The head of transformation office was repeatedly faced with the same challenge in project management: The control functions of the classic project management tool were not sufficient to carry out practical and reliable financial benefit tracking. The corresponding figures had to be entered manually into many separate Excel tables and were laboriously consolidated into an overall result. Incomplete information, outdated data and human errors were pre-programmed here.
However especially in the case of major strategic projects and transformation initiatives, it is crucial for success that the financial benefits are continuously reviewed: Is the project still on the right track? Are there adjustments to be made or even parts to be completely restructured? Efficient financial benefit tracking therefore often requires an extension of the existing PM tool or the use of a new application.