What is Kovair Project Portfolio Management
Kovair PPM is a one stop solution that provides a unified platform to manage budget, schedule, resources, and actuals through a single interface. Kovair PPM deliver greater value to the organization by connecting planning to execution. It enables IT leaders to optimize their project portfolios, manage the capacity of resources against the demands raised from different projects, and connects plans and resources to the actual project execution. Using Kovair PPM, organizations can define strategic initiatives to portfolio to projects to their outcomes. It allows to define strategic initiatives, choose the relevant projects for execution, provide deeper insights into development, projects and programs by generating EVMs at all levels, providing valuable inputs to the management, enabling them in making data-oriented decisions.
Download Project and Portfolio Management brochure to get an overview of Kovair offerings
Kovair ALM Studio – Support for 3 Aspects of Project Portfolio Management – PPM
Key Highlights of Kovair PPM
- Prioritize projects to achieve business strategies
- Obtain multi-level approval through task-based workflow
- Define your own portfolio hierarchy with simple mouse clicks over a web-based interface
- Gain visibility and manage resources across the entire portfolio through capacity planning
- Allocate right resources are working on right projects on right time based on demand raised from multiple projects
- Gain complete visibility to project progress on schedule, cost and resource utilization
Program and Portfolio Management
Align your programs with organization strategies. Use program management module to define delivery timeframes, key milestones, release dates, and communicate across the organization. Define the initial budgeted cost, benefits and then adjust them based on the bottom-up project actuals. Some key capabilities of this module are:
- Program planning
- Tracking program timeline
- Defining the budget for the program
- Tracking the budget based on actuals
- Prioritizing projects to keep the program aligned with business strategy
Capacity Planning, Demand & Resource Management
Proper allocation of resources is a key factor for success of any organization as it helps organizations to maximize the time and value of resources. Kovair PPM comes with built-in resource forecasting capability based on the project plans created by the managers.
Users can track their times in Kovair using the timesheet module of Kovair. Once they capture their times, the actuals can be viewed against the planned hours and resource productivity as well as any delay can be seen in a real-time manner.
Managing Project Ideas & Proposals
For each program in an organization, there floats multiple project ideas for building the project pipeline and satisfy customer needs. Kovair’s PPM provides an intuitive and collaborative platform to capture and manage different ideas and the process for taking it to the actual projects.
The idea and proposal management piece of Kovair allows organizations to capture different project ideas from different stakeholders. Once these ideas are captured, Kovair’s PPM allows organizations to take all submitted Ideas through a Task based workflow for approval by the respective reviewers and collecting feedback. Approved Ideas can be assigned to specific Portfolios by evaluating and aligning its objectives with the strategic initiatives of the Portfolios.
Once an idea gets approved, proposals can be created against the idea along with resource and budget requirements.
With respect to an Idea, prepare a Proposal with high level scope definition, resource requirements and cost estimates about the Project without scheduling out a detailed project plan. All submitted Proposals are routed through a Task based workflow for approval by the reviewers from five different aspects – Technical, Economical, Legal, Operational and Schedule. Each of the groups evaluate the Proposal from their perspective and provide their individual approval and feedback. Studying all inputs, the Portfolio manager finally provides his approval.
Ensure PMO Success
Kovair PPM comes with Integrated Project Management capabilities ensuring PMO Success. Starting from project initiation to project closure, all the activities can be managed using Kovair PPM. Organizations can track project performances using EVM metrics and roll it up to the program level for better analysis of program health.
Some key capabilities of Kovair PPM on project management includes:
- Collaborative environment
- Task-Based workflow for better governance
- Capturing and managing different risks related to the projects
- Mouse-click configurable platform enabling execution of projects using different methodologies like
- Agile – Kanban
- Agile – Scrum