Information on a Project Portfolio Management Software

2007-03-08 10:33:40

( Computers )



Businesses need effective construction project management software to manage multiple projects. Project portfolio management software gives your business all the project management tools and functionalities that your company needs.

One of the usual challenges a construction company faces is difficulty in field reporting and efficient communication of relevant information from the field to the headquarters. With online project portfolio management software, the field supervisor can report the field’s daily progress and other documentation to the head office through the use of a personal digital assistant, a cell phone or a portable computing device. After connecting to the remote server that has the web based project management software, the field supervisor is able to send the most up to date information to the project database.

An alert will be sent to you, the project manager, that a report has come in from one of your field supervisors. Thus, you will be able to update your project management schedule. Moreover, the project portfolio management software will tell you which tasks are behind schedule, which tasks are in grave danger of slipping behind schedule and which tasks are on time.

Meanwhile, all the field supervisors involved will be able to view the project status by using the construction project management software dashboard or interface particularly configured to report only those information relevant to specific projects a field supervisor is involved in. Likewise, the contractors who are in charge of the critical tasks in each project will also be sent email or fax alerts about the project’s status. Thus, all the key personnel in your project management team will have current, up to date information about the status of the project.

The project portfolio management software, aside from giving you, your field supervisors and your contractors remote access to current information (as can be expected from any web project management software) also gives you the ability to see the big picture.

As a project manager in the construction industry, you are probably managing multiple projects at the same time while you get only a single project team. With project portfolio management software, you are able to integrate all the projects and view all your ongoing projects in one screen. Thus, you will easily be able to track each project’s progress and be able to address the more critical concerns first. Moreover, the project portfolio management software also makes it easier for you to assign team members and schedule equipments rotation across various projects.

The project portfolio management software also helps you keep your documents organized, properly labeled and easily tracked through its document and workflow management tools. Whatever changes were made to project documents are recorded automatically by the construction project management software and are thus made immediately available to you, your field superintendents and even your contractors if required. Common documents needed and updated in construction include purchase orders, contracts, and meeting minutes.


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