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Companies Realize Major Efficiency Gains Through Reductions in Redundant Projects, Failed Projects, Cost Per Project and Time to Market
ISLANDIA, N.Y. – According to a new IDC White Paper*, successful organizations worldwide are leveraging project and portfolio management (PPM) software to significantly increase efficiencies, cut costs and drive revenue. The white paper was sponsored by CA, Inc. (NASDAQ: CA).
The companies surveyed realized a staggering 557 percent return on their investment based on a three year ROI analysis. The PPM solutions showed a return of $5.57 for every dollar invested and paid back the initial investment in just 7.4 months after the deployment was complete. Respondents cited the following changes to their business:
* The number of redundant projects decreased by 78 percent
* Project failure rates decreased by 59 percent
* Cost per project fell by 37 percent
* The time to market for revenue-generating initiatives dropped by 33%
“Whether mired in a difficult economy or thriving in prosperous times, organizations continue to gain measurable business benefits from project and portfolio management,” said Randy Perry, vice president, Business Value Consulting, IDC. “From reducing IT project failures, to keeping programs on budget, PPM software is playing a key role in organizations’ enterprise IT management and governance strategies.”
IDC’s extensive research on PPM systems was validated by in-depth interviews with 13 companies that have had PPM installed for at least six months. In addition to gaining qualitative information, IDC walked each respondent through a series of scenarios to quantify the changes in the IT organization since the PPM deployment. To acquire quantitative information, IDC focused on each customer’s experience with regard to PPM benefits. The companies surveyed all use PPM solutions from leading vendors, are from major geographical markets, and represent a variety of industries, maturity levels and sizes.
“For our customers, aligning IT in support of business objectives is more critical than ever,” said Helge Scheil, corporate senior vice president and general manager, CA Clarity PPM Business Unit, CA. “For those organizations not yet leveraging PPM, they need a solid ROI to justify the purchase. This report makes it easy for them to build the business case for buying a PPM solution such as our CA Clarity PPM.”
To get a copy of this IDC White Paper, please go to http://ca.com/ppmroi. While on this website, visitors can assess the value potential of PPM for their organization using the online PPM Business Value Calculator developed from the same IDC research. In just five minutes, the calculator provides a personalized PPM maturity and benefits assessment. After using the PPM Calculator, one can request a detailed action plan by email. This customized 40-page assessment provides the benefits and next steps needed to build a PPM business case.
On Tuesday, March 10th, plan to attend the upcoming live IDC Webcast featuring Randy Perry, vice president, Business Value Consulting, IDC. Join CA as Mr. Perry discusses the recent IDC White Paper entitled How Project and Portfolio Management Solutions Are Delivering Value to Organizations. The webcast will be broadcast live twice on March 10th, with the first session at 9:00 AM ET, and the second at 4:00 PM ET. For more information, go to http://ca.com/roiwebcast.
* IDC White Paper sponsored by CA, “‘How Project and Portfolio Management Solutions Are Delivering Value to Organizations,” Doc # 213980, September 2008
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