Managing a technology investment portfolio is no small task. It’s not just about balancing budgets and resources; it’s about making every dollar work harder. Too many companies are held back by inefficient processes, wasting resources on decisions driven by misaligned priorities. Not only do they miss out on growth opportunities, but they’re leaving money on the table.
Strategic portfolio management flips the script, offering a framework to cut waste and fuel growth. Tools like Planview Hub play a key role for companies wanting to eliminate inefficiencies and make decisions that deliver results. This article breaks down effective portfolio management strategies, how to implement them, and how Planview Hub can turn your investments into a growth engine.
Why Strategic Portfolio Management Matters
You're throwing money into the void if your technology investments don’t align with your business objectives. Strategic portfolio management lays the groundwork for growth and efficiency, helping organizations maximize their resources and opportunities. By 2026, Gartner predicts that 30% of organizations will embrace this approach, and here’s why:
Financial Clarity
Every dollar should have a job. Strategic portfolio management provides clear financial visibility, enabling smarter decisions, reducing risk, and building trust through transparency.
Enhanced Collaboration Across Teams
Silos and fragmented data and workflows halt progress. Integrated solutions break down barriers, bringing teams together to work smarter and faster.
Smarter Spending
Strategic portfolio management aligns spending with goals, enables thoughtful planning, and helps you adapt quickly to drive efficient, goal-focused operations.
Actionable Steps for Smarter Strategic Portfolio Management
Tapping into your portfolio’s potential starts with focusing on opportunities that deliver big returns and set the stage for long-term success. Here’s how you can begin making every resource count and improve your portfolio’s performance:
Start Small but Stay Consistent - Stop trying to fix everything at once. Zero in on one underperforming area of your portfolio to identify inefficiencies. Take a phased approach to cleaning it up and finding quick wins, then iterate and scale those changes.
Leverage Automation Where Possible - Every manual process slows you down and costs you time and money. Leverage automation to streamline tasks, enhance traceability, and free your team to focus on big-picture goals.
Focus on Regular Optimization - Portfolio management isn’t a one-and-done deal. Leverage metrics like ROI calculation and usage insights to course-correct and refine your strategies in real time.
Keep in mind that none of these strategies will work without a well-integrated system. You need to find a portfolio management platform that offers scalability, real-time data insights, seamless integration with existing systems, and the flexibility to adapt to evolving business needs. That’s where Planview becomes the ideal partner for effective portfolio management.
How Planview Hub Elevates Strategic Portfolio Management
With Planview, there’s no room for guesswork or waste, especially with their product, Planview Hub. Planview Hub should be on your radar if you want clear visibility into how strategy execution plays out in real time, giving you total control over your work, resources, and results. Planview Hub gives you a comprehensive view of your enterprise data, enabling you to make informed decisions and adapt to evolving market conditions.
Whether integrating tools, automating traceability, or getting transparent metrics, Planview Hub excels at delivering measurable business impact through effective project portfolio management. At Praecipio, here’s why it’s one of our favorite tools:
Key Benefits of Using Planview Hub
- End-to-End Integration Across Systems - Planview Hub unifies your entire ecosystem, connecting tools like Jira, GitHub, and ServiceNow (it’s compatible with over 60 others). Whether you’re on-premises or cloud-hosted, it adapts to your organization’s needs and ensures data flows seamlessly across teams, supporting enterprise-wide business strategies.
- Reduced Manual Errors - Forget tedious, error-prone double data entries. By automating manual tasks, Planview Hub minimizes human errors and speeds up processes, reducing wait times and costly mistakes.
- Visualized Workflows - With its intuitive integration landscape view, Planview Hub brings together financial, portfolio, delivery, and ITSM data across tools, streamlining integration, improving visibility, and enabling smarter, faster decisions.
- Unmatched Data Synchronization - Planview Hub keeps your operations running smoothly with high-fidelity, near real-time synchronization. Lost data or workflow interruptions become a thing of the past.
- Streamlined Auditing - Automated traceability tools simplify audits by linking requirements, code, and test results. This feature ensures compliance, even in highly regulated environments.
- Assess ROI and Performance Outcomes - With a built-in ROI calculator and usage metrics dashboard, Planview Hub makes it easy to measure how much time and money automation saves each department.
Planview Hub Customer Success Stories
Don’t just take our word for it. Planview Hub has the stats to back up our claims. Top organizations have used Planview Hub to uncover hidden potential, reduce wasted time, and boost productivity significantly.
Frequentis Experiences 98% Faster Handoffs
Frequentis, a global leader in safety-critical communication systems, relied on a native connector to keep Jama Connect and Atlassian Jira in sync for traceability and compliance. However, the connector's slow data flow and manual setup were holding teams back. When Frequentis decided to retire the connector, it turned to Planview Hub to integrate Jama Connect and Jira.
Planview Hub sped up data exchange, reduced setup hassles with reusable models, and kept everything running smoothly, even with future tool upgrades. By leveraging Planview Hub, Frequentis experienced 98% faster handovers between requirements and systems engineers and their software teams.
CGI Accelerates Project Onboarding
CGI, a global IT and business consulting leader, also achieved impressive results with Planview. Like most international companies, CGI struggled with a patchwork of tools and workflows across thousands of clients, which caused delays, miscommunications, and expensive custom integrations.
To address these issues, CGI introduced an initiative to bring consistency to their processes, tools, and reporting. The program aimed to standardize project delivery using Atlassian’s Jira and rolled out Planview Hub to sync Jira with client systems, simplifying complex workflows. Thanks to Planview Hub, CGI reduced project ramp-up time by six weeks and enabled real-time data sharing.
Set Your Business Up for Success
Strategic Portfolio management is evolving, and the tools we use to manage it must follow suit. Smarter portfolio management strategies give your business a competitive edge, helping align investments with goals, cut down on waste, and boost productivity across the board.
At Praecipio, we don’t just implement Planview solutions; we weave them into all aspects of your business strategy. Our approach ensures your portfolio aligns with your big-picture goals, so every decision and resource delivers maximum impact.
Watch our webinar on strategic portfolio management to learn more about how the Praecipio x Planview partnership can help your organization and why it’s a proven pathway to achieving financial clarity and operational efficiency.
