SAP's xApp Resource & Portfolio Mgmt
SAP AG has announced the global availability of the latest version of SAP xApp Resource and Portfolio Management (SAP xRPM), an application whose stated purpose is to help companies align projects and services with corporate objectives for achieving greater business agility.
The application, that works across a company’s existing IT environment, will provide a consolidated view into enterprise wide business portfolios and will deliver capabilities that helps organizations better prioritize allocation of resources, including people, equipment and budgets, that support key business initiatives, said the company.
SAP xRPM will also allow companies to automatically achieve transparency into projects and operations across the enterprise for identifying and assigning the right talent, equipment and financial backing for initiatives that support business goals.
Leveraging this composite application, companies can evaluate scenarios and conduct project comparisons to identify the most optimal use of resources. SAP xRPM will enable cross-functional business processes and support greater insight into operations management.
The latest version of SAP xRPM will offer new capabilities and allow companies for using a single application for portfolio management across different functional groups in the organization.
The company added that users would be empowered to prioritize resource allocation by ’scoring’ portfolio items based on aggregation of qualitative and quantitative criteria, such as risk, feasibility and commercial value.
SAP xRPM would provide specialized templates and configurations that deliver support for operational groups including new product development, IT, enterprise asset management and Six Sigma. The application supports best practices and methodologies such as CMMi and ITIL for IT and Stage Gate and Spiral Up geared towards new product development.
Built on the SAP NetWeaver platform, SAP xRPM can work as a modular composite application that leverages a company’s existing heterogeneous IT environment of disparate human resource, financial, project management and desktop systems.
Also, integration between SAP and non-SAP applications will speed up implementation times and reduces total cost of ownership (TCO). AP xRPM will leverage SAP NetWeaver Business Intelligence for producing intuitive graphical reports detailing project cost information, financial forecasts and also other key performance indicators.
The company said SAP xRPM is a member of a growing family of SAP xApps, composite applications that would be designed to support business innovation and allow companies to be more flexible in responding to changing business conditions. More than 150 SAP xApps will be available by the end of the year, and will leverage enterprise SOA to deliver process automation and lower TCO across existing IT investments.
Sudipta Bhattacharya, Senior VP of Solution Management, Product and Technology Group, SAP Labs said, “SAP continues to lead the market with the creation and delivery of flexible solutions that support continuous business innovation. The launch of this enhanced SAP xApp further demonstrates our commitment to delivering easy-to-deploy composite applications that support specific business processes critical to the success of leading corporations worldwide. SAP xRPM works across a company’s existing IT environment supporting lower TCO while driving new value out of their portfolio to best reflect organizational objectives.”
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