Cost Performance & Tracking
For most organizations, cost tracking and variance analysis is an area that is ripe for improvement. Areas of focus include better integration with ERP systems to pull in actuals, and a more effective interface between PPM and business systems that makes it easier to reforecast costs and streamline / automate the month-end financial reconciliation process. Armed with real-time variance metrics, organizations can visualize cost performance, quickly identify and gain insight into areas of concern and take the appropriate corrective action. The ability to more effectively manage change requests is also key to rebalancing the portfolio with redirects, releases and takebacks.