The cost of not simplifying your project portfolio management in Jira

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There's one single truth when working with projects: managing them one by one can be very costly, and not many people are aware of that.

Performing manual actions within project portfolio management activities, especially as the portfolio scales, can become a slow and error-prone process, potentially draining your team's focus (unacceptable in the AI era). 

Just imagine the situation: as the PMO, you need to refresh dozens of project statuses weekly alongside your PMPs. Those meetings will become unbearable, and not much productive, time-consuming, and of course, stressful.

Why not simplify your PPM in Jira?

Managing multiple projects in Jira without help. It means some manual work will be done. Yes, those silent productivity killers.

The overhead of not solving this earlier grows exponentially with each new project added to the portfolio, and what started as a few extra clicks per week snowballs into hours of lost productivity, and we don't want that, right? On the contrary, this will impact:

• Delayed visibility and misinformed decisions
• Rework cycle and reporting overhead
• Lack of accountability and tracking
• Escalation of chaos    
• Data errors

How to solve those pains and how much will be saved?

As small inefficiencies compound quickly, such as missed updates and endless back-and-forth, Projectrak for Jira turns manual work into healthier (and lighter!) project management by:

• According to Wellingtone, 47% of organizations lack real-time project visibility, so eliminating delayed project visibility with project data would be solved.
• Preventing rework and duplicates. With a solution like Projectrak, you can reduce 25% of the work, which means €63,000 saved annually.
• Get stakeholder accountability. As visibility enforces accountability, for a €1M project portfolio, using this solution, it could mean saving €30,000+.
• Reduce escalation delays by reducing the need for late project interventions, directly improving project stability, and potentially saving 5–10% of project overruns.
• Prevent data entry errors by standardizing data inputs and cutting human error, given that manual input errors account for 20–30% of operational waste for a mid-sized team.

Learn how to get all these benefits by getting the piece to implement a light solution for project portfolio management for Jira and its advanced edition. Start adding real-time visibility, bulk editing, timeline and milestone control, and automation to your project workflow.

If you want to drill more about these calculations and check in detail how you can save your company money, keep reading here.