Innotas Announces Cloud-Based Agile Portfolio Management Solution

SAN FRANCISCO, CA--(Marketwired - May 9, 2014) - Innotas today announced a Cloud-based Agile Portfolio Management solution that delivers portfolio management across agile projects, providing executives, PMOs, and program managers with improved visibility, cost tracking and resource management -- resulting in increased strategic alignment and better project ROI. Innotas, a leading provider of Cloud Portfolio Management solutions, delivers a seamless way to manage resources, applications and projects across the enterprise.

Innotas Agile Portfolio Management easily integrates with a range of agile development tools, such as Atlassian® JIRA®, giving organizations the flexibility to continue using their existing agile tools for team and project execution, while benefitting from portfolio and program management to meet business objectives.

"Our new Agile Portfolio Management solution is designed to give organizations a better way to manage the agile development process at the program and portfolio level to overcome several challenges -- lack of visibility, loss of predictability and limited cost tracking that are usually associated with agile project development," said Kevin Kern, CEO of Innotas. "With our new solution, we deliver dashboards and reports for predictable releases, long-term alignment and resource management -- helping to keep agile development on track and on budget."

Available immediately, the Innotas Agile Portfolio Management solution delivers:

• Portfolio Visibility and Planning: Configurable reports and dashboards to analyze development team and project work, such as new features versus maintenance or strategic versus operational. 
  
  
• Financial and Cost Tracking: Enables management to measure the true cost of agile projects by translating agile terminology to business terms used to run your business. 
  
  
• Resource Management and Time Tracking: Provides capacity and demand planning capabilities, including 'what-if" scenarios for insight into cross-team dependencies.
  
  
• Strategic Alignment: Tracks performance against initiatives and goals. Translates team velocity into predictable release planning and accurate product roadmaps.
  
  

According to A.T. Kearney research, 23% of agile projects have more than 200 people, causing poor understanding of cross-team dependencies. Most organizations use traditional (waterfall) business metrics to measure their active work and results against business objectives. The challenge with agile is that there is no standard process to map between agile and waterfall projects -- causing a gap between what development teams can provide and what management needs to know. Alignment and visibility are important in project management success. In fact, according to a recent Project Management Institute (PMI) study, high performing organizations are 2x more likely to have "high" alignment of projects to organizational strategy. 

"Innotas' extensive experience in portfolio management coupled with integration to industry leading agile software tools provide a single portfolio view of projects and resources across best-of-breed work management tools," said Tim Madewell, Senior Vice President of Services at Innotas. "There is a strong need in today's IT Organization for a single, easy-to-use portfolio management solution that supports both agile and waterfall projects -- our solution is unique in the industry today."

Innotas Agile Portfolio Management supports the popular Scaled Agile Framework® (SAFe™) methodology for scaling enterprise agile projects. SAFe, a proven, publicly available framework for applying agile practices at scale, was developed by a team of contributors headed by Dean Leffingwell.

"Leaders who oversee the portfolio are struggling to understand Agile. Innotas is moving the market closer to that long anticipated insight," said Barry Cousins, Senior Consulting Analyst, Info-Tech Research Group.

For more information about the new version of Innotas Agile Portfolio Management, please visit the Innotas website at: http://www.innotas.com/solutions-agile.

About Innotas
Innotas, the leading provider of Cloud Portfolio Management solutions, delivers a seamless way to manage projects, resources and applications across the enterprise. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), Resource Management, Agile Portfolio Management, and the Innotas Integration Platform. Innotas is ranked a "Leader" in the Gartner Magic Quadrant for Cloud-Based Project and Portfolio Management Services and a "Visionary" in the Gartner Magic Quadrant for Integrated IT Portfolio Analysis. Founded in 2000, Innotas is headquartered in San Francisco and has hundreds of customers nationwide, across healthcare, government, education and other industries. For more information, visit www.innotas.com or call 866-692-7362.