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The PPM Buzz Remains
Kathleen Ryan O'Connor
(April 24, 2009)
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Interest in project portfolio management tools (and PMOs) is holding steady, according to a review of inquiries at one top research firm.
Evolution in Darwin’s terms means survival of the fittest. While the current economic state may seem like the world really is just a mad dash for the last bone, a snapshot of evolution in the world of project portfolio management suggests recession or not, companies are still eager to step back and try to do things faster, better and smarter.
Call it survival of the innovator.
A recent Forrester Research study has found that among the 20,000 client inquiries that came across analysts’ desks for much of 2008, there remained strong interest in learning the latest trends around program management offices — 159 were specific to PMOs — with nearly half, 47 percent, of those wanting to know more about project portfolio management tools.
Is the recession driving more companies toward the risk management and cost savings associated with PPM solutions? Or is the heightened interest the natural result of the successes of early adopters?
For the state of Colorado's Department of Human Services, the fact they had already adopted CA Clarity PPM software back in 2006 became a lifesaver when the recession hit.
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