Portfolio Reporting
Understanding total portfolio performance is a significant challenge for organisations with many projects across multiple departments and geographical locations.
Adoption of certain business tools limits an organisations ability to gather project status and form an overall view of how everything is performing against a plan. There is not a single fit for purpose business tool that is “everything to everyone”.
One of the key Project Controls functions of data gathering, interpretation and transformation is usually performed in Microsoft Excel, pulling data from various business tools including ERP systems, scheduling software and proprietary packages. Complexities contributing to decentralised project data are:
- Enterprise Resource Planning (ERP) systems
- Principle contractor systems
- Local data storage
- Inconsistent processes, procedures and conventions
The global software market offers enterprise integration engines to pull your businesses project data together. This is usually at a significant cost and constitutes a fundamental change to how the business operates.
Keystone Project Advisory can help you answer the following questions in developing a fit for purpose portfolio solution.
- What is best practice?
- What level of detail is appropriate?
- Do current processes support simple roll up reporting?
- What tools can be used?
- Are we overcomplicating things?
best practice
commercial or professional procedures that are accepted
or prescribed as being correct or most effective.