ERP Players Become More Visible in PPfM Market, says META Group
- 20 February, 2004 11:43
<p>ERP Players Become More Visible in PPfM Market, Says META Group</p>
<p>METAspectrum Update of Project Portfolio Management (PPfM) Tool Market Released Today</p>
<p>Sydney, Australia. (February 20, 2004) — META Group, Inc. (Nasdaq: METG) today announced the availability of its latest METAspectrumSM market evaluation, an update covering the project portfolio management (PPfM) tool market. This market includes products that coordinate, manage, and enable prioritization of project and program portfolios and related resources, linking them in a single repository with appropriate views to categorize, assess the value/risk of, and score current and future projects in the context of business imperatives.</p>
<p>Changes to this market include acquisitions of PPfM tools by a vendor in the application development life-cycle arena (i.e., Mercury’s acquisition of Kintana in 3Q03). Through 2004-06, META Group expects additional life-cycle vendors to turn their attention to buying and/or evolving functionality for PPfM. In addition, the entrance of SAP and Oracle validates last year’s prediction that ERP vendors would become more visible in this arena. In
addition, acquisitions of smaller players exemplify the consolidation of niche players with domain expertise in this space (e.g., Primavera’s acquisition of Evolve).</p>
<p>“The dynamics driving project portfolio market evolution now include the push by ERP vendors to increase their functionality to leverage strengths in finance and HR, as well as the nascent but growing interest of software development life-cycle vendors to acquire functionality,” said Melinda-Carol Ballou, senior research analyst with META Group. “The most mature players continue to be the same group of enterprise project management vendors that dominated the leadership circle last year, though we are seeing significant progress on the part of other vendors evaluated that executed well last year, and we expect that to continue.</p>
<p>The current market breadth benefits users in the short term, by enabling choices across a range of capabilities (e.g., stronger resource management vs. project management). PPfM suites integrate five key functional areas (projects, programs, portfolio management, people/resources, and process) with asset views. The challenge for vendors is to integrate deep portfolio analysis with other core functionality, making it intuitive enough to be adopted by executives and other users.</p>
The PPfM tools METAspectrum evaluates 14 companies. Currently, there are no followers in this young market, because the range of product capabilities on both extremes remains limited.
• The ability to assess priorities and cull the project portfolio enables organizations to redirect funding appropriately, and though there is increased interest in coordinating views of the application portfolio with the project portfolio, limited or no support exists at the moment.
• The short-term vendor impact will be a densely populated, highly competitive market.
• Longer term, we expect ERP and EPM players to lead this market and the life-cycle vendors to become competitive.</p>
<p>About the Report
Providing comprehensive, side-by-side vendor comparisons and research, META Group’s Project Portfolio Management Tools METAspectrumSM In Depth report helps users evaluate the overall performance of IT vendors and their competitive market position as well as compare and contrast the strengths and limitations of each vendor’s product offerings. The evaluation is based on META Group’s METAspectrum methodology, which provides a framework for evaluating or selecting an appropriate IT vendor or product, simplifies the
decision process, and enables more effective technology investments. To learn more about META Group’s METAspectrum In Depth reports or the METAspectrum methodology, visit www.metagroup.com/metaspectrum or call (800) 945-META.</p>
<p>About META Group
META Group is a leading provider of information technology research, advisory services, and strategic consulting. Delivering objective and actionable guidance, META Group’s experienced analysts and consultants are trusted advisors to IT and business executives around the world. Our unique collaborative models and dedicated customer service help clients be more efficient, effective, and timely in their use of IT to achieve their business goals. Visit metagroup.com for more details on our high-value approach.</p>
<p>Peter Carr, Vice President, Director Operations
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