Independent Research Firm Names PowerSteering Software a Leader in Project Portfolio Management

Ratings highlight strengths in top-down investment planning, resource management, and integration

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PowerSteering Software is the leader in On-Demand Enterprise Project & Portfolio Management solutions.

Cambridge, MA (PRWEB) December 21, 2009

PowerSteering Software is pleased to announce that has been recognized as a Leader among Project Portfolio Management vendors in a new report from Forrester Research, Inc..

The Forrester Wave™: Project Portfolio Management, Q4 2009” (December 2009) evaluated 14 vendors against 80-plus criteria. Forrester assessed the relative strengths and weaknesses of each vendor under two distinct scenarios: one for managing internal IT-focused portfolios, and the other for managing business-focused portfolios. PowerSteering emerged as a Leader in both areas.

“PowerSteering has been delivering a solid PPM offering that offers an effective combination of feature strength and low barrier of entry,” observed the report’s authors. “PowerSteering has focused on bringing SaaS to the enterprise and is equally popular with both business-driven and IT-driven customers.”

Forrester’s rigorous evaluation process included briefings, live product demonstrations, and multiple customer references. Among the areas where PowerSteering received a best-in-class score of 5 (on a 1-to-5 scale) were Top-down investment planning, Product-lifecycle management, Resource management, Analysis, Global usability, Integration, and advanced functionality for Portfolio management and Financial management.

“We are delighted to be recognized as a PPM leader by Forrester following such a thorough and competitive assessment,” remarked Stephen Sharp, CEO of PowerSteering Software. “We believe these results confirm PowerSteering is executing on its vision of providing a uniquely versatile ‘Enterprise PPM’ solution that can address the distinct needs of managing both IT and business-driven portfolios.”

The complete Forrester Wave report is available for download on the PowerSteering website.

About PowerSteering Software:
PowerSteering Software is the leader in On-Demand Enterprise PPM software for IT, New Product Development, Six Sigma and other business-driven PMOs. Its easy-to-use software provides executives at Clorox, Ingersoll Rand, Merck, the US Department of Defense, Praxair, and over 140 other customers with executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise. For additional information, please visit http://www.powersteeringsoftware.com or call 1-866-390-9088.

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