Gartner Magic Quadrant For Project And Portfolio Management
If you're involved in managing projects and portfolios, you've probably heard of the Gartner Magic Quadrant. This research firm produces reports that are highly respected in the industry, and their evaluations can have a big impact on which software solutions companies choose to use.
What Is The Gartner Magic Quadrant?
The Gartner Magic Quadrant is a research methodology that provides a graphical representation of a market's direction, maturity, and participants. The quadrant has four categories: Leaders, Challengers, Visionaries, and Niche Players. Each category is based on two criteria: completeness of vision and ability to execute. The quadrant is designed to provide readers with an easy-to-understand analysis of a particular technology market.
What Is Project And Portfolio Management?
Project and portfolio management (PPM) refers to the process of managing and analyzing an organization's projects as a portfolio, rather than managing them individually. PPM software can help organizations prioritize projects, allocate resources, and track progress.
Why Is The Gartner Magic Quadrant Important For PPM?
The Gartner Magic Quadrant is important for PPM because it provides an unbiased evaluation of PPM software vendors. The Magic Quadrant can help organizations determine which vendors are the most suitable for their needs, and which vendors are leaders in the market. The Magic Quadrant is based on extensive research and analysis, and is a useful tool for decision makers.
Who Are The Leaders In The Gartner Magic Quadrant For PPM?
According to the 2020 Gartner Magic Quadrant for Project and Portfolio Management, the leaders in the market are:
- Planview
- ServiceNow
- Microsoft
- Changepoint
- Clarizen
These vendors have been evaluated based on their completeness of vision and ability to execute, and have been determined to be the most well-rounded and successful in the market.
What Are The Benefits Of Using A PPM Solution?
Using a PPM solution can provide a number of benefits for organizations, including:
- Improved project management
- Increased efficiency and productivity
- Better resource allocation
- Improved decision making
- Increased visibility into project progress
PPM solutions can help organizations streamline their project management processes and make better, data-driven decisions. They can also help organizations prioritize projects and allocate resources more effectively.
Conclusion
The Gartner Magic Quadrant for Project and Portfolio Management is an important tool for organizations that are looking to evaluate PPM software solutions. The quadrant provides an unbiased evaluation of vendors based on their completeness of vision and ability to execute. If you're involved in PPM, it's worth taking the time to read the Gartner Magic Quadrant and evaluate the vendors that are listed.