Clarizen Project Portfolio Optimizer (PPO) is a powerful and accessible prioritization engine that helps monitor portfolio performance in the context of real-time project data, making it simple to reevaluate projects on a regular basis and make funding decisions based on your current business priorities.
With PPO, you can optimize your portfolio of projects by aligning projects to your key business objectives, as well as available financial and human resources, and collaborate with portfolio reviewers on scenarios.
The Portfolio Optimizer is based on the zero-based budgeting approach which evaluates projects request for resource on an ongoing basis without assuming funding allocation based on historic budgets. Within IT Organizations, it is increasing in popularity as it encourages smaller higher value projects that have lower risk of delivering too late.
Prioritization for optimization is done by rolling up certain key performance indicators (or KPIs). The application comes with a set of preconfigured KPIs (Remaining Budget, Work, Risk Score, Benefit, % Alignment, which you can modify based on your business preferences.
- Build a sustainable culture of cost management with zero-based budgeting
- Analyze your portfolio based on any type of cost and criteria that are important for you at any given time
- Eliminate under-performing projects to focus on more productive ones
For more information about how to use PPO, refer to the Portfolio Optimizer App article.