Hewlett-Packard is a name to reckon with. It has been producing cutting edge products since inception. Its exponential growth can be attributed to its commitment to outstanding customer service. Incidentally, it has recently updated its Project and Portfolio Management software. It is looking to enhance the scope of the software to take charge of not only its IT projects but organizational projects as well.

Bruce Randall, HP director of product marketing for project and portfolio management made some significant announcements recently. He said that they have sold out HP Project and Portfolio Management software to IT groups. However, it dawned upon HP that quite a few customers were using it as a lucrative enterprise project and portfolio management system. In a bid to cater to this expanded customer base, HP PPM 9.1 was launched. It is well equipped with a host of features and modules. Thanks to the robust PPM software, it effectively manages challenging tasks. It is also effective in keeping tabs on complicated projects.

According to recent research, the majority of software projects don’t achieve their desired goals. Their managers don’t mind bearing the brunt of the resultant shortfall. They are willing to accept the blame. The PPM software can be highly beneficial in a scenario like this. It is known to generate billions of money. It can even improve weak areas involving a project development plan. It efficiently tracks the progress of project developments. You will know whether your deadlines are being met, the amount of money and resources spent on project development and other aspects too. Managers can take a look at this data with the help of dashboards, reports and personalized queries.

HP's PPM software’s 9.1 version is inclusive of two new modules. These modules have been designed for general PPM management – executive scorecard and financial planning and analysis. For the uninitiated, executive scorecard is nothing but the dashboard. It has cross-industry metrics that has already been defined. It enables executives to look into issues at a higher level. The software boasts of other features as well. One of it is the palate – it has been expanded to allow users to categorize and resolve queried tables. As a matter of fact, the user interface has already been organized. The line editing capability has also been enhanced. Now users can detail the status in a better way. They can utilize resources effectively.

Resource management has become more important than ever. A manager can allot resources to a project without having to specify resources. Subsequently, it enhances the overall planning process. In other words, a manager need not mention the names of developers who would execute the work. This gives managers an insight into things that they can invest in. They can work on projects depending on priority basis. They can view things from a great perspective. HP's Application Lifecycle Management (ALM) software has been integrated