This is an exciting time for organizations embracing enterprise DevOps to streamline their application development and delivery. However, many organizations often neglect the fact that they need to invest an ample amount of time and effort in project planning and resource management to ensure they make the right project investments.
It becomes essential for an organization to co-run DevOps with Project Portfolio Management (PPM) for delivering successful application releases. Project portfolio management is the practice of collectively managing existing processes, ongoing or proposed projects, tools, and technologies for centralized governance across the organization. It helps program and project managers to analyze the current state of projects, streamline processes, optimize resources and cost, and deliver on set business goals.
Why Project Portfolio Management Matters
The need for having a project portfolio management strategy in place stems from the operational and strategic loopholes that impact value-driven business outcomes. Project and DevOps managers who breathe and live Agile still struggle to align project activities with business demands as they lack day-in, day-out visibility into their existing project portfolio. Both teams must share the common objective of process standardization and efficient application delivery.
Development and Operations teams should be able to focus on the code and application quality instead of worrying about governance activities that do not fall under their scope. Establishing a Project Management Office (PMO) allows DevOps teams to claim and deliver business-critical projects faster. Moreover, a well-implemented PPM strategy helps PMO executives overcome daily operational challenges by providing end-to-end visibility into ongoing projects, delivery progress, and resource utilization. This indeed enables stakeholders, managers, and individual contributors to:
- Outline project requirements
- Map out project delivery plan
- Prioritize projects in the portfolio
- Allocate resources
- Measure the overall project success
According to Gartner, “Approximately 60% of PMOs that focus on tactical operation are struggling to adopt enterprise digital changes.”
For effective and agile project portfolio management, project management leaders must integrate modern PPM capabilities into their current PMO roadmap to transform the project delivery process.
Leveraging a mature and viable PPM model aligns program/project leads with DevOps teams to collaborate and accurately plan on business priorities with practical timelines. Besides, the agile approach to PPM enables PMO to measure new application releases and improve the DevOps feedback loop before they move on to the next project plan. That’s how project portfolio management essentially fits into the DevOps chain for a shared responsibility towards business objectives.
How Micro Focus' Project and Portfolio Management (PPM) solution helps deliver business value
Micro Focus offers a robust Project and Portfolio Management solution that empowers PMO executives with advanced real-time monitoring and scheduling capabilities required to eliminate surprises or potential issues from the project proactively.
Outlined are the key features of Micro Focus PPM:
Valuable Data Insights and Real-time Visibility
According to Gartner, one of the critical challenges that PPM leaders must address is the lack of centralized visibility across the entire project portfolio, causing PMOs to underperform. Gartner states, “Possessed by a narrow focus on project schedule progress, PMOs fail to provide a more comprehensive portfolio view of resource allocations, expected value and strategic alignment.”
Micro Focus’ PPM solution not only gives a clear picture of business and customer requirements, but also provides insights into project investments. Its robust data portlets deliver real-time information on project progress, deliverables, and health. Program/project managers also get a detailed view of overall financial performance, including forecasted vs. actual costs for effective planning of project portfolio and budgets with a top-down or bottom-up approach.
Integrated project management, lean portfolio management, and process control to reduce cost and risk
With role-based dashboards and built-in portfolio monitoring capabilities, it becomes easier for PMOs and DevOps teams to collaborate and manage project requests, programs, inter-project dependencies, and more.
The platform enables PPM leaders and managers to review resource allocation, pending resource requests, budget overruns, and overflowing project schedules. This helps them to analyze associated risks and total cost of ownership (TCO) against failed projects to efficiently manage resource spills, optimize costs, and schedule multiple projects with controlled resource staffing from a single source of truth.
Defined workflows for process automation
The flexible workflow designer with drag-and-drop functionality allows PMO executives to create graphical workflows and define business policies for governance and compliance. PPM’s integrated modules further automate these processes end-to-end.
And not just that, Micro Focus’ PPM provides out-of-the-box integration with Agile tools to support project delivery of hybrid applications. It also helps organizations to build flexible test cycles with up to 50% faster velocity rate, thereby reducing the test provisioning cost by up to 85% per environment.
The complexity of running agile and continuous DevOps operations for multiple projects is ever-increasing. Project-driven companies must implement an enterprise agile-ready framework for efficient capacity planning, risk mitigation, development pipeline management, and annual cost reduction.
With Micro Focus’ comprehensive Project and Portfolio Management, enterprises can now reinvent and accelerate project delivery processes end-to-end. Explore more about the solution.
Project & Requirements Mgmt