openPR Logo
Press release

myPARM voted best product in Project Portfolio Management (PPM)

03-06-2017 03:30 PM CET | IT, New Media & Software

Press release from: PARM

Project Portfolio Management myPARM

Project Portfolio Management myPARM

At the third PPM Praxis Test held in Zurich on 23 November 2016, myPARM was voted the most successful Swiss product, coming out on top against major players such as CA PPM, MS Project and seven other products from the DACH region.

PPM tools are powerful instruments designed to support organisations in as many areas of project portfolio management as possible. Managers want to be able to draw strategic conclusions in a quick and clear manner using a PPM tool, while portfolio managers use the tools to display project information so that the portfolio can be planned as well as possible and developments are clearly visible. Finally, project managers require the use of these tools to ensure optimal project management.
This time around, CSP AG (the organiser of the Swiss PPM Praxis Test 2016) focused on the PPM Cockpit. Based on 50 criteria, 10 carefully evaluated software tools from the three perspectives of management, portfolio management and project management were assessed and compared against one another, with practical and individual ratings by participants taken into account. In total, 185 ratings were submitted that detailed the strengths and weaknesses of the selected solutions. The participants came from the services (25%), public administration (25%), healthcare (20%), industry and trade (15%) and consultancy (15%) sectors.

The criteria for assessment were split into three distinct categories:

Management Cockpit (15 criteria)
In strategic resource management, PPM tools can provide support with regard to prioritising projects, strategic capacity planning, portfolio scenario design and, finally, defining an optimal portfolio road map both in terms of strategy and capacity.
myPARM impressed in this category, in particular for criteria concerning the adept prioritisation of the portfolio or its projects (e.g. criteria weighting; graphic of versions on the time axis).

PPM Cockpit (15 criteria)
As a rule, resources are required for different projects at the same time. PPM tools support operational resource management in skills-oriented planning, resource and cost planning, allocation of resources, performance and cost analyses, and detailed task management.
myPARM scored very highly in this category. The integrated risk management, resource planning and allocation, and the flexible, weighted portfolio analysis received special praise.

Project Cockpit (15 criteria)
The results of resource management in strategic and operational areas support risk management, conflict management and project portfolio management resource controls through the performance of relevant evaluations.
myPARM also took the top spot in this category, with the project KPIs – visually represented and calculated online – having a strong impact on the participants.

Alongside these functional criteria, participants also had to assess five general criteria: standard version, configurability (without the provider), customisation by the provider, sales and operational model, and technical integration.
myPARM was also singled out as the best product for several criteria in this category.

Overall, myPARM was voted a first-class, all-round package that scored highly and well above average from all three perspectives.
The full report on the PPM Praxis Test 2016 by CSP AG can be ordered directly via the CSP website.
http://www.csp-ag.ch/en/instant-benefit/cspstudy/ppm-tools-practical-test-2013.html

Further information of the product can be found via the parm website:
http://www.parm.com/htm/689/en/Leadership.htm#PortfolioManagement

Foundation: 1996
Employees: 30 university graduates
Offer: Consulting, training, software along the topics strategic leadership, project-, portfolio-, quality- and risk management
Focus: Service providers, mechanical engineering, production
Industries: Engineering, Consulting, IT, Pharma, Construction, Telecommunication, Health Care, Public organisations, NGOs, etc.

The web-based software is used by over 16,000 users in 38 countries, and covers all important subject areas from formulating the company vision to calculating project-related expenditure.

An overview of the most important functions of the myPARM software: strategy map; balanced scorecard; portfolio and programme management; multi-project management with GANTT, WBS, budgeting, resource allocation, time recording, invoicing, early warning system, risk and opportunity management, lessons learned etc. The software comes with integrated tools that support communication within the teams.

In order to help our customers progress, our specialist staff (IPMA Level A, PRINCE2, CMMI, PMBoK etc.) offer practical and scientific consultations as well as training in accordance with your individual needs.

