Daptiv Forecasts Top Predictions for Project Portfolio Management in 2012

 

SEATTLE, WA, Nov 29, 2011 (MARKETWIRE via COMTEX) —
Daptiv, the on-demand leader in project portfolio management
software, today announced its top five predictions for project
portfolio management in 2012. The role of the PMO has become more
critical than ever in supporting strategic business priorities.
Success depends on a combination of best practices, executive support
and tools that provide visibility into project and portfolio
execution.

Daptiv’s top five predictions are:

(1) Businesses adapt to the ‘New Normal’ of business uncertainty.

As we move into 2012, businesses are facing a new wave of uncertainty
and PMOs — a trusted advisor in the enterprise — must lead the way
to enable intelligent investments and cost optimization. This
requires PMO leaders to be part coach, part mentor, part facilitator,
and most of all lead with the right focus. Gartner states that by
2016, half of CIO new project spending should be directed towards
measurably improving enterprise financial conditions. This reinforces
the importance of PMO leaders to partner with and provide C-Level
executives with the right project intake process to pick investments
that will align with this strategic imperative.

(2) More Enterprise Project Management Offices (EPMOs) will be
incubated in IT.

Business disciplines such as strategic portfolio planning, project
selection and portfolio measurement that have been perfected in IT
will be expanded to prioritize and fund strategic initiatives that
span both business units and IT departments. CIOs that play an
important role in shaping business strategy, and that are
well-respected by the CEO, will now see the EPMO reporting to them,
rather than under the traditional reporting structure of the CEO, CFO
or COO.

(3) Discussion of “Project” and “Project Portfolio” gives way to
“Program,” “Product,” “Application,” and “Service.”

PPM tools are being more broadly used for managing business beyond
projects. In 2012, more organizations will take a holistic view of
their business by using PPM tools to manage end-to-end service
portfolios, product delivery, application lifecycle management, and
change management programs.

(4) PMOs will evolve from being tactical, support-based organizations
to become a strategic player within the enterprise.

To remain relevant, PMOs must prove their worth through integrated
planning, consistent metrics for performance, flexible and adaptable
methodology frameworks, and accountability for results. In exchange,
they will be seen as champions of increased productivity, visibility
and community support. Strategic PMOs garner strong organizational
support and implement best practices such as collaboration with PMO
training, consistent use of PPM tools across the enterprise,
portfolio management alignment and involving project managers with
the departments or groups they serve.

(5) Agile project management gains momentum.

In a recent survey completed by Forrester Research and Dr. Dobbs(1),
35 percent of respondents stated that agile most closely reflects
their development process, a number that increases to 45 percent if
you include other iterative approaches. The rise of agile development
practices is driving many benefits to organizations by creating a
culture of continuous feedback and a focus on delivering high quality
software that meets business needs. Although some executive concerns
exist around agile development, it should not deter PMOs and
executives from encouraging agile adoption in their organizations.
While agile methods may appear to clash with traditional project
management approaches, many organizations are benefiting from a
combined approach to achieve the best of both worlds. In 2012,
innovative PPM leaders will develop PPM frameworks that apply to both
agile and traditional projects to enable executives to get visibility
into project status, regardless of the delivery method.

About Daptiv
Founded in 1997, Daptiv is the leading provider of
on-demand Project Portfolio Management (PPM) solutions. Daptiv has
helped thousands of companies improve their strategic planning and
business execution by offering flexible PPM solutions and expert
professional services. Daptiv’s customers include world-class
organizations such as BASF, Chase Paymentech, Harvard University,
Honeywell, La Poste and Virgin Blue. For more information about
Daptiv’s PPM solutions, please visit
www.daptiv.com .

(1) Forrester/Dr. Dobbs Global Developer Technographics Survey, 2010

        Contact:
        Beth Mayer
        Barokas Public Relations
        206.264.8220
        Email Contact

SOURCE: Daptiv

Copyright 2011 Marketwire, Inc., All rights reserved.

Article source: http://www.marketwatch.com/story/daptiv-forecasts-top-predictions-for-project-portfolio-management-in-2012-2011-11-29

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