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Project Portfolio Digital Twin
Developed by Goldratt Research Labs
Identify and Eliminate Avoidable
Project Delays and Cost Overruns
Our award-winning Project Portfolio Digital Twin (PPDT) helps project teams identify and eliminate the major causes of avoidable project delays and cost overruns BEFORE they happen. All in a virtual low-risk environment.
Please Watch This Video First
Project Portfolio Digital Twin
Developed by Goldratt Research Labs
Identify and Eliminate Avoidable
Project Delays and Cost Overruns
Our award-winning Project Portfolio Digital Twin (PPDT) helps project teams identify and eliminate the major causes of avoidable project delays and cost overruns BEFORE they happen. All in a virtual low-risk environment.
please Watch this video first
unmute & Watch the video to learn about Digital Twins and the PPDT
CLIENTS WHO HAVE USED OUR DIGITAL TWINS
Why Leading Organizations Choose Our Digital Twins
Organizations face real-world VUCCA (Volatility, Uncertainty, Complexity, Constraint, and Ambiguity) conditions in their projects, requiring careful consideration and planning.
Traditional project management software often fails to address VUCCA conditions, leading to suboptimal decision-making, such as poor resource allocation or incorrect priority mechanisms.
Top companies and organizations trust our unique Digital Twins because they offer a powerful solution to simulate and consider all Real World VUCCA conditions. As a result, they enable project managers to make commitments with confidence and make better and faster decisions throughout the project lifecycle.
We have designed Our Project Portfolio Digital Twin (PPDT) To Help project managers make the following type of decisions...
1 - Will our project be finished on time and within budget?
As a project manager, you're likely concerned about meeting the time and budget commitments you've made for your projects. This concern is justified, as a significant percentage of projects often finish over time and over budget.
Traditional project management software is unable to address VUCCA (Volatility, Uncertainty, Complexity, Constraint, and Ambiguity) conditions, resulting in unreliable commitments and suboptimal decisions being made throughout the entire project lifecycle.
Our Project Portfolio Digital Twin (PPDT) enables you to fully consider VUCCA conditions at every stage of the project, empowering you to confidently make budget and time commitments.
2 - How much better can we do, by changing the rules used for Planning & Execution?
As you strive to implement best practices like Agile, Scrum, or Critical Chain for your projects.
It's not easy to determine which approach will be most effective for a specific project. Outside a proof of concept, it's difficult to determine which methodology will be most beneficial for your projects.
Our PPDT includes a vast library of best practices. You can run scenarios to compare different best practices and determine which gives you the best result for your projects.
2 - How Much Better Can We Do, By Changing The Rules Used For Planning & Execution?
As you strive to implement best practices like Agile, Scrum, or Critical Chain for your projects.
It's not easy to determine which approach will be most effective for a specific project. Outside a proof of concept, it's difficult to determine which methodology will be most beneficial for your projects.
Our PPDT includes a vast library of best practices. You can run scenarios to compare different best practices and determine which gives you the best result for your projects.
Our Goal: 10X Return On Investment
Experience the future of project management in a virtual, low-risk environment, and see the potential financial benefits unfold.
Should the ROI calculator project a return of 10X or even more, we urge you to contact us immediately. You could be leaving a lot of money on the table, and our Project Portfolio Digital Twin can help you uncover it.
Try our ROI calculator now and discover how much more your organization can earn and save by using our Project Portfolio Digital Twin.
3 - Do we Have Sufficient Resources to Maintain Project Flow and Prevent Delays?
We understand that you strive to strike the right balance of resources to ensure smooth project flow and prevent delays. Having too few resources can lead to waiting times, while having too many results in wasted capacity and increased costs.
Traditional project management software struggles to account for VUCCA factors, such as variability in task duration or the impact of unplanned events on resource loading. Relying on average resource utilization can be misleading and fail to identify potential bottlenecks.
Our PPDT allows you to accurately identify resource bottlenecks and excess resource situations during any stage of the project, helping you make decisions to optimize resource allocation and prevent delays.
4 - How do we resolve resource contentions to create an optimal critical chain plan?
Critical path plans often ignore resource constraints, leading to unrealistic time and budget commitments. To transform a critical path plan into a critical chain plan that considers constrained resources, you must address resource contentions.
Complex projects with numerous tasks and shared resources present multiple ways to resolve resource contentions. Suboptimal resolutions can result in longer project durations and increased costs. Even with Critical Chain software, there's no guarantee that the most optimal solution has been identified.
Our PPDT allows you to explore all options for resolving resource contention using both backward and forward scheduling. The PPDT evaluates all possible resolutions and enables you to select and export the most optimal critical chain plan, which can then be imported into your preferred project management software.
4 - How Do We Resolve Resource Contentions To Create An Optimal Critical Chain Plan?
Critical path plans often ignore resource constraints, leading to unrealistic time and budget commitments. To transform a critical path plan into a critical chain plan that considers constrained resources, you must address resource contentions.
