As businesses grow, you’ll have to manage many projects which can become a complex activity, that needs streamlined processes to achieve optima results. That’s where application lifecycle management (ALM) solution comes into the picture.  

You can integrate these tools to monitor all your project effectively, track changes and ensure all requirements are met within the project timeline.  

In this article, you will learn how these features help you streamline your business processes for efficiency, and cost saving. 

Manage Multiple Projects from One Dashboard

Managing multiple projects simultaneously often leads to bottlenecks, missed deadlines, and inefficient resource allocation. Your teams struggle to prioritize tasks effectively and may lose track of important assignments. 

However, a single, comprehensive system allows you to have a bird’s eye view and control of all project aspects. Different teams can access up-to-date information, track progress, and manage resources more effectively.  

For example, using the project management feature in SpiraPlan, you can manage and trace all projects using a dynamic planning board and insightful dashboards. The dashboards provide a bird’s eye view summary of vital project details for a quick, comprehensive status insight.

Enhanced collaboration and communication

Communication breakdowns are common when different teams use separate tools or systems. This can result in misaligned goals, duplicate efforts, and a lack of shared understanding across the organization.

With an all-in-one agile project management tool like SpiraPlan, your teams can communicate seamlessly, regardless of their role or location.

This software has a program and portfolio management feature that serves as a central hub for collaboration, resource optimization, and meeting critical deadlines.

ALM tools like SpiraPlan allows you to confidently manage multiple teams working remotely or from different company offices globally. The centralized ALM features lead to better alignment, faster problem-solving, and improved team cohesion.

Improved traceability and accountability

A familiar element with teams working on multiple projects is the distributed management tools and platforms. Software, marketing, sales, quality assurance and other teams all have dedicated platforms they use and work at a different pace. Without a centralized system, tracking overall project progress becomes time-consuming and increases the risk of error.

This creates a problem for managers and stakeholders when they want to get a clear picture of project status, resource utilization, and potential roadblocks. The result is multiple email threads, missed deadlines or compliance issues that might cost you money and clients.

However, when you connect all information and progress reports to one system, it becomes easier to trace requirements, changes, and decisions throughout the project lifecycle. You don’t have to chase feedback or CC the project manager on multiple email threads for updates.

The integrated ALM tool allows you access to all information in real-time, increasing visibility and accountability and helping in compliance and auditing efforts.

Time and cost savings

Disjointed processes are one of the major challenges teams faces when working on multiple projects without a centralized monitoring system. This challenge increases the likelihood of human error as it allows important details to fall through the cracks, leading to quality issues, missed requirements, or compliance problems.

Using an application lifecycle software allows you to automate many manual processes and reduce the need for context-switching between different tools. With these tools integrated into your project lifecycle management, you can significantly reduce time waste and operational costs.

For example, when faced with an integration and troubleshooting challenge, ORIX-METRO, a leasing and financial services company, turned to SpiraPlan software to streamline the process. The implementation allowed them to increase project delivery time by 30%, leading to faster time to market, amongst other benefits.

Streamline Your Business Processes with SpiraPlan

Don’t let disjointed processes hold your business back. Take the first step towards streamlining your business processes by exploring how SpiraPlan can transform your organization. Book a personalized demo and see how this integrated ALM tool can drive efficiency, quality, and innovation in your project lifecycle.