Cambridge, MA (PRWEB) June 16, 2011
PowerSteering Software, the leading provider of business-driven project & portfolio management (PPM) solutions, today announced it earned a “strong positive” rating in Gartner’s 2011 MarketScope for Project and Portfolio Management Applications.¹
The report, which evaluated 30 PPM vendors, recognized the evolving needs of the management level project portfolio software buyer who wants to make better, rational decisions without the burden of large-scale adoption of detailed execution environments. This segment of the market, comprised of business sponsors, steering committees and PMOs, is at the core of PowerSteering’s client base.
“Many initial PPM software investments failed when a bottom-up approach to project portfolio management was chosen, due mainly to the levels of complexity, adoption and change management required to get the entire execution side of a project organization using the same system,” stated the report's author, Daniel Stang.
The evaluation criteria weighted highest include customer experience, offering (product) strategy, product/service, and market responsiveness/track record.
“We’re delighted to earn the highest possible rating. We’ve always felt that a top-down, business-driven approach emphasizing strategic results over tactical execution would resonate in the marketplace, so it’s gratifying to see that play out in the latest research,” commented Stephen Sharp, PowerSteering's Chief Executive Officer.
The MarketScope is copyrighted 2011by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
¹Gartner, Inc., "MarketScope for Project and Portfolio Management Applications" by Daniel B. Stang, June 13, 2011.
About PowerSteering Software
PowerSteering Software is the leader in business-driven project & portfolio management (PPM) solutions for managing IT Governance, PMOs, Performance Improvement, Product Development, and other strategic initiatives. Its easy-to-use software provides business executives at BayCare, Frito-Lay, Merck, PolyOne, Shaw Industries, UK National Health Service, US Department of Defense, and over 140 other customers with executive visibility, strategy alignment, and team productivity to drive strategy and accelerate results across the organization.