Agile Project Portfolio Management: Selection and Capital Budgeting
In the face of unpredictable economic environments, traditional and disconnected tools like spreadsheets make it challenging to select and budget your capital project portfolio effectively.
Stratex Online project portfolio management and budgeting provides a more agile, efficient, and effective approach to optimize your capital budget allocation and thereby maximize your return on invested capital and expedite achievement of strategic goals with greater confidence.
Manage Capital Budget
Allocation by Area and Category
Allocation by Area and Category
Capital budget allocation processes require combining top-down resource capacity constraints and zero-based budgeting techniques to achieve the optimal balance in capital budget level and allocation.
Stratex Online enables departmental sponsors to optimize their project portfolios and the capex controller to allocate funding by area and investment category to align with strategic priorities and ensure the effective application of resources.
Optimize Project Portfolio Management Requests
Executive sponsors need to ensure that time and money is not wasted on bad projects, and that resources are allocated to the most beneficial initiatives in support of the organizational strategy.
Stratex Online provides managers with consistent and dependable information for each initiative and generates sophisticated project portfolio management recommendations to ensure optimal project selection.
Forecast Cashflow and Profitability impact of your Project Portfolio
Projecting the future impact of your budgeted capital project portfolio is vital for effective operational management and planning.
Stratex Online enables financial controllers to efficiently generate reliable cashflow and financial impact reporting based on the centralized financial analyses of all budgeted projects.
Dynamic Project Portfolio Budgeting: More agile resource Allocation and Planning
Amidst the challenges of a pandemic, war, inflation, climate change, and technological transformation, traditional annual budgeting cycles fall short in allocating funds and resources where they are most needed.
Stratex Online embraces a continuous budgeting process and to facilitate effective planning and coordination budget revisions are meticulously tracked and approved.
Transform your Project Portfolio Management and Budgeting Process with Stratex Online
Stratex Online is a software as a Service (SaaS) solution powered by IQX Business Solutions that enables organizations to effectively evaluate candidate projects and select portfolios within resourcing and budget constraints that deliver maximum value. Automation of the project selection, submission and approval processes takes the pain out of the budgeting process, allowing budgeting to be more efficient, frequent, and aligned to the current operating environment. Get Stratex Online to make sure you’re assessing projects effectively and optimizing project portfolio management to maximize your return on invested capital!