Vendor Landscape: Enterprise Project Portfolio Management
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This content is retired but we have related up-to-date content below.View Vendor Shortlist
What is a shortlist?
A shortlist is a personalized list of vendors based on the criteria you define. Your shortlist offers more information about vendor's strengths, weaknesses, price-points, etc, and ranks them according to your needs.
Access this Vendor Shortlist by logging in with your Info-Tech Research Group membership or unlocking this content.
What is a Value Score?
The Value Score indexes each vendor’s product offering and business strength relative to their price point. It does not indicate vendor ranking.
Vendors that score high offer more bang for the buck (e.g. features, usability, stability, etc.) than the average vendor, while the inverse is true for those that score lower.
Price-conscious enterprises may wish to give the Value Score more consideration than those who are more focused on specific vendor/product attributes.
Your Challenge
- IT is expected to keep tabs on hundreds, even thousands, of projects happening at any given instant – to provide snapshots of where they are now and where they will need to go.
- Accurate tracking of projects and resource management can be an issue for organizations as timesheet data is often inaccurate or unreported.
- Prioritizing and selecting the best project to invest in and work on can be a challenge for organizations. PPM solutions can assist in strategic decision-making, ensuring that efforts are being made in the most appropriate areas.
Our Advice
Critical Insight
- PPM solutions depend on the validity of the information input to timesheets and budgets. If this information is inaccurate, don’t expect much insight from resource planning features. Vendors are now offering solutions to manage reactive work in order to increase the accuracy of timesheet and resource capacity information.
- PPM vendors are adding social UIs to their solutions in an effort to increase use of the system and drive adoption of core features.
- When selecting a PPM solution consider whether you will need to pull in data from other business systems or if departments are already using their own PPM solution. Be diligent to ensure these systems migrate or integrate with the enterprise-wide solution you choose.
Impact and Result
- Understand today’s enterprise PPM market, where it’s going, and what the leading vendors are doing.
- Identify the solution best suited to your enterprise PPM needs.
1. Understand the enterprise PPM market and options
Make an informed decision about enterprise PPM solutions.
2. Create a shortlist of enterprise PPM vendors
Streamline the vendor evaluation and selection process.
3. Create an RFP document
Determine three-year TCO for shortlisted PPM solutions.
4. Engage PPM vendors for a product demonstration
Select the best PPM solution for your requirements.
Guided Implementations
This guided implementation is a three call advisory process.
Call #1 - Shortlist Assistance and Requirements
Get off to a productive start: Discuss the market space and how vendors are evaluated. Decide on which deployment option suits you best and narrow down the options based on customized requirements.
Call #2 - RFP and Budget Review
Interpreting and acting on RFP results: Review vendors RFPs and ensure the solution is meeting your needs. Discuss average pricing of solutions and what can fit into your budget.
Call #3 - Negotiation and Contract Review
Purchase optimization: Review contracts and discuss best practices in negotiation tactics to get the best price for your solution.