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Beyond the inherent need in virtually every large enterprise to streamline and reduce costs and raise productivity, the major drivers accelerating Resource Portfolio Management adoption include:
- The need for Resource knowledge to respond to regulatory mandates for data privacy, such as the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act;
- Pre-contract negotiation and post-outsourcing monitoring; and
- RPM's eventual melding with other portfolio management disciplines, such as Product Portfolio Management, Project Portfolio Management, Risk Portfolio Management, Service Portfolio Management, and much, much more.
KnowIT for Resource Portfolio Management
The KnowIT platform is ready to act as your Resource Inventory solution. It's Resource Management module allows enterprises to catalog and track each and every Resource in their organization. With the KnowIT platform, enterprises can now:
- Understand and manage all Resources across all organizations within your enterprise, regardless of region
- Track critical Resource factors, such as severities, roles, responsibilities, skill sets, and much more, allowing your enterprise to easily understand what Resources are most important to your enterprise and its stakeholders, world-wide
- Manage and publish Resource strategies, allowing stakeholders, world-wide to easily see and understand the intent for each Resource
- Track and manage Resource dependencies, between Resources and other Resources, Projects, Products, Assets, Resources, Organizations, Locations, Documentation, and much, much, more
- Track and manage Resource lifecycles and their related states
- Easily create and publish reports that help dimensionalize your Resource portfolio according to what is important to its stakeholders
- Easily chart and graph characteristics of your Resource portfolio, without leaving the platform
- See elaborate visualizations that highlight dependencies that are critical for managing your portfolio
- Track and manage your Resource costs by understanding costs of the Resources, themselves, and associated dependencies that are typically hidden from conventional management practices
With KnowIT, you and your enterprise can now see what Resources it has, world-wide, and can easily access and manage critical information that helps manage its costs, productivity, quality, and ultimately its revenue.
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