PUNE, India, March 30, 2017 /PRNewswire/ --
The global project portfolio management software market analyst says one trend in market is emergence of analytics in PPM. Portfolio alignment and resource planning are labour-intensive processes. Predictive analytics can improve the accuracy and speed of portfolio planning by predicting the best project roadmap for available resources. The implementation of PPM with analytics improves the decision-making power of an organization.
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Vendors such as Innotas (a part of Planview) offer the Predictive Portfolio Analysis solution. This solution identifies the highest value projects that can be completed by taking into consideration an organization's resource and staff constraints. Oracle PPM Cloud Analytics tracks, charts, and reviews projects by providing real-time reports based on business needs. It is designed to help a firm focus on visualizing a project's financial information and efforts. It also tracks the project health and speeds up delivery.
The following companies are the key players in the global project portfolio management software market: Hewlett-Packard Enterprise, Microsoft, Oracle, and SAP. Other prominent vendors in the market are: Atlassian, EOS Software, LiquidPlanner, Mavenlink, onepoint PROJECTS, Planview, Sciforma, Sopheon, Upland, VersionOne, Workfront, and Wrike. Order a copy of Global Project Portfolio Management Software Market 2017-2021 research report at http://www.reportsnreports.com/purchase.aspx?name=929209.
According to the project portfolio management software market report, one driver in market is growing need for cost management. PPM software uses a range of tools to improve the efficiency of an organization. Cost management involves the allocation of resources for a specific job. It is primarily relevant to enterprises in the Americas and EMEA because they operate at a much higher cost than their counterparts in APAC. Industry participants believe that organizations can make the mistake of completing a task much earlier by overutilizing their resources.
PPM software helps in analyzing and surveying the type and number of projects that are undertaken by an organization. It can also verify the usage of these resources. Enterprises in APAC need to be more aware of this to ensure that their resources are managed effectively. Costs and budgets have a high impact on the performance of an enterprise. The effective management of time and the appropriate allocation of resources are essential to the success of an organization. PPM software offers time tracking and precise billing services for a project within the financial agreement.
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