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Gartner: Magic Quadrant for IT Project and Portfolio Management
Project and portfolio management (PPM) applications can provide visibility into the current state of organizational initiatives, resources, and spending through the centralized collection of data from multiple sources and perspectives. Integration across multiple business and IT process domains through PPM system functions provides multidimensional views of this data for better visibility and understanding of resource supply versus project (and other work) demand in IT and other project environments.
The PPM market as a whole continues to support internal IT (IT PPM), new product development (NPD), professional services administration (PSA) and traditional engineering and construction (E/C) environments. The market has matured extensively from project time and schedule support to the holistic management to IT as well as business initiatives, resources and spending.
Read this Gartner report for in-depth information about PPM in today's market.