Project Portfolio Management, IT Financial Management Blog

Project & Portfolio Management in a turbulent economic environment

By Bruce Randall, Director of Product Marketing, HP Project& Portfolio Management


 


At the start of 2009, I was curious how the market for project and portfolio management software would continue to fare – in light of the “less than ideal” economic news coming out nearly every day.  To me (not that I’m biased or anything J) it seemed that HP Portfolio Management (PPM) Center was the ideal kind of software that customers would select to weather the storm – specifically using it to cut costs and gain visibility into the entire project portfolio.


 


Fortunately, industry gatherings, HP-sponsored events and anecdotal conversations with customers confirmed my hunch about the value of the solution. Since the start of 2009, I have personally witnessed the following:


 



  • Our annual HP PPM Center Customer Advisory Board meeting in June was oversubscribed. Hearing that industry conference rates were off by 30% or more, we braced for a similar drop-off. Instead, our customers more than showed up – which told us HP PPM Center was strategic to their business and was seen as a critical component to reigning in costs and improving project outcomes.

  • The Gartner PPM and IT Governance Summit , held in Orlando September 14-16, was very busy with unexpected attendance figures – more than doubling the initial forecasts. Our customer, Thrivent Financial, spoke on how they have used HP PPM to gain significant value in better managing their resources.

  • At our European PPM Customer Forum event in Turkey September 30 – October 1, we were again over capacity in spite of serious travel restrictions for many of our European customers. All customers saw this as important opportunity to discuss how the software works and the processes that are important to them.


 


I feel confident in saying that word has gotten out that HP PPM Center can deliver significant return on investment – in just one year.  The Gantry Group 2008 ROI Benchmark Study for HP PPM Center demonstrated this – and the last 18 months have only confirmed what the study revealed: If you want to cut costs while still growing the business, you need a tool that gives you visibility into the whole portfolio, a way to govern demand, and automated project portfolio management to deliver lasting efficiencies.


 


 


 

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About the Author(s)
  • Brian is a Product Marketing Manager for Application Development Management Solutions with and previously for Project and Application Portfolio Management, with extensive experience in presales and implementation roles.
  • This account is for guest bloggers. The blog post will identify the blogger.
  • The voice of HP PPM. Keep up with us for all things Project and Portfolio Management.
  • I help IT leaders to understand how well IT is performing from a business perspective.
  • Evangelist for IT Financial Management (ITFM), IT Governance and IT Portfolio Management, consulting IT organisations for Close to 15 years on principles of good governance.
  • WW Sr Product Marketing Manager for HP ITPS VP of Apps & HP Load Runner
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