Revolution in rail transport – efficient solutions with proMX 365 Project Portfolio Management

Around 1.7 billion people[1] worldwide regularly use rail transportation. To meet the increasing demands and continuously improve service, new goals have been set. These include a comprehensive renewal and expansion of the entire rail network. In Germany for example, over 2,000 kilometers of track, 2,000 points, 150 bridges and 1,000 stations are due to be extended, modernized and renewed, with the aim of completing the entire plan by 2030[2].

Challenges in the rail network

The far-reaching modernization of the rail network is urgently needed, as outdated infrastructure triggers a chain of problems. An overused railway network, caused by too many trains on too few tracks, leads to a domino effect of difficulties.

This overload leads to frequent construction work to renew worn-out tracks, which in turn causes numerous disruptions and delays. A complete renewal is essential to resolve these fundamental issues.

Requirements for a successful infrastructure project

This requires a multitude of projects and careful planning in order to drive construction forward quick and precise. Numerous factors play a decisive role in proper project planning:

• Costs,
• resources,
• challenges and
• coordination of all projects must be carefully considered. With the help of innovative software, these complex requirements can be met effectively and precisely.

proMX 365 Project Portfolio Management as solution

To successfully implement the comprehensive modernization of the rail network, numerous problems must be overcome. These can be solved efficiently with a tailored software such as proMX 365 Project Portfolio Management.

Portfolio management is essential for companies to make informed decisions aligned with their goals.

• It includes demand management, which systematically evaluates external project requests.
• Effective resource management ensures that tasks are distributed efficiently, so important projects receive the necessary attention.
• Time management helps to better predict project durations and identify bottlenecks at an early stage.
• The whole process is rounded off by financial management, which enables precise forecasts and risk assessments to ensure financial stability and project success.

How to overcome the challenges with proMX

proMX 365 Project Portfolio Management is a versatile tool that offers numerous features to significantly simplify project management and increase its efficiency.

The software allows you to gain a central overview of internal and external projects by bringing all relevant information together in one place. This way, you can visualize data to make informed decisions, track project progress, adjust resources flexibly, and keep stakeholders up to date consistently.

• The overloaded network and the resulting frequent construction work lead to massive delays and breakdowns. The software provides enabling precise planning and coordination of construction projects. The central overview of all ongoing and planned projects in one central location minimizes overlaps in the construction process. This reduces disruptions to train services.

• Resource management also plays an important role. Several projects must run smoothly at the same time during the modernization process. The optimal distribution of resources, materials, and budget is a key challenge. proMX software allows companies to manage these resources flexibly. This enables early detection and resolution of bottlenecks, ensuring that the various projects are managed optimally and completed without unnecessary delays.

• Cost control and financial management are crucial to keep projects within budget. The software enables an accurate financial forecast and risk assessment to be drawn up so that the budget is used optimally. Furthermore, potential cost fluctuations are detected early, allowing for easy resolution.

• Time management helps to better calculate the durations of various project and respond to unexpected delays. The project managers of the respective construction works can thus monitor them seamlessly to complete the schedule in full and efficiently by 2030.

Conclusion

Overall, proMX 365 Project Portfolio Management offers the perfect support to manage the complexity of projects, managing them efficiently and achieving the long-term goals of modernization.

If you are interested in proMX 365 Project Portfolio Management, please feel free to contact us!

[1] https://de.statista.com/statistik/daten/studie/13626/umfrage/reisende-im-schienenpersonenverkehr-der-db-ag/

[2] https://www.deutschebahn.com/de/presse/suche_Medienpakete/Umfassendes-Infrastrukturprogramm-fuer-mehr-Kapazitaet-und-Qualitaet-7250964