Spreadsheets, a recipe for disaster?

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I am amazed at how many companies are still managing projects using spreadsheets. The fact is, when managing multiple projects; with a range of different consultants; across different geographies; using spreadsheets is a recipe for disaster. They are instantly out of date, create administration headaches, and are often littered with errors and inaccuracies; in the complex world of project portfolio management (PPM), this is simply unacceptable.

Successful PPM requires total visibility and control, with real-time intelligence on costs and resources. Lack of control leads to inefficiency, rising costs, and damaged customer relationships; yet many companies are still failing to manage their costs and resources effectively. Automation allows companies to track financial project health and manage resources in real time; ensuring the right skills and assets are deployed, on the right projects, at the right time.

Using an automated PPM solution, companies gain better control by having a more cohesive, consolidated view. As such, they are more able to anticipate and plan for any issues that may impact the wider portfolio, keeping pace with changing requirements and shifting internal expectations. Organisations can analyse, track and forecast opportunity and risk to better manage the profitability and performance of the business; this creates a repeatable recipe for success, while eliminating redundancy and waste.

Whatever solution you chose to use, my advice is to throw away the spreadsheets the future health of your project could depend on it.

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Posted by Lori Ellsworth on 10th Apr 2014

About the Author
Lori Ellsworth is President of Changepoint. In her role, she is responsible for managing the strategic direction and growth of the industry-leading solution Changepoint. In addition, Lori has global operational responsibility for sales, services, marketing, R&D, customer service and support. With more than 25 years of experience in the delivery of software solutions to companies worldwide, Lori is passionate in helping customers transform their services and IT organizations. Her extensive expertise spans strategy & product management, product development, sales and marketing, and customer service within the software sector. A frequent presenter at industry conferences, Lori is a recognized thought leader in the fields of Professional Services Automation (PSA) and Project and Portfolio Management (PPM). Prior to Changepoint, Lori worked for a variety technology organizations including Compuware, PTC Integrity (formerly MKS) and Speedware Corporation. Lori holds an MBA from York University and a Bachelor of Math from the University of Waterloo.

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