We help organisations prioritise the right projects
In most organisations, costs and resource consumption related to operations—and thus short-term value creation—are well under control. Processes, management information, decision-making structures, incentive systems, etc. are in place.
However, the overview of what, at any given time, is tied up in the project portfolio is far more ad hoc—how much budget? How much internal time? Are they the “right” projects? In addition, there are difficulties in determining the value the projects actually deliver.
From Factor3’s perspective, project portfolio management is one of management’s most important strategy execution tools. It is the engine of strategy execution and the heart of gaining control of the projects’ value creation!
INSIGHT
Over the years, Factor3 has delivered numerous project portfolio set-ups and has seen demand for a digital solution that can power the collection of management information for the overall portfolio. Recognising that no IT product existed that focused solely on generating data for management decision-making, Factor3 developed Insight.
Factor3’s web-based portfolio management system is a simple and robust way to create an overview of the project portfolio. Insight is built on the principle: “What is the minimum management needs to know in order to make sound decisions and manage the portfolio?”
Insight is based on management’s need to manage the project portfolio and therefore does not influence project managers’ choice of methods for managing their specific projects. In short, Insight aims to provide management information without disrupting a strong project culture.