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Who is Projectric and what are our key capabilities that will help you?

Projectric is a cloud-based Project Portfolio Management (PPM) solution that provides a top-down view of your full portfolio of projects. With features such as real-time project management dashboards, resource management tools, easy-to-understand charts, and customizable scoring settings, Projectric enables you to quickly understand the status and impact of your projects so that your organization can function more efficiently.

An Overview of the Projectric Project Portfolio Management Solution

In a business landscape that demands transformation and innovation at a rapid pace, organizations must automate processes, maintain existing IT infrastructure and oversee the roll-out and migration of new systems – or risk falling behind the competition.

Managing Project Portfolios as an organizational asset requires much more than just a project management tool. You need to know more than just project status. To optimize your project management you need to know:

  • Which projects are in trouble?
  • What resources will be available when the next project starts?
  • How to evaluate prospective projects and prioritize based on the value to your organization
  • How to get a real-time portfolio health analysis via a comprehensive dashboard

Projectric, a cloud-based PPM solution, can answer these and many more Project Portfolio questions by identifying the right projects for approval, allocating and managing resources, and providing insight into these initiatives.

Benefits

The benefits of using Projectric for your Project Portfolio Management (PPM) solution include:

  • A secure, enterprise-ready PPM that delivers transparency and governance
  • Managing the IT portfolio like an investment
  • Proactive management of the portfolio
  • A focus on value and portfolio goals
  • Supporting stakeholders throughout the organization

Projectric Delivers Portfolio Intelligence

Portfolio Intelligence enables the transformation of project and program data into relevant, actionable information for making business decisions. Projectric delivers to key decision makers portfolio-level KPIs and metrics via dashboards and graphs, delivering unparalleled insight that assures your organization’s initiatives provide the transparency and governance necessary for your business to quickly adapt and succeed.

Scoring

Scoring enables your organization to focus on what projects and portfolios will deliver the maximum return on investment. To accomplish this, Projectric enables you to define scoring criteria, establish scoring weights, compare the various projects by their value to the organization, forecast the impact of your portfolio against strategic goals and to measure the actual impact. Scoring criteria should include strategic, financial, and risk categories. Once scoring is complete, your governance team can rank the projects and come to consensus on prioritizing them.

Dashboards

Projectric dashboards display real-time key performance indicators for all stakeholders. Using a dashboard, you can track overall performance and progress and highlight areas that need attention. Powerful reporting and graphical features provide transparency across the organization. Your dashboard might include:

  • Progress reports
  • Milestones
  • Key metrics
  • Task status for planning, design, development, and testing phases
  • Team status
  • Cost status
  • Resource allocation

Project Lifecycle

Portfolio Intelligence’s signature lifecycle and workflow process organizes and guides projects through a tracking and decision making process from initial idea to finished work. You can manage and track project initiation, planning, execution, and closure.

Project Tagging

With Projectric, you can easily add metadata tags to your projects to support analysis and reporting. These tags can, for example, link your projects to departments, geographical locations, and other assets to make reporting easier.

Cloud

It is simple to roll Projectric out. No installation necessary and it’s accessible to your team anywhere.

Notifications

Projectric offers automated messages that can alert you when significant events take place. You may want to set notifications for when when key milestones are met, or when timelines are slipping, or when important dates are imminent.

Real Time Portfolio “Health Analysis”

Many organizations use tools such as Excel to track the progress of projects. Projectric has features that enable you to quickly determine the health of your projects or portfolios.

Resource Tracking

Projectric provides insight into real-time resource utilization across all projects and programs in your portfolios.

Issue Tracking

Issues are flagged across your portfolios.

Drill Down

Projectric enables you to easily and quickly drill down to the phase, task, or milestone level of any project in the portfolio.

Security

Projectric enables128 bit SSL encryption to secure usage across the organization.

Summary

There it is—a list of ways Projectric can help your organization succeed.

Try a demo today, or read our definitive guide to best practices in Project Portfolio Management.

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    Portfolios, Programs and Projects are Essential to Managing Work

    Quick take:

    • Projects have a definite time-frame and are made up of tasks of finite duration to achieve a specific goal
    • Programs organize multiple related projects to meet strategic business objectives
    • Portfolios are collections of projects, programs, other smaller portfolios, and other planned activities that are managed to achieve strategic objectives

    These three management processes are crucial for effective project management, known as Project Portfolio Management (PPM).

    The 3 P’s

    Portfolios, Programs and Projects are known as the 3 P’s of project management. The following is a quick overview of the relationships between the 3 P’s.


    What is a project portfolio?

    Definition: A portfolio consists of projects created to meet an organization’s strategic goals. It is the top level of Project Portfolio Management systems.

    Details: These collections of projects can be established for an entire company or for a division within a larger organization.

    Need for PPM: Projectric provides a portfolio level solution that supports strategic alignment, transparency and governance.


    What is a program?

    Definition: A program is a group of related or similar projects managed in a coordinated fashion to achieve a strategic objective.

    Details: Program Management occurs at the program level. Program or Project Managers guide interrelated or interdependent projects as a group. The specific purpose of each project within a program should be defined and aligned with the goals of the program. A program can span years.

    Need for PPM: Because programs can span years, projects and people, optimizing resources among projects and reducing constraints across programs increases an organization’s performance.  This is Project Management.  


    What is a project?

    Definition: A project is a temporary endeavor undertaken to create a unique product, service or result.

    Details: A project is composed of tasks to achieve an end and is temporary—once a project’s objectives are realized, the project is delivered and closed.

    Need for PPM: Projects can be completed by teams dispersed around the world- this is where resource management from Project Portfolio Management software (like Projectric) becomes helpful.


    Examples of Portfolios, Programs, Projects Within Organizations

    Portfolio: University Facility Management

    Program: Going Green

    Projects:

    • Benchmark water and energy use
    • Build a “green wall” in the sciences library
    • Install new efficient air conditioning units
    • Install Building Automation software

    Learn how these customers—across many industries—use Projectric to manage their project portfolios:

    DeVry University

    Duro Bag Manufacturing

    Messer Construction


    Check out Projectric’s features.

    Request a Demo

    Request a Trial

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