By creating Portfolios in Primavera P6 EPPM, organizations can adopt a holistic approach by looking at the performance versus return profile of the whole project portfolio. This management strategy helps organizations prepare with what-if’s, contingencies and backup plans.
Performance thresholds and tolerance levels can be identified helped by the portfolios’ gathering of real-time metrics. This helps to identify trends that may harm the portfolio, hence preventing the achievement of strategic objectives. The analysis of these metrics allows organizations to adapt to strategic or environmental changes.
When an organization has a long-term roadmap, for example, a project that may take many years to complete, the focus can be lost in the execution of short-term projects. The long-term roadmap may change, parts of the project may no longer be relevant, or resources may be sparse. Whilst dealing with these issues it is often easy to forget the bigger picture.
Portfolio Project Management helps put things in perspective and supports making tough decisions based on the organization’s long-term objectives. And, creating portfolios in Primavera P6 EPPM can help!
Having a Portfolio view across multiple projects in Primavera P6 EPPM will help in considering resource availability right at the start of projects. By continually reviewing these periodically, clarity is provided on how to use resources optimally across projects.
We recently published an article on How to Create a Portfolio in Primavera P6 EPPM and you can read that here.
Several folks have contacted us wanting to know some more about creating portfolios in Primavera P6 EPPM, so we’ve produced a short video. You can get a better feel using portfolios in Primavera P6 EPPM and capabilities of this feature and, at your leisure, see it live in action.
You can also see other Oracle Primavera P6 videos by Ten Six here as well as subscribe to our YouTube channel to receive notifications of when we post a new video.
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