PPM Tools Emerge as 'Must Have'

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PPM Tools Emerge as 'Must Have'
  (January 24, 2008)





The need for team collaboration, resource management and analytics, among other trends, will continue to drive the growth of on-demand project portfolio management applications in 2008, says Keith Carlson, CEO of Innotas.

Key business trends emerging in late 2007 and 2008 include the increased need for collaboration inside and outside the enterprise; the desire for deeper real-time resource management and analysis; and the continued and explosive growth of software-as-a-service (SaaS) applications. These trends place the spotlight on on-demand project portfolio management (PPM), which is emerging as a must-have enterprise application in 2008, says Keith Carlson, CEO of on-demand PPM provider Innotas.
 
On-demand PPM applications are changing the way organizations approve, plan and deliver projects inside and outside the enterprise, and are significantly increasing and improving ROI on project investments, Carlson says. “PPM has followed in the footsteps of CRM and ERP by transitioning from a ‘nice to have’ into a ‘must have.’ In the private sector, PPM has become a competitive necessity, especially within industries where time-to-market, quality and cost control are key success factors. In the public sector, PPM improves financial accountability for programs and projects, and gives management a new level of visibility into project and resource status.”
 
For 2008, Carlson identifies five key trends that will drive the continued growth of on-demand PPM applications in mid-size and large enterprises:
                                   
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