Read the original article here: http://mssprojectsanalytics.com/blog/bid/241138/5-ways-Primavera-software-helps-manage-your-projects-better
Manage your projects with Primavera Software
Everyone in project intensive industries know that Primavera software is the standard for effective project portfolio management. However, do you know how Primavera software can help your organization manage its project portfolio more effectively? In this blog post, we will discuss 5 ways that Primavera software will help your organization streamline it's project management, reduce project costs and increase profits.
1. Choose the right combination of project portfolios
Lets face it, project managers and project controls professionals have difficult jobs. They have to determine if it worth it for a company to include a project in it's project portfolio. How can Primavera software help them make that choice? Easy. Primavera software comes fully equipped with a portfolio management module that prioritizes and assess the strengths and weaknesses of a project portfolio. Factors such as risk, ROI and resource management capabilites are all given to you in an easy to read graphic that helps you assemble the right mix of project portfolios.2. Plan and Schedule Complex Projects
There are projects out there that require more than just your standard scheduling prgram. This is where Primavera software comes in to play. Some organizatios manage thousands of projects at once and each project could have thousands of activites and unique requirements. That is a complex schedule! Primavera software helps organizations effectively plan and schedule projects with tools such as critical path scheduling and analysis, resource leveling, capacity planning, baseline analysis, and easy to read views of thework breakdown structure (WBS). All of these features are key to managing multiple complex projects.
3. Resource management
I can think of two words that will scare executives, project managers and project controls professionals. Liquidated Damages. If your project is running behind schedule and does not finish on time, chances are that you are going to have to pay a hefty fee. One of the main reasons that projects do not finish on time is poor resource management. You have to have the resources available to complete the job. Primavera software has a whole module dedicated to resource management. This module includes the ability to level resources and assign resources to activites. Providing the user with access to resource information will help them maximizing the use of a limited pool of resources to help facilitate the completion of projects on time and within budget.
4. Organization wide collaboration and communcation
One of the main factors that drives project success is effective communication amongst project stakeholders, managers and workers. Primavera software promotes organization wide collaboration by improving decision-making at the highest level, streamlining project coordination and helping team members be more efficient. Primavera P6 EPPM helps facilitate communicate from the top down making sure that all project team members have access to the most current project information and schedules, which will help eliminate the communication errors that cause project delays.
5. Reporting and Analytics
Primavera P6 EPPM's analytics and reporting features sets itself above other project management tools. It is able to report and analyze multiple project portfolios at once giving project stakeholders a bird's eye view of the status of their projects. Understanding the status and analytic of a project is important because it enables an organization to discover exactly where the issues are that are negatively impacting a project, the data and indicators needed to overcome the issue, and the results of the solution to the issue. The project reporting and analytic are all rolled up into a customizable dashboard that lets the user view all of the important information in one spot.