EPM Live 2012 Year in Review Rap!

Another year has come and gone, but 2012 was truly one for the record books! EPM Live is very excited to share our 2012 Year in Review!

Check out our 2012 Rap in Review video! Thanks for helping us make 2012 the best year yet!

The Team:

One of the best parts of working at EPM Live is being a part of the team! Here are a few highlights from our journey together through 2012. As the product grows so does the team, EPM Live hired 8 new employees last year! We supported the Fight Against Breast Cancer , we conquered the annual EPM Live CEO Birthday Bash and our Halloween spirit was unmatched at the EPM Live Boot Camp. Our employees are passionate about giving back to our community and organizations close to our hearts. Many EPM Live employees joined together throughout the year to help raise money and awareness for National Tay Sachs and Allied Diseases Organization in association with HOPE FOR GAVIN. To learn more about this rare disease please visit http://hopeforgavin.com/

2012 Accomplishments:

So many accomplishments, so little time! The training team successfully launched EPM Live University, one of the most unique online Learning Management Systems on the market today. The EPM Live Partner Certification program was kicked off and added as a learning course in the EPMLU. Our support team adopted desk.com to better provide resources and escalation processes. And finally EPM Live 4.3, next generation PPM Work Management Platform, was released driving the PPM industry to new heights. But that’s not all; EPM Live also released the industry’s first full solution app store for the PPM market.

Notable Industry Recognition:

EPM Live was recognized by Gartner Inc. as a “Challenger” in the 2012 Magic Quadrant for Cloud-based Project and Portfolio Management Services. As the only “Challenger” included in the research, EPM Live was singled out for our strong achievements as an online PPM vendor offering a robust solution flexible enough for every user in the organization. Gartner classifies “Challengers” as vendors who resemble Leaders in many ways, such as product depth and breadth but have recently embraced PPM SaaS as their main business model. EPM Live was also award the Next Generation Visionary Leader in IT Management by leading analyst firm Enterprise Management Associates (EMA) for our advancements in Integrated IT Management. EPM Live is one of the first organizations to answer directly to the Integrated IT Management issue with our IT Management application, ITEngine. ITEngine is a complete solution that allows organizations to manage all IT projects and work in a single, centralized system and is our direct response to the Integrated IT Portfolio Management issue.

Stakeholder Management – Eliminating the Risk of Project Failure

There are many reasons why a project could fail.  Many of those reasons can be directly related to stakeholder management.  What is a stakeholder?  The best way to define a stakeholder is to determine all resources that may be positively or negatively impacted by a project.  A stakeholder may also be an individual that has influence over the project.  Key stakeholders may include:

  • Project Manager
  • Sponsor
  • Team Members
  • Customers
  • 3rd Party Vendors
  • Business Entity
  • Individual Departments

Stakeholder management is not only important in the planning stages of a project, but throughout the entire project life cycle.  Let’s say that you want to implement a PPM system to your organization.  How do you determine who your stakeholders are?  It is absolutely critical to determine your stakeholders up front.  If you leave one out, you will most likely have to incorporate changes in requirements midstream which can lead to cost overruns and late delivery.  Some questions you may ask to help identify stakeholders could be:

Who is paying for the project?
Who will be leading the project?
Who will the project impact?
Who will be using the PPM system?  In this case, who is the customer?
What resources will you most likely need on the project and who leads those resources?
What data outputs will the PPM system produce and who would be interested in that data?

Once all stakeholders are determined, you must gather ALL of their requirements.  This process takes time.  Every requirement must be gathered up front before the work begins.  If requirements are missed, change to the plan will be unavoidable and the repercussions will inevitably impact your schedule, cost, resources and/or quality.  Because you cannot always guarantee that all requirements will be accounted for up front, you must ensure a proper change management, risks and issues process is in place to better mitigate the impact of such changes.  Asking the right questions is key to ensuring all requirements have been documented and signed off on.  Find out how stakeholders do their jobs today and ensure that the tool will allow them to follow the same processes that work today tomorrow and address the areas that need improvement in later stages of the project.  Too much functionality can lead to poor user adoption. 

The next step, manage expectations.  First of all you must ensure that everyone is working toward the same goal.  What expectations do your stakeholders have regarding the proposed project.  How do they think the project will impact them or their team.  Maybe they assume that after implementing the new PPM system, other systems in use currently will be retired.  Assumptions aren’t good, make sure you identify all expectations so that they can be managed and controlled throughout the project. 

