Eurobios, as a software vendor specialised in solving complex issues introduces PPO - Project Portfolio Optimizer: the company solution to optimise both project Portfolio investments and projects planning in several domains (R&D, Marketing, IT...).
Tough decisions:
Choosing projects relies on both hard facts (company strategy, financial results) and subjective ones (internal politics, contradictory department needs or objectives). Getting everybody to see eye to eye on the current portfolios is often needed.
With PPO, decisions are taken in a rational and weighted manner taking into account both strategic (or tactical) financial objectives and more subjective ones. PPO helps to find the best compromise between stakeholders on agreed facts and targets.
Compose with reality :
Simulations and arbitrations done with PPO to optimise portfolios and project or campaigns planning can cope with the unexpected and re-allocate resources appropriately to reach the best efficiency.
High complexity:
The criterias to be considered (project attributes, objectives, constraints) are very numerous. Analysing all of them for choosing the best projects portfolios and for planning them is impossible for a human being or would need decades.
PPO, by using powerful and reliable algorithms, takes into account data of different types and suggests to the user optimal project Portfolios and plans.
Projects Portfolio optimisation and company strategy
The R&D or Marketing strategies must respect the global company strategy whilst reaching defined objectives.
Choosing the right, most profitable and valuable R&D projects or Marketing Campaigns is very difficult as managers must both:
Reach defined objectives
Respect agreed budgets for each business unit or department and often reduce them
Satisfy various internal stakeholders
(Board, top management, R&D, Marketing, Sales, IT, HR...) and balance portfolios
Justify the necessary budget for projects implementation
Deal with heterogeneous data and information, either for R&D (ROI, ROP, Cost, turnover, risk, technology, skills, objectives, resources), either for Marketing (ROI, budgets, turnover, margin, product, channel, target, ratios, pressure...)
Secure the workload and optimise project planning robustly and efficiency.
This difficulty highly increases with the size and diversity of projects launched.