An Integrated Approach to Project Management

Many software tools and solutions are available that support Portfolio and Project Management but very few fully model the interdependence between projects and material supply, a key project resource. In addition, most of these applications lack an ability to accurately model and evaluate the impact project schedules have upon capital and cash-flow.

An integrated approach to project management enables an organization to model all their projects and their entire supply chain together in one environment. This is a quantum step forward in the evolution of project management. The integrated approach also models the payment terms, penalty and bonus clauses of a contract to fully reflect the impact a project schedule will have on expected cash-flow. In addition, the integrated approach to project management supports ‘what-if’ simulation to enable project planners and sponsors to understand the implications of various project planning scenarios under consideration (such as allocating more resources to one project versus another or mitigating the impact of a supply disruption).

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