The Four Step Process: Superior Analytics For Superior Results
Optsee® uses a step-by-step process that blends modern decision science with artificial intelligence research to objectively rank and optimize your business investments based on your strategic goals and values. You'll have a system for building project portfolios and budgets that will be faster and more value-adding than ever before. And when business conditions change, you'll be able to react quickly and adjust confidently. Plus, you'll be able to clearly explain to your stakeholders the logic and process behind your decisions.
Step 1: Build your model and portfolio to rank your projects
Building your decision model is straightforward: enter your attributes (such as costs, timing, resources, etc.) to create your decision model, and then enter each project business case into a portfolio. Optsee® instantly ranks your projects based on your strategic preferences so you'll know which are your very best projects based on an objective analysis.
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Step 2: Prioritize your projects by business value using the Optsee Prioritizer™
Instead of just ranking your projects using 1 or 2 models, you can get more robust and meaningful ranking by using the exclusive Optsee Prioritizer™. With just a few clicks, you can automatically test your projects in up to 100,000 different decision models. In seconds, your results are displayed in charts and forms that show you a clear statistical ranking by value to your business of all your choices. And you don't need to be a statistician to understand and present your analyses - custom Optsee® charts automatically display your results in a clear and comprehensible format.
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Related Videos:
| Prioritizing Projects Using the Optsee® Monte Carlo Simulation Engine (5:49) |
| Analyzing the Results of a Project Portfolio Monte Carlo Simulation (7:36) |
Step 3: Optimize against cost and resource constraints to select your best project set
Selecting the right set of projects to fund when you have multiple constraints is hard. Even with as few as 30 projects there are over 1 billion combinations of projects. How do you pick the best selection? It's easy using the Optsee Optimizer™. The Optsee Optimizer™ uses a proprietary algorithm to quickly and rigorously optimize your portfolio under multiple constraints, such as limited budgets, time, resources and project dependencies. You just select your constraints and click "Optimize". You can shift resources and costs and compare the results of different optimizations in the optimization comparison form, and you can also optimize to efficient frontiers to get the "biggest bang for your buck".
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Step 4: Chart your portfolios and track your progress against baselines
Optsee® charts show you extremely insightful pictures of how your choices are distributed in your portfolios. Bubble and Uncertainty charts show you which choices are your best and why. Sensitivity charts help you predict the effects of changes in your choices or decision model. Optsee® has over 30 different chart-types built-in, so you can visualize and present your portfolio and model in many different ways.
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Optsee® Trend-Trackers allow you to track your projects and portfolios against multiple saved baselines so you can closely see how your projects and portfolios are doing over time. You can "drill-down" deeply into the trends to see at-a-glance changes at both the portfolio level as well as the individual attribute values at the project level.
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Related Videos:
| Creating and Using Bubble Charts in Project Portfolio Management (5:55) |
