PPM Studio's latest release to aid PRINCE 2 practitioners & enterprises in taking project and portfolio governance to a better maturity level

Online, May 4, 2010 (Newswire.com) - London, United Kingdom, 04th May 2010: SemanticSpace Technologies, a specialized IT Services provider offering Application Management & Systems Integration Solutions, enhances its flag ship governance solution, PPM Studio, to include a pre-configured PRINCE 2 based project management metrics & reports suite.
Using PRINCE2 based workflows with inbuilt document and communication management features, PPM Studio equips enterprises with unprecedented project visibility and improved work-group communication. It extends its project management capabilities to Application Life cycle management facilitating project teams to capture business requirements, risks, issues, project documents, communication & defect tracking to dramatically improve team collaboration and productivity. It follows the guide lines given by OGC in Managing & Directing Successful projects with PRINCE2's latest 2009 version.
Following this release, PRINCE2 practitioners will now be able to configure their custom project dashboards with frequently used metrics and management reports. PPM Studio offers pre-configured metrics including planned vs. actual effort, planned duration vs. actual duration and planned cost vs. actual cost. Other important metrics available in PPM Studio suite include Earned Value Management, Base Line Comparison and Resource Capacity management.
To learn more about PPM Studio-PRINCE2, please visit http://www.ppmstudio.com/Prince2.aspx

Speaking on the occasion of this release, Shivaji Mukthavaram, Vice-President (Product Engineering) said "Product development environments especially in UK are extensively using PRINCE2 methodologies to manage their project teams. PPM Studio-PRINCE2 facilitates a simple, intuitive management framework that streamlines the complete product management process, while providing strong governance around multiple development projects".

PPM Studio assists PRINCE2 tuned enterprises to manage their projects and team activities including setting up roles & responsibilities, understanding expectations to deliver and support guidelines when required. It aids Management in setting direction for project managers, empower them to execute projects within set guidelines in addition to tracking metrics & monitoring reports.

About PPM Studio
PPM Studio is an end-to-end, scalable, enterprise project portfolio management solution that helps organizations in managing IT projects from inception to delivery. This solution has been developed by SemanticSpace Technologies, a specialized IT services provider with a proven track record of over 1000 successful project executions across diverse technology platforms.