units to measure it is dollars and and work hours. So whats the next step to calculate EV: Prepares a WBS (work break down structure) to quantify each task as phases and then phases into modules, modules into more detail units as it descends with time-frame for each task have fixed time which gives us a baseline structure. Lets understand some terms: BCWS - Budgeted Cost of Work Scheduled ACWP - Actual Cost of Work Performed BCWP - Budgeted Cost of Work Performed From above terms earned value will be defined as "Cost incurred to accomplish the work that has been done to date." Derived metrics known as Schedule variance and Cost variance, if they fall into ne...
Post a Comment
Read more

Porter's outside-in and Hammel - Prahald's Inside-out

Over the years inspiration and motivation to out do something which creates spark in the genre of concurrent times is always been challenge for all of us, to make things happen requires a plan, an out of the box solution to rationalize its existence. More often than not inspiration are unknown to us, which may leads to different scenarios of multiple ways of looking at things differently and indifferently also, anyways there are always n-1 degrees of freedom to think differently for n+1 different ways looking at things. Inspired by a spiral which is coincidentally a galaxy in our spatial system gives us views like --if one start from a point from outer end to reach at center, will reach from outside-in and if one starts from the center and circle outwards move than that will be inside-out thinking. So again its up to individuals, which way move. Traveling by we see stars and other objects binding each other with gravitational forces. Galaxy One of the many management stra...
Post a Comment
Read more