Communicate, communicate, communicate!!!  How is the project going?  Have you identified risks?  Are some of the requirements impossible to implement?  Information must be shared and communicated to all stakeholders throughout the life of the project.  Upfront communication will prevent rework and costly changes to the project.  Use a project management tool that has strong collaboration features.  Ensure that stakeholders have a strong influence over requirements upfront but manage their influence as the project proceeds to prevent constant changes and rework. 

In conclusion, stakeholder management can make or break a project.  Make sure you identify stakeholders and their requirements upfront before the project begins execution.  As the project commences make sure you involve all stakeholders in lessons learned activities.  For more information on stakeholder management, please see white paper “PPM for the Enterprise- Whose System is it Anyway“. 

Improve Resource Management Maturity in 2013 – An EPM Live Analysis

When it comes to resource management, many organizations struggle to understand their resource planning maturity level and try to run before they learn to walk. EPM Live’s flexible resource management capabilities can lead you down the path to success, but like most processes, resource management requires a series of stepping stones; it’s a learning curve. Typically organizations’ resource management skills fall into one of three stages. The beginner stage is the basics, defining high level project roles and staffing them. The intermediate stage consists of assigning the right resources to projects based on capacity and skill set. Lastly, in the advanced level of resource management, organizations are able to move focus from individuals to teams, aiming to improve project velocity and project quality.

According to Gartner Inc. 54% of all organizations still need to learn the basics of resource management. To most organizations resource management is an emerging discipline; they have some defined project-oriented roles and processes, but need to work towards an overall strategic plan. Once the organization is successfully staffing resources to prioritized projects, resource managers can begin to evaluate taking the next steps to further their resource planning skills.

With some foundational steps defined, resource managers are ready to move up to the next level. The intermediate stage of resource management consists of matching the right resources with the right projects. This approach pays greater attention to the individual resources, their capabilities, skills and domain expertise — with the goal of proactively managing balance between the demand and supply.

Taking Resource Management to the Next Level

Here are a few key processes for improving resource management:

  • Analyze your successful experience with basic resource capacity planning. Create a compelling value proposition justifying the move to a more disciplined level of resource management.
  • Know your resources’ capacity and skill sets. Resource capacity planning should move from projects vs. resources to focusing on matching projects with individual skill level.
  • Standardize project management for a clear understanding of demand for project resources. Proactively understand resource supply and demand. Use a forward thinking mentality and know that project plans change often pulling resources to unplanned tasks and work, throwing-off future planning.
  • Leverage a PPM tool for better planning of resource workload to ensure proper placement, expertise and efficiency.
  • Create a meaningful implementation game plan. Most initiatives involving IT neglect to address human concern. For most employees the move to strategic resource management is a major change. Create meaningful documentation about the new resource plan and its benefits.

Take Resource Management from Good to Great with the EPM Live Platform

EPM Live’s PPM and Work Management Platform provides organizations all the tools they need to successfully manage and allocate resources. Leverage resource capacity planning tools to help you estimate role-based resource hours to ensure the resource plan can be fulfilled. Create resource requirements and compare resource availability to identify both resource shortages and surplus. Define resource plans for proposed projects and work and analyze the plans against current resource capacity. Leverage intuitive color-coded heat maps to view over allocations. Easily modify dates and sequencing to define the most optimal portfolio. Use EPM Live’s Resource Analyzer to view resource workload across all work. View resource availability by time-phase; perform what-if analysis on resource workload and availability by leveraging drag and drop functionality, and group resources by attributes such as department, skill and role.

Check out this free webinar recording to learn more about EPM Live’s resource management capabilities, “Lower Costs and Increase ROI with Strategic Resource Planning.”

EPM Live Transforms PPM Cloud: EPM Live's Answer to Integrated IT Portfolio Analysis

In today’s day and age, we have a plethora of smart software at our fingertips designed to streamline organizational components, align strategic goals and create automated processes. 

CLICK HERE TO DOWNLOAD THE GARTNER REPORT

With that said industry experts are raising the issue of the lack of a single data-sharing platform that would allow business managers and executives to unify disparate financial, project, and operational data to collaborate effectively ado achieve the highest ROI. Specifically IT organizations are confronted with this challenge; is Integrated IT Portfolio analysis (IIPA) is the answer?

