Australian project services firm, PM-Partners group, has partnered with US-based Planview to offer a offer a enterprise portfolio management (EPM) solution to large enterprises in Australia.
"Large enterprises are typically their own worst enemies when it comes to successfully planning and executing projects," Director for PM-Partners group, Pete Swan, said. "Between 30 per cent and 55 per cent of enterprise projects continue to fail largely because of unnecessary business complexity and the fragmentation of business systems and processes."
Common project-related issues included wasted resources, escalating costs, a lack of visibility and strategic alignment, conflicting priorities and redundant projects.
Enterprise Portfolio Management (EPM) helps orchestrate an organisation's people, process and technology resources to select and deliver projects more effectively. Benefits include strategy to outcome visibility, effective resource management, business intelligence and decision support, and project collaboration, reporting and control.
While an EPM technology solution may promise a quick fix, deriving benefits require changes in people and processes as well as technology, Swan said.
"Hundreds of thousands of dollars are lost in poor or technically focused EPM deployments and inappropriate systems. They are basically automating chaos," he said.
At the very least, organisations need to establish a project management office (PMO).
Swan said PM-Partners group had 15 years PMO experience with large enterprises.
The Planview EPM technology solution combines integrated portfolio management with real-time analytics and reporting and automated process management. It supports Software-as-a-Service (SaaS) deployment.
"We are pleased that PM-Partners has chosen the Planview solution to augment its demonstrated capabilities in project management consulting, implementation services, change management, and education and certification," Planview Executive Vice-President of Global Operations, Jeff Durbin, said.
PM-Partners group previously maintained a vendor-agnostic position and will continue to support clients that choose their own EPM technology solutions. However, the project services firm was increasingly being asked to recommend, implement and support EPM solutions and made a strategic decision to specialise.