To meet the long-term goals and short-term objectives required to stay competitive, you need to manage portfolios and projects efficiently. This kind of management involves five basic steps: strategic planning resource and schedule planning, cost management and control, information transparency, and improved management oversight. SAP expedites this process. SAP PLM helps you to:

• Align your portfolios with corporate objectives, including portfolios of projects, programs, and services within R&D, professional services, and IT.
• Prioritize, plan, and execute activities aligned to corporate strategy and more readily provide the right resources at the right time from the right source required for execution
• Plan and track activities more precisely to improve speed of execution
• Plan and monitor budgets and maximize financial returns
• Support both portfolio and project decision-making processes
• Minimize risk, redundancy, and bottlenecks through better resource capacity planning

Read more about these strategic and operational project and portfolio planning activities.

SAP PLM provides these benefits for managing your product and project portfolios:

• Lower project costs
• Improved resource efficiency
• Better internal and external collaboration
• Improved monitoring of project status and portfolio performance
• Alignment of activities, resources, and budgets with business priorities

Read about additional benefits of SAP PLM.