There are many benefits to implementing IIPA, it’s designed to help facilitate automated processes for one or many functional silos. IIPA gives department managers the tools to provide accurate information to stakeholders and executives so they can understand the current state of each department, allowing executives to make better strategic decisions and plan for increased business growth.

The capabilities of IIPA are desirable for businesses who view their IT function as a critical strategic component of the business.  IT can enable or cripple the ability to deliver projects and services to market and generate revenue.

IIPA is also for organizations that build products as the IT department serves as its core and requires regular technical changes to underlying components. IIPA can help these types of companies maintain and integrate the respective IT portfolio views required to fully understand and analyze the IT function before changes are made to it, reducing time, cost and risk.

Additionally, if you characterize your business as mainly operational, and IT is not typically viewed as strategic to your business’ success, IIPA will help you identify opportunities to modernize the IT function and reduce underlying IT overhead costs. Cost optimization is one universal benefit of practicing IIPA, but the additional use of IIPA to analyze IT change from a strategic perspective is a more powerful and compelling capability. 

In our newsletter featuring Gartner research, EPM Live presents our answer to IIPA with our latest product release, EPM Live 4.3 – a PPM Work Management Platform. Instead of your typical single solution software, EPM Live has created a platform that supports multiple business verticals with cutting-edge build-to-order technology that extends Project Portfolio Management to all areas of the enterprise regardless of work focus.  EPM Live brings all work together for true IIPA including project, products, applications and services. 

EPM Live’s App Marketplace, allows organizations to add on additional line of business (LOB) applications with a simple click of a button without the need for another platform investments. This allows organizations to build on their PPM solutions at their own pace to bring truly integrated work solutions to every team in the business including Sales, Operations, Application Teams, Product Development Teams, Service Teams and PMOs.   

EPM Live apps come in many forms:

  • Single Apps-  Add a specific feature to your PPM and work management environment such as timesheets
  • Bundled Apps- Add multiple features/apps such as service requests that include a service request planner and service request task list
  • Site Apps- Add full solution apps (LOB apps) that include all the tools, disciplines and methodology you need to manage a specific type of work for a specific area of business including Sales, Operations, Application Teams, Product Development Teams, Service Teams and PMOs
  • Add On Apps- Add 3rd party apps from trusted EPM Live partners to add even more functionality to your EPM Live environment such as Newsgator, Yammer, HelpDesk OSP, SharePlus, Microsoft Project Professional, etc.

Watch the video to see how the App Marketplace can help you extend PPM across your organization. 

To get more information on EPM Live’s award winning technology:

Is PPM Right for You? – Download EPM Live's Free PPM Buyer's Guide

Project Portfolio Management (PPM) is the key element to give your business a competitive edge in today’s market. PPM allows business executives to streamline, manage and govern critical business initiatives. Particularly in the past couple of years PPM solutions have evolved their capabilities, enticing many organizations to re-evaluate their business processes and look for one centralized solution to connect all the disparate silos within the organization.

Business leaders are identifying their struggles to gain a clearer picture into their portfolio investments. Visibility is just the beginning; without a clear understanding of how the business is performing overall based on the metrics provided, leaders are unable to make key business decisions that could result in greater business value. This is why many business leaders are making the move to Project Portfolio Management (PPM).

Project Portfolio Management (PPM) by definition is a set of business practices that bring projects together into tight integration with other business operations synchronizing strategies, resources and executive oversight. PPM provides the structure and processes for project portfolio governance.

We have all heard the expression “do more with less.” This expression has become a required discipline in the project portfolio management (PPM) market. Economic conditions have greatly intensified the need to ensure that every initiative is performing to expectations, is bringing optimal value, and tightly aligns with business strategy to ensure competitive advantage. 

Some concerns that business leaders have when evaluating PPM software are there complexities. Many organizations believe they are not mature enough to implement PPM. Harvey Levine explained in his recent PPM briefing blog series saying, “If your firm has perhaps a half-dozen projects, and has to deal with selecting and prioritizing among multiple requests for investments and resources, you will surely benefit from PPM.” “This is not an issue of maturity. It is simply a question of ‘why are you doing projects?’” A good PPM solution will offer a robust tool but should be scalable to meet the needs of the entire organization and maturity levels increasing user adoption and overall success of your PPM investment.