PARM AG
Scheffelstrasse 3
9000 St.Gallen
Schweiz

http://www.parm.com
info@parm.com
+41712431000

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release myPARM voted best product in Project Portfolio Management (PPM) here

News-ID: 457898 • Views: 416

More Releases from PARM

Parm Ltd. and Finnish company Silverbucket Oy form strategic partnership
Two market leaders in project management software, the Finnish company Silverbucket Oy and St. Gallen-based parm ltd. (myPARM Software Suite) have decided to join forces on the German-speaking market in the area of project resource management. The thinking behind the collaboration is that differentiated and relevant use can only be achieved for customers by providing the best integrated components on the market (Best of Breed). Resource management requirements vary depending
myPARM on the podium at the Project Portfolio Management (PPM) Praxis Test
Project portfolio management entails the analysis and higher-level execution of a project portfolio based on the project's key properties. The aim of project portfolio management is to find an optimal project balance according to the conditions provided (such as customer requirements, strategic goals or available resources). This can be of critical importance when it comes to an organisation achieving its objectives. Just as the main aim of project portfolio management

More Releases for PPM

ONEPOINT Projects 19 Reinvents Agile Project Management for Hybrid PPM
New integrated agile component introduces multi-sprint planning and dynamic forecasting Raaba/Graz, April 22, 2020 - ONEPOINT Projects today launched version 19 of their award-winning hybrid project and portfolio management solution - featuring an all-new, completely integrated agile planning and controlling component. The new version also features a "Timeline" view for live management-level reporting as well as a number of practical resource management improvements. Integrated Agile Planning and Controlling "Our new agile component is
New Linkedin TeraNet PPM Showcase
We have published a new showcase in linkedin (https://www.linkedin.com/showcase/teranet-ppm-gestione-progetti-e-attivita/) related to all the features offered by the TeraNet PPM Project Management Sytem software (https://www.t-ppm.it/features-ppm-software-gestione-progetti) WBS, teams and contacts, milestones, kanban & chat, team activity planner, calendar and activities, personal productivity, meeting management, activity monitoring and approval WF, dashboard projects, documents, help desk, active and passive invoices, APIs, single sign-on ... some of the features that are described in the new showcase TeraNet
Project Portfolio Management (PPM) Market making remarkable Growth upto 2025
Global Project Portfolio Management (PPM) Market: Overview The increasing use of cloud-based technologies and the rising need to optimize the cost of products and processes are estimated to contribute significantly towards the development of the project portfolio management market in the next few years. According to the research study, the market is likely to exhibit a strong growth rate over the next few years. Global Project Portfolio Management (PPM) Market:
Project Portfolio Management (PPM) Market : Insights, Epidemiology, Outlook to 2 …
Global Project Portfolio Management (PPM) Market: Overview The increasing use of cloud-based technologies and the rising need to optimize the cost of products and processes are estimated to contribute significantly towards the development of the project portfolio management market in the next few years. According to the research study, the market is likely to exhibit a strong growth rate over the next few years. Global Project Portfolio Management (PPM) Market:
Project Portfolio Management (PPM) Market Size, Share - Industry statistics
Project Portfolio Management (PPM) Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2020 Market Research Report to It’s a Database. Download sample copy @ https://goo.gl/MoHcyZ The Project Portfolio Management (PPM) market size is expected to grow from USD 2.52 billion in 2015 to USD 4.63 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 12.9%. Increasing complexities in
Global Project Portfolio Management (PPM) Market 2017: Analysis, News & Applicat …
The Global Project Portfolio Management (PPM) Market report is an in-depth analysis of the Global Project Portfolio Management (PPM) Market for the forecast period, 2017-2022. The report offers valuable insights such as market share, size and growth related to the Global Project Portfolio Management (PPM) Market. The past and the current trends are included in the market research study. Further, it analyses the performance of the Global Project Portfolio Management