Project Portfolio Management Buyers Guide
Introduction: Answering Four Key Questions
The project and portfolio management (PPM) software market is expected to reach USD 4.63 billion by 2020 worldwide. This market is exploding because these tools create value for businesses. Using them to gain clarity and visibility into resources, projects, timelines, budgets, and more can help cement an organization’s competitive advantage by making it much more efficient and responsive to change.
As a PPM software buyer, wading through literally hundreds of project and portfolio management vendors can be a daunting and confusing task. The purpose of this guide is to simplify that process by helping you consider the PPM capabilities that will matter most to your organization. To begin, it’s essential to frame any PPM product selection process in terms of the key questions you need to answer to consider the deployment a success. While your specific project and portfolio management processes may vary based on industry or geography, most companies searching for PPM software are trying to obtain fast, dependable answers to four key questions:
- What work are we doing?
- Who’s doing it?
- How long does it take?
- How much does it cost?
Successful PMO leaders must be able to not only answer these questions, but they must also have accurate data to support their responses.
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