A coordinated process for planning and controlling the project landscape ensures that only worthwhile projects are started, that the momentum of ongoing projects is maintained, that employees are not overburdened and that the predicted benefits of the projects are also claimed.
Portfolio Management
Summary of projects into portfolios, bottleneck-oriented portfolio optimization, portfolio evaluations.
Portfolio
It is a systematic workflow to better coordinate ongoing projects and processes with transparency and clarity. It helps in better functioning by organizing and tracking task priorities of cross-functional teams across the organization. CAT4 tool helps you to be on top of your project goals by providing easy and quick visualization of the progress across initiatives for all stakeholders.
Project Descriptions
Project templates, project profiles for recording, description, deadlines, resources, costs, benefits, budget planning & financing
Descriptions
An overview of the details of the project at hand in a structured format covering all the stages and aspects involved in the project. It outlines the issues, objectives along with the plan in the project lifecycle highlighting the tasks and responsibilities owned by each member in the team. The preparation of the project description is considered one of the key responsibilities of the project manager. One should keep in mind the following points while drafting “project descriptionsâ€
The scope and purpose of the project should be clear
Usage of simple words to describe the project without omitting key points
The document should have a snapshot of all the necessary activities for clear understanding of the team
It should be crisp, informative and easy to comprehend
Phase Gate processes
Predefined and customizable phase concepts, mandatory fields and plausibility check for phase transitions, documentation of decisions
Phase process
Phase Gate Process is a methodology in project management where a project is divided into distinct phases separated by different decision points. CAT4 tool creates seamless transitions at the cusp of each phase. At each gate continuity is decided by the steering committee or manager. This decision is based on the forecast information provided at the available time, business case and risk analysis. With CAT4 this information can be fetched and visualized to attain a positive return than a risk for future decisions.
Investment Planning
Factors that have been identified by investors include growth vs. value, market capitalization, credit rating, and stock price volatility.
Planning
Investment Planning is the most crucial aspect in the lifecycle of successful project management. It helps in determining costs (both short-term and long-term) involved at every phase of the project, thereby reducing the financial risk, approximating profits and also planning for unforeseen costs. CAT4 tool has all the necessary components of a good investment plan and helps you choose the correct approach — Top-down approach (the total cost is known before the project begins) or Bottom-up approach (estimating how much every phase of the project will cost and then summing up to determine the total) according to your project requirement.
Status Reporting
Automatic traffic lights for deadlines, costs, benefits, time recording & earned value analysis, CMS project import/export, reports in PowerPoint.
Reporting
In project management, status reporting
refers to the regular preparation of the report on the progress
of the project compared against the original project plan set at
the beginning. It helps in providing efficient and effective
status updates to all stakeholders at any given point in time or
stage of the project — on the progress, cost, risk, time taken
for a task and the amount of deliverables left to complete the
project. It also serves as a documented history of the project.
CAT4 tool expedites all the important reporting process involved
in Status Reporting i.e Plans, Progress and Problems
