Project management (sometimes called project portfolio management, product portfolio management or program management) helps ensure that products get developed, made, launched and delivered on time. It's how companies manage the resources, timelines and deliverables needed to get products done. Project management can be as simple as a task board to track activities to something as sophisticated as project portfolio optimization. Regardless of the complexity of the project (or product), collaboration across and outside the project team is critical for project management.
Benefits of Project Management
Companies who excel in requirements management can expect the following benefits:
- Faster time to market
- Lower overall costs
- Higher product quality
- Fewer surprises
- Higher stakeholder satisfaction
Find out more about PLM
, or learn more about Propel's project management software
, which offers a highly collaborative project management solution that is tightly integrated to all product changes.