Ask anyone in any company on how their projects are coming along, chances are you will meet with a shrug and wry smile. You will get answers on how much overrun has happened on both the costs and time.
Why do projects tend to always overrun on the cost and time set?
One of the main reasons is that the co-ordination among the project teams suffers because typically each of the team members may not be on close terms with each other. And, they typically lack the means of communicating effectively with each other. That is where the saas project portfolio management software comes in. It helps the members to capture their points of view, issues and progress made so far in real time. Each of the members can key in the points wherever they are and everything is visible to everyone on the management team, which helps in effective intervention and decision making.