Project Portfolio Management Software Strategic Portfolio Management

Connect Strategy & Execution with Strategic Portfolio Management Software

The Cora SPM platform provides you with the visibility for advanced portfolio management and decision-making. It will give you the confidence to select the right portfolio, and the digital know-how to execute it.

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Strategic Portfolio Management solutions built on four fundamental pillars

Inventory

Easily gather all the information necessary to make data-driven decisions about the portfolio

Analyze

Make logical portfolio choices - eliminating duplicates, skill-matching of plants/sites and simple "Go/No-Go" decisions

Balance

Run Scenario Analysis to strategically align the Portfolio and maximize resource utilization through capacity what-ifs

Execute

Manage the portfolio, executing its projects successfully and feeding back progress, via visual dashboards to the Portfolio Board

Total clarity, total control

With Cora’s Strategic Portfolio Management software, you can select and manage the right set of strategically aligned project initiatives

Shrewder portfolio selection

Auto-select the preferred portfolio based on your criteria and compare alternatives, ensuring your portfolio delivers the maximum return.

Smarter scenario planning

Make portfolio balancing easy while ensuring strategic alignment, capacity planning and global efficiencies across the enterprise.

Top-down budgeting

Logically split budget across your portfolios. Easily track forecasting from project execution against portfolio budgets to measure performance.

Improve portfolio prioritization

Using criteria based on your requirements to score and weight projects, slice-and-dice data to come up with a repeatable, reliable and robust portfolio scoring mechanism.

Seize control of your strategic capacity management

Gain visibility over your capacity and easily understand requirements for the year ahead while maximizing the use of global resource pools.

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Track benefits realization

Plan benefits alongside your project delivery, track benefits being delivered by projects and how they should be prioritized to support corporate strategic goals.

Embed business intelligence

Entrench “BI” so it provides powerful data and insights, enabling fast, informed decisions accessible to everyone via shared dashboards and interactive reports.

Make smarter decisions

Increase return on investment, eliminate “CEO-specials” or “good-hunch” management techniques. This way you’ll take out the guesswork, enabling decisions on the portfolio to be made with clarity.

Your problems, our solutions

We understand your pains. For over two decades, we’ve provided project portfolio management solutions to healthcare providers. With each engagement, we’ve learned to surmount the diverse problems encountered by project managers.

The problem:

It’s difficult to decide what projects should be prioritized.

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We make it easy for you to define and apply your own standard criteria to projects. You can evaluate them based on a range of factors, including strategic impact, using our repeatable, reliable, and robust portfolio-scoring mechanism, and decide which project(s) should be prioritized.

How Cora can Help

Request a personalized demonstration today

Our highly trained experts are standing by, ready to demonstrate and answer all of your questions about pricing, implementation, or anything else.

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Free Portfolio Planning guide

How to save millions on your bottom line with rigorous portfolio planning

Companies can lose hundreds of millions of euros by not selecting the correct projects into their portfolio, or indeed by selecting the wrong projects into their portfolio. This guide will help readers to understand the benefits of smart portfolio planning and how to implement the process in their organization for better business outcomes.

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Strategic Portfolio Management - Frequently Asked Questions

What is Strategic Portfolio Management?

Strategic portfolio management (SPM) is about selecting and prioritizing your portfolio of projects so you maximize their profitability, which includes strict resource management and reporting capabilities.
It is about selecting the right projects to work on, based on the company’s corporate goals, i.e., focusing on the most profitable projects and learning to discard unprofitable projects early in their lifecycles.

How is it different to Project Portfolio Management?

Strategic portfolio management (SPM) is about selecting the right projects to work on so your company makes profitable investment decisions with its project portfolio; whereas project portfolio management (PPM) is about the execution and management of each individual project.
The difference in focus between SPM and PPM manifests itself in several ways, i.e. project selection (SPM) vs. project completion (PPM); return on investment (SPM) vs. cost management (PPM); faster decision-making (SPM) vs. compliance (SPM), etc.

What are the key "best practices" for Strategic Planning?

A key pillar of strategy execution is in distilling a company’s strategic vision into a tangible portfolio of projects before the strategic plan is published.
A good strategy realization office (SRO) will be flexible, i.e. it will be in tune with the pulse of the organization and be able to quickly rebalance the project portfolio as strategy evolves and changes, possessing a radar to detect early over-investment in low-value projects.

What management tools does Cora offer?

Resources: Plan the resource requirements for each project. Track variation between planned and actual resources.
Finance: Manage project finances from initial estimate through to actual spend.
Dashboards: Project and program dashboards to visualize the health of a portfolio, highlighting any issues.
Benefits Realization: Plan and track benefits realization across the organization.
Strategic Capacity Management: Easily understand requirements for the year ahead and maximize usage of global resource pools.

What factors influence Portfolio Analysis in Strategic Management?

What projects should we prioritize?
What are the consequences of not delving into a particular project?
Do we have a realistic financial cost and resource estimate for each strategic objective?
Have we identified and resourced the projects that are most critical to the strategic vision?