In order to effectively manage projects, organizations must be able to:
- Execute the strategic initiatives, programs and project portfolios that drive performance improvements
- Manage pipeline of potential initiatives
- Monitor project status, costs, resources, schedules, risks, issues, changes and dependencies
- Make savings from con-core projects or non-performing projects
- Focus on ROI and strategic objectives
- Balance a portfolio of projects
- Identify quick-wins and time-wasters
- Get buy-in from shareholders, customers, partners, employees and suppliers
- Access relevant detailed data from a variety of corporate data sources
- Streamline information flows and automate workflows (including reminders, escalations and approvals)
- Encourage outcome-oriented communication and collaboration across the organization
CorVu’s CorProject module enables organizations to implement these processes leading to more effective project management.
Project Portfolio solutions are frequently linked with other Strategy Execution features, as related to Budgeting and Planning solutions, Risk Management solutions, Scorecard and Dashboard solutions, or Decision Support solutions, each of which can be addressed by other CorVu Performance Management modules.