So how do you know if implementing a PPM system is right for you?   Read through the EPM Live PPM Buyers Guide for more information.

EPM Live Transforms the Future of PPM Work Management- Introducing EPM Live 4.3

EPM Live is proud to unveil the future of PPM Work Management…….EPM Live 4.3  You have patiently waited and the time is now, the future is here!  We have all heard the term “Work Management” in the space for quite some time but once you dig into it a bit further, most vendors who have promised Work Management to organizations can only come through with new task types that are labeled after various types of work found in organizations today.  The truth is Work Management is much more than a task type, it’s work that affects your bottom line and in turn assumes resources, costs and time.  For that reason, EPM Live is the true Work Management platform that brings all this work together into one system.   This work is just as valuable as project tasks and requires the same disciplines to manage it.  Click here for the latest news on the 4.3 release!

EPM Live transforms the way organizations manage this work by applying key disciplines based on the area of work focus.   For example, if you have Service Management Requests, you will most likely have a process that surrounds them.  Assignments, reports, SLAs, work logs, workflows, and customer collaboration functionality must be introduced.  EPM Live brings the entire infrastructure of how Service Management Requests are handled within your EPM Live environment.  It’s not a task type, it’s a new line of business.  A new line of business that can be built, without coding, by your own resources, right on top of your PPM solution.  Now, image that power at your own fingertips including all the work found in most organizations today; the time for change is now.

EPM Live 4.3 is nothing short of a revolutionary movement.  This release is a game changer for the PPM Work Management industry for many reasons:

  • EPM Live officially transforms the way organizations manage projects and work by bringing all work efforts together on one platform without the need for integration. Imagine having one system for applications, services, projects and other work so your resources can focus on getting the work done and not tracking the work in multiple line of business (LOB) systems.
 
  • EPM Live is the first build to order PPM Work Management platform that allows organizations to build their own customized Work Management solution by adding and adopting functionality as they need it without the need for coding or additional consulting fees. Imagine the various needs you may have had to date to add various types of work to your PPM system such as service requests, timesheets, bug lists, etc.  Now you can, and with one click of a button!  Add it as you need it!
 
  • EPM Live is the first to bring the power of complete, integrated Work Management Apps to your Project, Portfolio and Work Management solutions.  EPM Live’s App Marketplace brings competitive advantage to all organizations by allowing them to efficiently and cost effectively bring PPM disciplines to every aspect of their business.  Build it as you need it and enjoy it for FREE, just because you are an EPM Live customer.  Imagine downloading functionality that may typically come with a price tag of 200 additional dollars per user and have it automatically integrate into your current PPM Work Management platform within seconds.  Sounds pretty amazing to me!
  • In addition to the above, EPM Live has many more new enhancements and features that make our daily workload easier to manage.  From new scheduling tools, to enhanced user community tools, to additional reporting options, to many more feature improvements, EPM Live is a powerful platform you will not want to go without any longer.  Try it Now for Free!

Contact us now and find out why industry analysts everywhere are raving about EPM Live and it’s vision to change PPM Work Management forever!

 

Create Powerful PPM Metrics – EPM Live Can Help!

Every project an organization initiates needs to prove its value in order to be considered a good investment.  Often employees and organizational departments are evaluated in the same manor. As a project manager the task of showing executives and stakeholders metrics that are useful and meaningful can often be a daunting one. Metrics from the project management office (PMO) should demonstrate more than just a measurement of project milestones they should provide senior management with a gauge of the actual effectiveness of the PMO operation and serve as a tool for better stakeholder communications.

Good metrics are used to prove the value of current projects, past projects and future projects. They prove PMO value and inform executives with meaningful accurate information. However there are some concerns when it comes to presenting metrics. Even though they can be well intended they can fall short to reflect any worthwhile connection with the overall objectives of the enterprise or shareholder values, the presenter could choose metrics that are easy to obtain rather than be accurate or relect purposeful data often resulting in meaningless information to business leaders. And sometimes the selected metrics don’t identify or clarify issues that are driving current performance.

