Solutions
- SugarCRM
- PM3
- PM3 Overview
- PM3 Elements
- Prioritising Projects
- Resource Management
- PM3 and P3O
- Capacity Management
- Project Governance
- Project Accounting
- PM3 - Top down Planning
- Benefits Realisation
- Risk and Issue Management
- PM3 for Health
- PM3 for Cost Reduction
- Implementing PM3
- Why PM3
- PM3 - Return on Investment
- PM3 Release 6
- PM3 Retail
PM3 - Return on Investment
ROI for PM3
We have undertaken a survey of several recent PM3 clients to understand better the ROI of PM3. We have summarised the common themes of PM3 in terms of return on investment and these are detailed below:
Costs to be included
The costs that must be included in any PM3 ROI calculation are:
- Training;
- Licence cost (annual);
- Installation cost; and
- Mentoring / support costs.
The benefits of PM3 are both tangible and intangible and are detailed below:
Tangible Benefits
Tangible benefits that can be attributed to the bottom line include:
- Reduced budget overruns;
- Projects terminated quickly when benefits case becomes invalid;
- Avoidance of spend on Non-Strategic projects by using PM3’s value modeller;
- Reduced cost of Project Manager resource, e.g. compiling reports for senior management;
- Reduced cost of PMO resource;
- decreased downtime of personnel by automating the resource booking process;
Intangible Benefits
Intangible benefits that cannot be attributed to the bottom line include:
- Improved decision making on projects due to up to date project information being available on-line;
- Improved employee and contractor utilisation;
- Improved predictability of projects;
Benefits Case for PM3
Using a conservative calculation of the typical costs and benefits of using PM3, we found that the average payback period for our clients was about 7 months. Details of this calculation are available on request.
