HEALDSBURG, Calif.--(BUSINESS WIRE)--Métier, the business management and optimization platform, announced the launch of the global project portfolio management volatility benchmarking. Collected in real-time from customers worldwide, this key performance indicator is a unique capability delivered by Métier’s business management and optimization platform.
Project volatility incorporates concepts instantiated in Métier’s business management and optimization platform, including Métier’s patent portfolio, business intelligence engine, project portfolio management software, big data analytics and professional services. Métier’s patented concept of churn allows the volatility metric to be calculated and the differentiated taxonomic structure allows the metric to be easily benchmarked and provided by industry, skill, type of project and more.
Similar to stock volatility, project volatility provides Métier customers with visibility into how many events in their portfolio are deviating from the plan, including early and late events or changes in scope. Of note, Métier data scientists were initially surprised to see how volatility changes during end of quarter business activities and with international focus on sporting events, like the FIFA World Cup.
“$12 trillion of our economy is based on intangibles, or projects, and they fail 30% of time while deviating from the plan 44% of the time. In today’s market, understanding if your projects are deviating from the plan is essential to cost containment. Having the ability to benchmark your project volatility in real-time against other organizations worldwide is real business intelligence,” said Douglas Clark, chief executive officer at Métier. “While anyone can view the project volatility benchmark on our website, we are offering volatility forecasting exclusively to our customers.”
Métier provides an award-winning business management and optimization platform that is built upon a foundation of industry-enhancing patents based on computational semantics. Métier’s platform combines project portfolio management software, big data analytics, business intelligence and cloud-based PMO managed services to ensure organizations are getting their ideas to market quickly and making improvements that affect the bottom line. Founded in 1998, Métier is headquartered in Healdsburg, CA and works with customers globally, across public and private sector industries. For more information about how Métier can help your organization workforward®, visit www.metier.com or call 1.877.965.9501.