Complex projects with numerous tasks and shared resources present multiple ways to resolve resource contentions. Suboptimal resolutions can result in longer project durations and increased costs. Even with Critical Chain software, there's no guarantee that the most optimal solution has been identified.
Our PPDT allows you to explore all options for resolving resource contention using both backward and forward scheduling. The PPDT evaluates all possible resolutions and enables you to select and export the most optimal critical chain plan, which can then be imported into your preferred project management software.
5 - What is the impact of unplanned events, and how can we best mitigate them?
Murphy's law states that if something can go wrong, it will. In projects, unplanned events like scope changes, resource unavailability, and supply delays are common, and buffers are typically included to absorb the impacts.
Predicting the exact impact of unplanned events on project time and budget commitments, as well as the best mitigation strategies, is challenging due to the numerous interdependencies in projects.
Our PPDT allows you to easily add unplanned events, examine their full impact on your project, and test various strategies to find the most effective mitigation approach.
Optimize Your Projects and Overcome Challenges with Confidence
Schedule your free call with us, and learn how our PPDT can help you tackle resource constraints, mitigate unplanned events, and improve your project performance.
6 - What’s the ideal Work-In-Progress (WIP) level to maintain project flow?
To achieve optimal project flow, it's crucial to limit work-in-progress (WIP).
Limiting WIP can be done at the project, phase, or task level, and due to VUCCA conditions, it's challenging to determine the ideal WIP limit and when to adjust it in response to changes in project mix or resource availability.
Our PPDT simplifies the process of identifying the most effective WIP control mechanism and WIP limit, as well as determining when and how to adjust these for the best project flow.
6 - What’s The Ideal Work-In-Progress (WIP) Level To Maintain Project Flow?
To achieve optimal project flow, it's crucial to limit work-in-progress (WIP).
Limiting WIP can be done at the project, phase, or task level, and due to VUCCA conditions, it's challenging to determine the ideal WIP limit and when to adjust it in response to changes in project mix or resource availability.
Our PPDT simplifies the process of identifying the most effective WIP control mechanism and WIP limit, as well as determining when and how to adjust these for the best project flow.
7 - What will the impact be if everyone complied to the rules?
In reality, people don't always comply with project and execution rules. They may start projects too soon or not adhere to the right priorities.
When projects don't deliver on time or within budget, it's difficult to know whether the cause is suboptimal rules or a lack of compliance with those rules.
Our PPDT can simulate full vs. partial compliance with the rules you've implemented, demonstrating the impact on time and budget commitments. This helps you identify potential issues and adjust your approach accordingly.
8 - How Do we Determine The Most Effective Rules To Implement A Specific Principle?
There is a general consensus on the principles to implement, such as controlling WIP and having a single priority system.
There are multiple rules that can be used to implement any principle. For example, Agile or Critical Chain can be used to limit WIP and decide on task priorities. It's challenging to know which rule is best to implement a specific principle in your particular environment.
Our PPDT provides users access to a library of best practice rules that can be directly compared to determine which rules give the best results for implementing agreed-upon principles. This approach ensures that you select the most effective rules for your specific project environment.
8 - How Do We Determine The Most Effective Rules To Implement A Specific Principle?
There is a general consensus on the principles to implement, such as controlling WIP and having a single priority system.
There are multiple rules that can be used to implement any principle. For example, Agile or Critical Chain can be used to limit WIP and decide on task priorities. It's challenging to know which rule is best to implement a specific principle in your particular environment.
Our PPDT provides users access to a library of best practice rules that can be directly compared to determine which rules give the best results for implementing agreed-upon principles. This approach ensures that you select the most effective rules for your specific project environment.
Project Portfolio Digital Twin
Demo From The CEO
Dr. Alan Barnard, CEO & Co-Founder of Goldratt Research Labs does a demo of the Project Portfolio Digital Twin.
Are You Ready To Benefit From Digital Twins As Part Of Your Digital Transformation To Improve Project Performance?
Our Project Portfolio Digital Twin has helped numerous organizations optimize their projects, minimize delays, and reduce cost overruns. Learn more about how we can help you and your organization by clicking the button below to book a free call with us.
Case study presentation highlights
Discover How Our PPDT Improved Efficiency And Profitability For A Multinational Turbine Manufacturer
Discover How Our PPDT Improved Efficiency And Profitability For A Multinational Turbine Manufacturer
Case study presentation highlights
Project Portfolio Digital Twin, a product developed by Goldratt Research Labs
All Rights Reserved © 2024
Have a question or want to learn how the Project Portfolio Digital Twin can help your company?
Send Us An Email
marketing@goldrattresearchlabs.com
Project Portfolio Digital Twin, a product developed by Goldratt Research Labs
All Rights Reserved © 2024
Have a question or want to learn how the Project Portfolio Digital Twin can help your company?
Send Us An Email
marketing@goldrattresearchlabs.com