Dec 14, 2006

Ranal’s CAMeLEAN^®/PM Portfolio Management Emerges as a Dynamic Solution in Program Management Domain

Bangalore, Karnataka, India -- Ranal Engineering (Business Wire India)
Portfolio management module, in the recently launched CAMeLEAN^®PM, a program management solution from Bangalore-based Ranal Software Solutions, a Ranal Group company, is emerging as one of the most dynamic modules in the program management domain.

A portfolio management tool takes a holistic view of all projects in different verticals such as banking, insurance or manufacturing undertaken by organizations at any given point of time. It also helps the organization to gain control of all its projects and deliver meaningful value to the business.

Portfolio management primarily comes into play when businesses are split up into verticals or separate business units (BUs) and a tool is required to manage the portfolio of projects under each of them. Organizations need to prioritize, manage and optimize project portfolios and related resources from an enterprise-wide perspective and maximize business benefits.

CAMeLEAN^®PM’s portfolio management, a leading solution in the industry, collates project performance metrics into intelligent information that can be used to analyze how the project is progressing at different stages in its cycle and also from various points of view.

ur experience and keen understanding of what companies need in terms of portfolio management solution is unique in this industry. Integrating the portfolio management module in a more in-depth manner into CAMeLEAN^®PM, is yielding significant results,” says Mr Vijay Babu, Vice president, Ranal Software.

One of the unique features of the portfolio management module in CAMeLEAN^®PM, is the ability to customize the solution so that enterprises can create their own parameters for obtaining the information specific to their business. “This delivers a powerful flexibility of matching a functionality to an organization's business processes rather than the other way around, adds Vijay Babu.

Portfolio management begins with identifying how organizations want to run their business in terms of verticals/business units (BUs). Aligning all the common metrics, either in terms of a business unit or vertical is critical for the efficiency of the entire organization. “Gathering all the information, which could be in a single database or multiple databases spread across numerous geographical locations, and delivering it in a intelligent format that is relevant to the business head, is a key ingredient of portfolio management. In a broader sense it works like this: The organization head looks across portfolios while it is the business head that monitors the metrics of his/her portfolio,” says Vijay Babu.

Portfolio management takes a multi-pronged approach to solving issues that organizations (which execute multiple projects of varying complexity and size, either in the same or multiple locations) commonly face It :

• Utilizes visual indicators to highlight priority projects and identify low priority projects for optimal resource assignment for maximum business benefits
• Tracks a portfolio’s financial health using cost parameters to identify cost over-runs and pinpoints at any given point of time how much of budgeted cost has been consumed
• Tracks a program performance globally through a high level program health analysis through Earned Value Analysis/Earned Value Management (EVA/EVM)
• Analyzes the probability of completing the project within cost and schedule and keeps a tab on identifying deliverable slippages within the portfolio.

With CAMeLEAN® Portfolio Management, organizations can ensure that their teams are doing the right projects with their resources being leveraged for optimum effort across various projects that are going on simultaneously in the organization. It also helps the management team to identify trends across the projects which provide an early insight into possible issues and opportunities.

About Ranal Software Solutions:

Ranal Software Solutions is the R&D and product development division of Ranal group and offers the CAMeLEAN^® suite of products for collaborative Process Lifecycle Management (cPLM) and Program/Project Management (PM). CAMeLEAN^®/cPLM allows organizations to plan and manage their manufacturing processes in a flexible and predictable way and helps in eliminating the disconnect between design and production. CAMeLEAN^®/PM allows organizations to plan, execute, track and manage their programs and projects according to business objectives, all from a single point. More at www.ranal.com/softwaresolutions.

About Ranal Group:

Headquartered in Auburn Hills, Michigan, USA, the Ranal Group caters to worldwide client needs through focused competency centers based out of the United States, Canada, Europe and India. The group is backed by decades of experience in technology areas such as CAD/CAM/CAE/PLM, robotics and off-line programming, manufacturing process planning and management, program/project management, digital manufacturing and cPLM. Ranal has over 600 clients from automotive, aerospace, heavy engineering and other industries and include ABB, General Motors (GM), Kuka Robotics, Motoman, Renault and many other leading global organizations. More at www.ranal.com.

Link Courtesy : NDTV Profit