The Changing PPM Marketplace

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The Changing PPM Marketplace
Neil Stolovitsky (January 15, 2007)

The business imperative to align IT with strategic goals has created unprecedented demand for project portfolio management solutions, spurring consolidation in the marketplace while also bringing forth a number of new and refocused offerings. For organizations in search of PPM technology to meet their specific needs, the selection process can be daunting.

For project-oriented organizations, selecting the appropriate Project Portfolio Management (PPM) solution is a daunting task. When navigating the stormy waters of today’s PPM marketplace, project-centric organizations are faced with the challenge of sifting through marketing hype, vendor focus and market conditions that will impact the success of their PPM initiatives. This article will provide an overview of what project-oriented organizations need to know in order to navigate today’s quickly changing PPM market landscape by clarifying the direction of this market of consolidation, as well as map out the segmentation of PPM vendors that focus their efforts in Professional Services Automation and Project Portfolio Management.

In a market of one-time niche players targeting primarily professional services organizations, the PPM marketplace has experienced significant consolidation and change catering to IT–specific needs. As CEOs, CIOs and CFOs of large organizations have increased their awareness of the critical role IT plays in their success, the PPM industry has been pushed into the limelight.

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