Wovex

Wovex is a Benefits Realisation Management software designed to assist organizations of various sizes in tracking, managing, and reporting on benefits and measures. According to the vendor, this solution is widely used by professionals in project management, program management, portfolio management, business analysis, and IT management across a range of industries.

Key Features

Benefit Mapping: According to the vendor, users can create benefit maps to track, manage, and report on benefits and measures. This feature allows for the visualization of the logical sequence of benefits to achieve objectives and their connection to corresponding initiatives.

Centralised Information: The software enables the capture and management of data on benefits, measures, initiatives, people, and assumptions in a centralized manner. The vendor claims that secure access to multiple workspaces ensures the protection of sensitive information. Additionally, users can consolidate tracking data for projects, programs, and portfolios for efficient data management.

Automated Tracking: The product offers the ability to forecast and capture tracking data for measures with flexible measurement frequencies. According to the vendor, the software can auto-calculate actuals, forecasts, and other tracking data, streamlining the tracking process. Furthermore, users can consolidate and report on tracking data for multiple projects and areas.

Visualizations & Dashboards: Users have the option to create custom visualizations for ad-hoc analysis and access standard dashboards and instant graphs. The vendor claims that this feature allows for the comparison and prioritization of initiatives using scenario analysis, as well as the summarization of benefits performance with organizational dashboards.

Scenario Planner: According to the vendor, the software enables users to compare and prioritize different initiatives and areas for attractiveness. This feature allows for the application of constraints such as budget and time available. Users can include financial and non-financial benefits in the analysis and set expectations and resourcing needs for specific measure data.

Business Case Manager: The product provides a centralized location for capturing and managing all business cases, ensuring transparency on approvals and progress. According to the vendor, the focus is on cloud-based business case capture, allowing users to deep dive into benefit and initiative information.

Analyst/Planning Tools: The software offers pre-built business rules for common calculations and supports what-if analysis and dynamic simulation. According to the vendor, users can easily create benefit maps for different audiences and leverage predictive analytics to identify risk areas and improve success.

Scorecard Manager: Users can agree on important benefits and measures at each stage/phase, setting expectations for when specific measure data is needed. The vendor claims that this feature promotes knowledge sharing and learning with a global benefits library and enables the measurement and reporting of benefits at different levels of the organization.

Briefing Packs: The product allows users to generate briefing packs with all the necessary information and download deep-dive benefit and initiative information to Excel. According to the vendor, this feature supports owners and managers in effectively managing benefits and enables easy sharing and commenting on maps for audit and collaboration.

Measure Library: Users can create, share, and reuse standard measures to promote knowledge sharing and consistency. The vendor states that this feature includes financial and non-financial measures and provides support for granular access permissions at the item level for enhanced control and security.