State of the Industry: The Need for Decision-Centric PPM Solutions

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Category: Industry News
State of the Industry

Traditionally, project portfolio management (PPM) solutions have not fully addressed how to make complex decisions regarding the selection and management of projects, treating decision-making as an external process, when in reality, decision-making is a crucial part of investment planning. Decision making is required not only at the beginning, for project selection, but throughout the project lifecycle. Inclusion of decision making within project portfolio management is essential for managing risks, allocating resources, and terminating failed projects. Our solution, Definitive Pro®, presents a new approach. Definitive Pro® is a decision management platform that helps customers build consensus and make complex decisions regarding projects, while helping them manage their overall portfolio.

There are several trends that suggest a growing demand for more integrated, decision-centric PPM solutions. They are:

  • Increasing Complexity: Projects are becoming more complex, with multiple interdependencies and risks. In addition, public service organizations need to form partnerships with each other to better seize opportunities, effect change, and address needs of common concern. This increased complexity requires more sophisticated decision-making tools.
  • Higher Stakes: In today’s fast-paced business environment, the stakes are higher. Incorrect decisions can lead to missed opportunities, wasted resources, and competitive disadvantages.
  • Greater Focus on Strategy: There is an increasing recognition of the importance of aligning projects with strategic goals. A decision-centric investment planning solution can help ensure that decisions at all levels support these goals.
  • More Data: Organizations have access to more data than ever before, which can inform decision-making. However, tools to help manage and interpret this data are essential to utilizing data for success.
  • Digital Transformation: More industries are embracing digital transformation, which involves managing multiple complex projects and making critical decisions about which initiatives to pursue.
  • Remote Work and Collaboration: The shift towards remote work has made collaboration more challenging but also more important. Decision-centric investment planning tools can facilitate collaboration and build consensus among distributed teams.

Given these trends, the capabilities available within Definitive Pro® such as integration of decision management with investment planning, have and will continue to become increasingly in demand. By providing tools to build consensus and make complex decisions, Definitive Pro® can help organizations achieve their strategic goals and manage their projects more effectively.