SOURCE: The GenSight Group

The GenSight Group

October 05, 2009 08:00 ET

The GenSight Group Announces Version 8.0 of Project Portfolio Management (PPM) Software

Enhanced Management of New Product Development (NPD), IT Projects and Corporate Portfolios With New Capabilities Including: Offline Data Entry and Financial Modelling via Microsoft Office, Advanced Project Hierarchy Support, Extended Stage-Gate Methodology and Superior Reporting Capabilities

LONDON and DOYLESTOWN, PA--(Marketwire - October 5, 2009) - The GenSight Group, a leader in Project Portfolio Management (PPM) software, has announced the release of GenSight version 8.0.

GenSight v8.0 is a scalable, web-based Enterprise Portfolio Management application that enables medium and large organisations to analyse, prioritise and manage portfolios of projects. The new release builds on the high configurability and flexibility of GenSight's previous release, v7.2, with features to further facilitate enterprise-wide portfolio management, including project management processes, enterprise-wide analytics and reporting.

With support of the OpenXML data format, GenSight v8.0 allows users to synchronise data with Microsoft Office applications. This enables GenSight users to work offline, and to share data with non-GenSight users who can participate in the project management process using applications such as Microsoft Word and Excel. Documents such as business briefs, risk assessments, and market evaluations can be created, distributed and uploaded to the GenSight database. The complete document is stored against the project and can be accessed at any time. Financial users can set up and run complex Excel models such as P&L projections, cost analysis, or cashflow, and upload them to GenSight.

David Munt, co-founder and managing director of The GenSight Group, said: "Project Portfolio Management is not a field that stands still, which is why we constantly revise and re-invigorate what we do to stay one step ahead of the demands of this market. We're able to do this because we don't create software in a bubble -- we develop timely, practical technology that meets real-world needs through our deep understanding of the business processes involved."

He explained: "We realise that companies are facing new challenges all of the time and require intelligent, flexible tools that will help them overcome a range of constraints in very demanding business environments. We've delivered new features in GenSight 8.0 that will genuinely help businesses improve their decision-making capabilities, support structured product development processes, and enable more sophisticated business modelling than ever before. Enhancements such as greater visibility into the project management process, integration of OpenXML data and support for complex project hierarchies are not trivial updates -- they are major responses to the ongoing evolution of PPM, and they will give our customers a significant edge."

GenSight v8.0 supports flexible project and workflow hierarchies through all stages of global PPM from idea creation through to launch. The hierarchical data model of GenSight is fully configurable, with support for uneven hierarchies, workflow, inheritance and data aggregation rules.

The new version supports the upload and display of common image formats to enhance information sharing and Idea Management processes. It also has data audit reporting that allows executives and project managers to log in and instantly query what data or status flags have changed, or not changed, since the last review. System administrators benefit from the enhanced configuration management features including the logging of each configuration change.

Web Browser compatibility is extended to include Mozilla Firefox in addition to Internet Explorer v6.0, 7.0 and 8.0.

About The GenSight Group

GenSight is a leading provider of Project Portfolio Management software. Its Fortune 100 customers regard the company as the best-in-class provider of portfolio management including portfolio analysis, visualization and decision support technology. The GenSight technology uses proprietary optimization algorithms to master the complexity of portfolio management and strategic choice. The solution is proven and has been implemented on a global basis by leading corporations across diverse industries such as pharmaceuticals, healthcare, consumer products, chemicals, financial services and telecommunications.

The company's co-founders, David Munt and Mike Menard, have over 25 years' experience of technology development and portfolio management, respectively.

Contact Information

  • Media Contacts
    Prompt Communications on behalf of GenSight
    Hazel Butters or Laurie SantaLucia
    UK +44 (0)20 8996 1652 / +44 (0)7780 687813
    US: +1 617 401 2717 / +1 617 291 9899
    Email Contact