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Project portfolio management (PPM) software organizes different projects into a single portfolio providing reports based on the various project objectives, costs, resources, risks and other relevant associations. When there are many projects run by an organization it is necessary to maintain a portfolio. It helps in categorizing the projects and aligning the projects with organizational goals. PPM helps an organization to sort out projects according to a set of criteria by gathering valuable information. Each portfolio of projects is assessed according to the business value and alignment to strategy. The aim behind designing the portfolio should be a specific organizational objective or benefit. Performance of each and every project is important; however, the impact of each project on the portfolio is equally important. Portfolio provides a descriptive document of the projects which includes timeframe, cost and business objectives. Regular evaluation of projects is done with the help of PPM to ensure that the project is on track. Selection of appropriate resources and team is easier with the help of PPM.

PPM is a helpful solution as it increases organization’s adaptability toward change and makes it easy to introduce new projects. Monitoring and review techniques are introduced to bring higher returns. Dependencies are easily identified to eliminate inefficiency. Moreover, targets are achieved by focusing on strategies rather than the project itself. Further, it provides techniques such as heuristic model, scoring techniques, visual or mapping techniques for analysis of different projects. Increasing competition worldwide is forcing companies to reduce the cost of projects which in turn is increasing the use of PPM. Companies have their teams spread across the globe and to in order to enhance collaboration PPM is used. During the recent years, senior management has been more receptive toward PPM, which is increasing its use. Risk involved across different projects in a portfolio is huge and it must be reduced for which PPM is increasingly finding application.

Furthermore, by looking at the bigger picture it is seen that business optimization is a major driver of PPM market. Deployment of PPM helps organizations improve the overall efficiency and productivity, which helps them meet their business demands on time and remain competitive in the market. However, success of PPM depends on its proper implementation and management.

Change management plays a key role in PPM. Companies are trying to find new ways to introduce the new processes and tools of PPM to the employees and make it work in a short time. Keeping things simple in the initial stages of PPM implementation is important otherwise it can lead to increased complexities. Requirement of PPM depends on the size and structure of the organization and it must be assessed before taking a decision to implement PPM. It is anticipated that companies will give high priority to resource management in the coming years to successfully implement PPM. Smaller companies are reaching to consulting firms for PPM implementation due to lack of knowledge.

Some of the major players in the global Project Portfolio Management market are Oracle Corporation, Microsoft Corporation, CA Technologies, Planview, Inc., Hewlett-Packard Development Company, L.P., Atlassian, Inc., Citrix Systems, Inc., Smartsheet.com, Inc., Teamwork.com, Ltd., and Basecamp LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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