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
Prioritising Projects
Improving Return on Investment
Using PM3’s value modeller, projects are objectively assessed against value, risk and cost. The resulting assessment is plotted onto a 3 x 3 matrix showing the ‘value rating’ of all projects allowing an easy comparison and selection of the ‘best’ value projects.
PM3 also allows you to reassess the projects’ value rating at various stage or quality gates so that projects where the value rating has fallen below an acceptable threshold can be terminated saving money.
With PM3 you can categorise projects as non-discretionary, e.g: regulatory project. These are highlighted in red on the 3x3 matrix.
PM3 has a set of default risk and value factors loaded into the tool, but these can be added and amended as required. PM3 also captures NPV calculations and payback assumptions. Using our process for prioritising projects and PM3, you can ensure that the project portfolio is selected based on a 'level playing field' rather than by one particular sponsor who shouts loudest.
Click here for more information on how to prioritise projects.