So next time you go to pull metrics to present to business leaders keep these 6 key steps in mind for powerful analysis of PMO metrics:  

1. Know your audience. You’ve heard that saying many times before and in this case it’s an important note. Define who you’re concerned parties for the initiative are so you are able to successfully demonstrate the purpose and objective values. 

2. What is the senior management buy-in? For metrics to be effective and useful, they must have a senior management buy-in. It’s important that the presenter ensure that top-level executives have some investment in the metric. Make it short, sweet and to the point. And make sure your goals are factored into the presentation so you are able to make your case for funding and proper resources to ensure the initiative is carried through to its optimal conclusion. Paint the picture for them; articulate the anticipated outcomes in management language, not “IT-talk”. Plus once you land one senior manager you will probably be met with less resistance up and down the management chain.

3. Properly assign sufficient resources to collect, analyze and react to metrics. They are of no value if no one has the time or inclination to collect them.

4. Show sufficient training and education is available for resources involved. Many times everyone assumes that training and education are of second nature and a built-in part of the initiative which can result in a lack of ownership of the project and inhibit optimal results.

5. Ensure there is a set of organizational standards for approach to PMO measures and metrics. If there is no overall methodology consistency different individuals could choose whatever approach portrays the most favorable results for them. This ensures that all measures are looked at and talked about in a similar language.

6. Keep metric definitions simple and open to external comparisons. Organizations that hit the highest project achievement levels and have the highest leadership support behind their various metrics and initiatives are those that are able to present simple metrics and include external comparisons. External comparisons allow the presenter to show some level of objectivity in their metrics.

One last note is to keep in mind if your not accurately tracking your metrics then all of the above will that much more difficult to achieve and present to your business leaders and your first order of business should be to petition for a Enterprise Project Portfolio Management tool that will harbor all the metrics you need with added reporting features to increase value to your presentations and over all quality to your projects. Leveraging a quality PPM tool gives you a competitive advantage with your project planning, execution, resource management, time management, cost management and reporting. EPM Live offers a Free Trial of our Project Software, click here for more information.

EPM Live PPM Briefing Series #4: Establishing the PPM Selection Criteria

In today’s post of EPM Live’s PPM Briefing Series, Harvey Levine speaks more to the selection process of project portfolio management and how to avoid project failure. 

The ranking and selection of projects necessitates the creation of a set of evaluation criteria. Without this, the process can easily become subjective, rather than objective, and the entire foundation of PPM falls apart. The entire idea is to promote a logical and orderly basis for selection, removing the personal biases that often permeate the process. All too often, a project gets into the system and is approved based on a chance meeting of a couple of people at the water cooler. One of them has an idea. The other, a management-level person, thinks it’s a great idea, and, boom, it‘s a project. No proposal. No business case. Takes resources away from more important projects. Guaranteed failure. This is what we are trying to avoid with PPM and it works.

The selection criteria represent a measurable expression of the goals of the portfolio. The criteria should be organized along the lines of the PPM triple constraint, with divisions for strategic alignment, benefits (value/risk), and resource impact. The best expression of criteria would provide a descriptive narrative for each criterion item, a range of values (with a description of each) and a weight factor defining the relative importance of each criterion.

In practice, the proposed projects are first scored on a pass/fail basis. That is; a pass rating allows the project to be put in a hopper of qualified projects, which would later be ranked or prioritized using the criteria and weight factors. A pass rating signifies that the proposed project meets the minimum requirements for supporting and balancing the strategic, benefits, and resource demand elements of the criteria.

In the ongoing process of PPM, the criteria are updated in conjunction with the periodic update of the strategic and tactical plans, and are published to those involved in the project proposal and selection process.

Just what is it that gets evaluated against the selection criteria? In most situations, the project sponsor should prepare a business case. To allow a rational evaluation, the business case should address each of the criteria areas. This motivates the sponsor to ask some hard questions – questions that are often pushed aside until commitments are already made and money is down the drain.

As originally conceived, the evaluation process starts with the review of a proposed project against the published criteria. In practice, I found that a significant portion of proposed projects were so “off-the-wall” as to be quickly get tossed in the “fail” bucket. What a waste this is! Who knows how many hours were put into a non-qualified project proposal, especially if a full business case was prepared? Now, here’s where the published criteria earns its keep.

