Augeo : A solution for strategic management of projects

 

Strategic Management

Choosing the right projects

Successfully carrying out a project within its budget, time delay, and objectives is by itself only part of a sufficient measure of success.

Are current projects on which resources are being invested really adding value to the company? Are the projects aligned with the company’s strategy? Can we determine how much to invest in one project versus another, and are we willing to make those decisions?

It is vital that the company concentrates its efforts on achieving the desired objectives, and can specifically assess the trade offs between competing projects in terms of benefits, costs and potential risks. The implementation of a portfolio management process to select the greatest value investments for the company becomes key in contributing to the strategic interests of the company.

Project evaluation criteria differ within each organization as those that make the ultimate decisions have different needs regarding which projects will enter the portfolio. Tying in and describing in detail the specific links the strategy has to each project candidate, ensures that the organization chooses and focus its efforts on the right projects.

Augeo is a strategic management solution that formalizes the selection of projects and links them and the portfolio of projects to the organizations strategy.

Principal benefits

  • Compare and rank project applications in an objective and rational manner by formalizing the needs stipulated by the Client and their selection criteria.
  • Select only those projects that conform to the objectives and lie within the strategy of the company through the early identification of risks and benefits.
  • Quickly assess the feasibility of each new project with regard to its impact on current projects in terms of load and resource.
  • Mediate the impacts related to the difficulties of ongoing projects or new opportunities through synthetic dashboards and trend indicators ("weather report" type).
  • Make more efficient decisions using performance indicators (KPI-Key Performance Indicators) consistent with the priorities defined to ensure project alignment with business strategy.
  • Strengthen decision-making of company executives by offering a reliable view of the return on investment (ROI) of projects.
  • Analyze and communicate portfolio performance to all participants (Clients, Project Managers, shareholders, management, steering committee) with clear reports and graphs (scorecards, bubble diagrams)
  • Provide a continuously updated, reliable view of the feasibility in terms of resources or budget, based on requests made and projects in progress and at all levels (project, programme, service, department, company )

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