It is cool when you can see industry examples of how software can improve your companies productivity and cost savings through software.
I worked with the Rational Focal Point team, to publish a demo discussing some of the major portfolio management challenges facing municipalities and demonstrating how Focal Point can meet those challenges, by utilizing many of the monitoring, prioritization, and decision making capabilities featured in the solution. Whether you manage a city, a company or an organization, you will need to prioritize projects and understand the return on investment each project will provide you, which can be extremely challenging, if you don't have the proper tools.
There are many other challenges and details to managing a portfolio of projects. Ideas for new investments or cost-cutting measures come from a variety of sources and most cities or companies don’t have a single repository where those ideas can be gathered and carried through a defined lifecycle. Without such a repository you run the risk of having great ideas fall through the cracks.
In lean times resources become limited. In these cases being alerted about budget overruns, scheduling delays, and resource bottlenecks as soon as possible is critical. Many cities or companies cannot generate the simple, real-time overviews that help managers quickly pinpoint trouble spots and address them in the earliest stages.
Presented here are a few of those challenges that the Focal Point solution has been designed to address—hopefully many of them look familiar to you.
Software is key to creating a smarter planet and here is a fine Industry example! Check out the demo!