I recommend a “pre-proposal” phase. The project sponsor, working with the published criteria, performs a self-appraisal of the proposal against the criteria. This is done using early-stage, rough data, prior to investing in a full-blown business case. If the sponsor is being objective and honest, the proposal can be scrapped if it is way out of line with the criteria, or tweaked to be more in line with the alignment and benefits expected. If the preliminary proposal is passed on to the review team, it can be evaluated and either denied or approved for the purpose of investing in building the full business case.

Here is a graphic view of how the process works:

  • Project Screening & Ranking – Step 1

When a sponsor proposes a project it gets reviewed against increasingly expanding criteria. If the proposed project is to be considered it is initially checked against published strategies and available (critical) resources. If the proposal “qualifies” a business case is prepared for the next level of review.

 

 

  • Project Screening & Ranking – Step 2

The business case defines all aspects of the project. It demonstrates how it supports strategic and tactical initiatives. It calculates expected ROI. It modifies ROI based risks. It expresses the “value” of the project. It outlines impacts on resources. 

 

 

  • Project Screening & Ranking – Step 3
  1. The PPM administrator in the Project Management Office (PMO) applies ranking criteria to establish priorities along all proposed projects. 
  2. Based on the priorities and the available skills and resources, top-down trial allocations are made. Preferred, high-value projects are allocated available resources until the capacity limits are reached.
By mandating structured data models, for the business case and the value calculations, all of the data can be entered into the PPM software system in a consistent manner. The robust PPM system provides clear pictures of resource impacts and supports real-time, what-if analysis.
______________________________________________________________________________________________
Harvey A. Levine, with 50 years of service to the project management industry, is a pioneer in the field of Project Portfolio Management (PPM). Mr. Levine is the author of three books, and over 275 articles, whitepapers and videos on Project Management. His 2002 book, “Practical Project Management: Tips, Tactics, and Tools”, is still available from John Wiley & Sons. Mr. Levine’s 2005 book, “Project Portfolio Management, A Practical Guide to Selecting Projects, Managing Portfolios, and Maximizing Benefits”, Jossey-Bass, is a Wiley best-seller. Mr. Levine is past president and chair of the Project Management Institute (PMI®) and a PMI Fellow. For more information on Harvey please visit http://theprojectknowledgegroup.sharepoint.com.  

 

 

 


Gartner Positions EPM Live in SaaS PPM 2012 Magic Quadrant

Gartner Inc., a global leading information technology research and advisory company recently released their much anticipated 2012 Magic Quadrant for Cloud-based Project and Portfolio Management Services outlining the best online PPM solutions on the market today. In the report, which places EPM Live as the only challenger in the Cloud-based Project and Portfolio Management Services space, they explain the direction of the market and offer up reasons why an organization would want to make the switch to a SaaS provider.

EPM Live’s SaaS-based PPM software is able to support both types of Gartner defined customers, project execution level and project portfolio level.  EPM Live also specializes in supporting all departments and verticals such as IT, Project Portfolio Management, New Product Development, Application Lifecycle Management, Professional Services Automation, etc.  EPM Live’s numerous integrations allow organizations to bring all work into one centralized location for overall visibility and insight. 

According to Gartner, vendors recognized as “challengers” in this Magic Quadrant, “resemble Leaders in many ways, such as product depth and breadth — combined with enough experienced product development, sales and marketing personnel to effectively reach and meet the needs of the market.” Gartner goes on to say that the same characteristics that apply for Leaders can be applied to Challengers. “Challengers, however, appear as such mainly because they may have recently embraced PPM SaaS as their main business model, or that model and general practice, although the focal point going forward, has not eclipsed their other business models, which may include a history in on-premises and/or hosted PPM software implementations.”

 

 

 

 

 

 

 

 

 

 

 

Supporting the challenger diagnosis, EPM Live CEO Joe Larscheid states “Although SaaS has taken the market by storm and will continue to be the front runner in modern PPM deployments, EPM Live will continue to hold its position as the leading Microsoft SharePoint-based PPM on-premise software on the market as well, allowing us to support both markets and giving our customers the flexibility and deployment options they need to make them successful.  We believe the fact that we are recognized for both SaaS and On-Premise software is a true affirmation of our vision and intent to meet the needs of a rapidly growing and changing market.” 

