Today I attended a brief training of Microsoft Office Project Portfolio Server (MOPPS) 2007. MOPPS 2007 is part of Microsoft's Enterprise Project Management suite, which also includes Microsoft Office Project Server. It allows creation of a project portfolio, including workflows, hosted centrally, so that the information is available throughout the enterprise, even from a browser (as per Wikipedia entry).
As I understood, the product provides two major modules: builder and optimizer. The scope of training session included only builder module, which is all about maintaining data about projects and resources. Obviously, this data maintenance can be configured to be very systematic hence can become quite useful for gaining visibility into project portfolio. The software allows grouping the projects as per programs, portfolios and organization units. It supports workflow feature, which allows move the project across the stages such as RC&BRD, Reject/Hold, Imp/Dev. The stages are specific to the project class such as application maintenance and application development. The software allows configuring which data fields (grouped as tabs) become editable or read-only or invisible depending on the current stage of the project. That makes the data collection quite disciplined. The examples of groups of data fields include budget cost, benefit estimation, strategic impact, Risk, schedule, cost tracking and document management. Also there is an audit trail, which captures all the user actions for possible review later.
The trainer also showed a feature called dashboard, which as name implies, can show the selective attributes (mainly iconic attributes) of selective projects. There is a similar feature called scorecard, which can show selective attributes of all projects. This scorecard, which is part of Builder module, can also be used for navigating through the projects.
Overall I found this training session useful for getting an awareness of the software product.