Project and Portfolio Management (PPM) , 2022, Worldwide

Project and Portfolio Management (PPM) solutions offer organizations the capability to consolidate multiple projects into a unified portfolio. This portfolio serves as a comprehensive repository that outlines and maintains reports detailing each project's objectives, risks, forecasts, costs, and resource allocations. PPM solutions empower organizations to gather valuable information and efficiently organize critical datasets for their projects, aligning them with the company's strategies and providing tangible business value. As organizations run various projects concurrently, maintaining a portfolio becomes imperative to ensure alignment with the organization's overarching goals and objectives. The adoption of cloud-based PPM solutions by businesses is on the rise, expected to expand the portfolio market. These cloud-based solutions seamlessly integrate with enterprise applications, facilitating remote access, real-time data analytics, and automated scheduling. The performance and impact of each project on the portfolio are of paramount importance.

Quadrant Knowledge Solutions defines "Project & Portfolio Management (PPM) tools" as centralized management tools for an organization's current and planned projects. They enable project managers and stakeholders to estimate, monitor, control, and manage projects to ensure alignment with the organization's operational and financial goals while minimizing risks. PPM fosters enhanced data sharing, collaboration, and interaction across teams and managers.

PPM solutions provide comprehensive project documentation, encompassing timelines, costs, and business objectives. They facilitate continuous project evaluation to ensure projects stay on track, enabling the selection of the right resources and teams. These solutions create an agile environment, breaking projects into phases for testing, modification, and control. This phased approach allows project managers to prioritize project phases, ultimately saving costs for organizations. The agility of PPM solutions also leads to a reduction in project failures and ensures the privacy and security of project data.

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Key Questions Addressed in this Study:

1. What is the current competitive landscape in the project and portfolio management (PPM) market?

2. What is the market share held by major vendors in this market?

3. What are the key competitive dynamics in the global and regional PPM markets?

4. Who are the leading vendors in the global and regional PPM markets?

5. Are there vendors specializing in specific industries?

6. How do different vendors compare in terms of their offerings of cloud-based versus on-premise solutions?

7. What competitive factors influence the market positioning of different vendors?

8. What are the relative strengths and challenges of the vendors operating in this market?

9. How do different vendors position themselves competitively across customer segments, ranging from SMBs to large enterprises?

Notable vendors in the PPM market include Atlassian, Broadcom, Bubble®, Cerri, Celoxis, Enrich, ITM Platform, KeyedIn, Meisterplan, Microsoft, Micro Focus, One2Team, ONEPOINT Projects, Planview, Planisware, Project Objects, Sciforma, Sopheon, Upland, WorkOtter, and Zoho.