This Magic Quadrant analyzes providers of PPM software functionality that is offered as cloud-optimized or cloud-native services. These cloud-based services provide PPM functionality with rapid time to value, while limiting financial commitments to one-year increments.
Market Definition/Description
In an uncertain business and economic environment, project and portfolio management (PPM) leaders are focusing heavily on improving speed, accuracy and agility, while managing risks and costs. PPM leaders are looking for solutions to support these seemingly conflicting objectives. Although there is a mature category of traditional PPM tools that will support these objectives, a classic "innovator's dilemma"1 (see Note 1) appears afoot as disruptive technologies — cloud and software as a service (SaaS) — evolve and converge.