Optimizing and planning resources and processes are the foundation of business development.

Therefore, to manage business projects, such as budgets, time and resources of the individual department using software such as SAP Portfolio and Project Management (SAP PPM) is essential.

It also helps to assess project risks or delays and aligns investments to achieve set strategic goals.

PPM software helps companies prioritize and manage projects with current resources as well as future needs and demands, standardizing processes and increasing team efficiency.

We are Fourteen TEC, one of the most qualified SAP partners in SAP Portfolio and Project Management implementation and consulting.

In 2021-2022 we implemented the PPM solution for managing Resilience and Recovery Funds PNRR for the Ministry of Finance.

We have implemented SAP PPM on New Product Development processes, IT Governance processes, Management of Commercial Portfolio, and Maintenance of Plant and Infrastructure.

What is PPM software?

It is designed to help optimize a project's workflow, from development to business to marketing.

The Project Portfolio is aligned with corporate strategic goals.

Moreover, it has centralized information and continuous control in Product Development (operational project) to economical areas (budget VS actual costs) to speed up processes, reduce risks and costs.

Below you can read what you can do with SAP PPM.

Portfolio Management

To fully understand what Portfolio management is, it is necessary to know that a Project Portfolio consists of projects and programs grouped according to their strategic importance to the organization and its objectives.

Portfolio: a portfolio is the collection of projects and programs both executive and proposals. It is used to assess their overall impact on the company in terms of financial capacity and resource capability.
Program: it's a collection of related projects that share a common goal and need to be managed and monitored collectively.
Project: it's a temporary action taken to create a unique product, service, or outcome with defined resources and timelines.

Portfolio management ensures that all projects under evaluation, approved and in progress are on track to be both aligned with strategic goals and managed effectively to deliver optimal results.

This allows the organization to monitor projects as a whole and ensure the overall success of the company.

In addition, it makes it possible to forecast possible risks if the organization decides to invest in new projects.

Benefit 1: Planning and Lowering Risks

PPM empowers better planning with a strategic project road map and accurate definition of plan, data, budget, and labour of resources.

It identifies best practices to detect and manage issues on time and it also makes KPIs, metrics and costs available in real-time, with the capability to compare data.

All the portfolio objects are linkable to each other allowing better communication between organizational units, for example, between development and activities assigned to a resource or between sales and development.

Benefit 2: Execution and Profitability

All resources involved in different phases are required for the successful execution of the program.

Thanks to the native integration of SAP PPM with SAP HCM (Human Capital Management) human resource master information is always available for identifying resources by skill, assigning tasks, checking availability, and recording work hours and related costs.

Benefit 3: Reporting and Analysis

You can develop reports on the progress of projects, significantly reducing costs and time, increasing productivity, for better decision-making and evaluations.

PPM software can be used to plan, monitor and measure financial performance effectively.

You are able to set realistic goals, forecast by creating various investment scenarios, monitor costs at the activity level, and reallocate budget and resources as needed.

With current financial systems, integrations will provide a complete perspective of budgets, costs, and investments.

Moreover, the projects with the highest returns on investment will be highlighted for you by SAP PPM software.

Benefit 4: PPM for all your projects

In order to improve business outcomes, the project manager must simplify and increase project efficiency across all sections of an organization.

SAP PPM is a flexible solution made up of various modules that can be combined with other software to maximize productivity and performance.

It is ideal for projects involving the development of new products, capital projects, IT governance initiatives, and planning and maintenance of manufacturing facilities.

Fourteen TEC is an SAP consulting company specialized in PPM and PLM processes and solutions, operating throughout Europe and the world.

For more than 10 years, Fourteen TEC has been focused on improving the efficiency, innovation and productivity of enterprises and multinational companies, proposing different solutions tailored to the client, whatever their business sector.

Management of Corporate Projects: using SAP PPM software and its benefits