Save Dollars for Pennies per Day!
ProjectDash™ provides a significant return on investment in a variety of ways.
Managing Corporate Initiatives
Corporate initiatives are currently not tracked in a formal manner. Microsoft Project is too complicated and expensive to use but our current spreadsheet tracking system is too informal, inconsistent and difficult to share project information across the management team.
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Assume a corporate initiative portfolio of 10 projects with an average
duration of 1 year and average budget of $300,000.
Industry statistics indicate that implementing project management and
oversight activities can reduce project over-runs by 20% for most organizations.
Assuming an aggregate of $3,000,000 of project work, potential savings
through the use of ProjectDash and project
management practices could
result in reducing unplanned overruns
totaling $600,000. This ignores
the additional savings resulting from
reduced time-to-market delays
that can affect an initiative’s ROI.
ProjectDash licenses (10): $2,240
Project Management Process Improvement Activities (est.): $100,000
Total cost: $102,240
Total Savings in Year 1: $497,760
Supporting Portfolio Management
Projects are managed using Microsoft Project but project performance metrics are not readily accessible to the managers responsible for project oversight. We conduct project performance reviews every two weeks but the data presented is inconsistent and never seems to be accurate. Our project managers spend a lot of time keying in data and already exists in other locations. Viewing the spreadsheets is very cumbersome, especially when our team is geographically dispersed.
Assume a project portfolio of 15 projects and a loaded labor cost of $100/hr.
Ongoing spreadsheet tool support (enhancements/modifications):
40 hrs./year => $4,000 per year
Data entry/report preparation by project administrators:
1 hr./month * 15 projects * 12 months = 180 hrs/year => $18,000
Total cost: $22,000
ProjectDash licenses (15): $3,240
Data import/report preparation by project administrators:
.33 hr./month * 15 projects * 12 months = 60 hrs/year => $6,000
Total cost: $9,240