Monday Jul 15, 2013

Cloud-Based Project Portfolio Management Gains Steam

in May 2013, Gartner named Oracle a Leader in its Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services.

The report noted that “IT project and portfolio management (PPM) leaders are under extreme pressure to improve the speed, accuracy, and agility of their project organization, while also managing risks and costs. They are looking for software solutions that can support these seemingly conflicting objectives. For years, the IT PPM software market standardized on on-premises or traditional hosting for deployment of IT PPM software functionality, but with the continued maturity of the internet as an enterprise computing platform, on-premises and traditional hosting have given way to another viable option—cloud-based IT PPM application services deployment.”

The Gartner report offers nine key factors describing when and why an organization might choose a cloud-based IT PPM service provider over a traditional provider, including an immediate need for mainstream functionality that can be delivered rapidly and as a service, a lower likelihood of needing to extensively customize the solution, and a smaller or growing organization that is seeking a short-term solution, cost-effective solution.

Oracle’s Instantis EnterpriseTrack offers a number of complementary solutions and capabilities for the Oracle portfolio,” says Wayne Caccamo, a former Instantis executive and now part of the Oracle Primavera team. Instantis EnterpriseTrack is a market leader for lighter-weight project environments, such as IT, new product development, and process improvement. This complements Oracle’s traditional strengths in the capital planning, maintenance, and manufacturing environments that are prevalent in asset-intensive industries.

Instantis EnterpriseTrack has been successfully integrated into the Oracle development process, and the first release from Oracle is generally available. This release is a significant expansion of its capabilities in resource management, project demand management, and project execution. It also includes customer-requested product enhancements, reporting enhancements, performance optimizations, and user experience improvements.

Read the full Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services report.

Get details about Oracle’s Instantis EnterpriseTrack.

Read Oracle’s press release about the Gartner Magic Quadrant for Cloud-Based IT Project and Portfolio Management Services.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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