Gartner explains in the report, “Cloud, a style of computing in which scalable IT-enabled capabilities are delivered as a service to external customers using Internet technologies, enables rapid deployment of solutions anytime and anywhere. SaaS is software-owned, delivered and managed remotely by one or more providers. It enables rapid delivery of PPM solutions that balance standardization and configurability. To balance the need for standardization and configurability, these service providers tend to provide their offerings as cloud-native (designed initially for the cloud) or cloud-optimized (whereby the underlying software has been refactored or redesigned for cloud use). These lighter-weight offerings provide the core functionality desired by mainstream PPM leaders, and have evolved as cloud-based PPM services. These services have rapid time to value, and minimize financial commitment and risk. Strong demand for these solutions will persist for at least another year.”

 There are many reasons why an organization would want to move their business to a SaaS solution, I analyzed many of them in my previous article, “The Long Term Value of SaaS PPM Applications – An EPM Live Analysis,” and below you find a few of those previous mentioned as well as those supported by Gartner in the latest report. 

  1. Time to market- A PPM solution is needed now (less than 30 days) for process automation, reporting and standardization. 
  2. Minimal customization needed- At the current time of implementation, heavy customization is not required and in depth integrations are not necessary to receive ROI out of the toolset. 
  3. On premise functionality is not required now or in the future.
  4. Security- The security levels that can be met by an online application meets the security needs of the organization. 
  5. Limited funding- Most SaaS software can be obtained for much less than an on-premise model.  Cost models for SaaS are typically based on monthly payments and require less upfront fees, no internal infrastructure costs and less resources.
  6. Low organizational maturity- The organizational maturity level may be low which means that comprehensive and complex functionality could overwhelm your users.  SaaS will allow you to adopt the functionality you are ready for immediately and grow as your organization matures. 
  7. Limited users- SaaS is a great option for small organizations that need 50 licenses or less.  With EPM Live, the license model is such that large organizations can take advantage of the SaaS offering as well and still reap the benefits.
  8. Low cost, low risk POC (proof of concept)- Many organizations don’t have a lot of funding upfront and are hesitant to dump their funds into a POC that will consume their budgets.  SaaS is a perfect option that allows you to get up and running now online with little or no upfront costs.  

EPM Live’s online PPM solution aligns directly with many of the proposed SaaS qualification points. EPM Live understands there are many levels of users across an organization and those users have different work, different processes and different PPM maturity alignment. We have successfully completed implementations for large organizations which increased user adoptability within the business. EPM Live allows organizations the ability to define and enforce Enterprise requirements while allowing individual teams the ability to customize their solution to work the way they work, ultimately increasing ownership and adoption of PPM technology. EPM Live is flexible, easily configurable and gets your organization the best price value. EPM Live specializes in bringing all work into one centralized platform so there is less of a need to use segregated tools within the enterprise. EPM Live offers a free 30-day trial of our online Project Portfolio Management solution, so get started today! 

EPM Live’s Project Portfolio Management Software Praised by Analysts

Here at EPM Live we work hard to ensure that our software is the best, that our prices are the most reasonable and that our customers are the happiest. We work hard so our customers can be successful! Check out our most recent software review! Independent analysts from GetApp.com recently reviewed EPM Live’s Project Portfolio Management Software and praised EPM Live for our core competencies.

The analysts have identified three core competencies that make EPM Live stand out in the industry:

  1. EPM Live’s project management software is suitable for small through enterprise-sized businesses thanks to the availability of three editions that cater to each organizational size and factor in their varying complexities: ProjectEngine, WorkEngine and PortfolioEngine.
  2. EPM Live is unique in its capacity to accommodate organizations that do not follow or understand true project management methodology as the software itself provides the structure, methodology and best practices, whilst allowing strict PMI (Project Management Institute) adherence for regulatory compliance for larger organizations and government service.
  3. EPM Live is releasing an App Marketplace where EPM Live offers customers the ability to download additional solution templates, work features, integration solutions, partner add ins, customizations and connectors.

The EPM Live PPM Solution is a perfect balance of scheduling options, project management best practices, collaboration tools and reporting and provides a simple, yet powerful solution. EPM Live is available online and is Microsoft SharePoint-based, and seamlessly integrates with other business productivity tools such as Microsoft Project, Outlook and Excel.

Read the full review here!