Project Portfolio Management (PPM) is a strategic approach to managing and organizing an organization's projects and programs in a centralized way. The primary goal of PPM is to ensure that projects and programs align with the organization's overall objectives, priorities, and strategies. Clarity, in the context of Project Portfolio Management, often refers to software solutions or tools that facilitate the management of project portfolios.
CA PPM (Clarity Project and Portfolio Management), which is a widely used PPM software. CA PPM, now part of Broadcom, is designed to help organizations effectively manage their project portfolios, resources, budgets, and timelines.

Centralized Visibility:

•  PPM tools provide a centralized platform for organizations to view, analyze, and manage their entire portfolio of projects. This visibility helps in making informed decisions and ensures that projects align with strategic objectives.

Resource Management:

• Clarity enables organizations to effectively allocate and manage resources across different projects. It helps in preventing resource overallocation or underutilization, ensuring optimal utilization of available talent.

Portfolio Optimization:

• PPM tools help organizations prioritize and optimize their project portfolios based on factors such as strategic alignment, resource availability, and financial constraints.

Collaboration and Communication:

• Effective communication and collaboration are essential for project success. PPM tools often include features that facilitate communication among team members, stakeholders, and project managers.

Financial Management:

• PPM tools assist in budgeting, cost tracking, and financial planning for projects. This helps organizations to monitor and control project costs, ensuring that projects stay within budget constraints.

 Risk Management:

• Identification, assessment, and management of risks are crucial in project management. Clarity and other PPM tools provide features to identify and address potential risks associated with projects.

Reporting and Analytics:

• PPM tools offer reporting and analytics capabilities, allowing organizations to track key performance indicators, measure project success, and generate insights for continuous improvement.

Customization:

• Many PPM tools, including Clarity, allow for customization to meet the specific needs of an organization. This includes custom fields, workflows, and dashboards.

Implementing a PPM solution like Clarity can bring about significant improvements in an organization's project management capabilities, leading to better alignment with strategic goals, improved resource utilization, and overall project success.