We are excited to announce that Planview has been recognized as a Leader in the April 2023 Gartner® Magic Quadrant™ for Strategic Portfolio Management for the second consecutive year.
Planview was named a leader based on its Completeness of Vision and Ability to Execute. Planview is also recognized in the companion research, the April 2023 Gartner® Critical Capabilities for Strategic Portfolio Management and is ranked the highest in all three use cases for Strategic Portfolio Management. Those use cases are:
- Strategic Execution Management (SEM)
- Enterprise Program and Portfolio Management (EPPM)
- Integrated IT Portfolio Analysis (ITPA)
In case you missed it, Planview has also been named a Leader in the following:
- 2022 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting, the first Magic Quadrant for this category
- 2022 Gartner® Magic Quadrant™ for Enterprise Agile Planning Tools for the third year in a row
Planview is proud to empower strategic leaders enabling strategic portfolio management (SPM) in their enterprises, across industries, as they make data-driven decisions that drive business value while adapting to changing customer needs and preferences.
“At Planview, our goal is to unleash the power of connected work for organizations worldwide. For many companies, this means successfully executing their organization’s transformation and cross-functional strategic initiatives – especially in times of significant change. To make this shift, leaders must eliminate the disconnects between strategy and delivery that slow down response times and make trade-off decisions and reprioritization difficult. Our solution helps companies to stay ahead of the curve with scenario planning and prioritization, driving business results in any environment.”– Louise K. Allen, Chief Product Officer at Planview
Now, let’s look at why SPM is vital for enabling your business to drive value.
Understanding Strategic Portfolio Management
According to Gartner, 70% of digital investments will fail to deliver the expected business outcomes due to the absence of a strategic portfolio management approach.
Additionally, 4 out of 5 CEOs have decided to increase digital technology investments in response to inflation, supply chain issues, and other economic pressures.
For modern businesses, disruptions and a need for reprioritization aren’t just things to prepare for – they’re inevitable.
Strategic portfolio management helps ensure company-wide alignment and connection that can withstand the roadblocks your organization may encounter. Every project and program within a company’s portfolio is housed in one place, so decisions on prioritization, bandwidth, and budgetary concerns are fully informed. This means leadership can confidently make decisions that drive the business forward – and those decisions are based on accurate, up-to-date data.
Deliver Results That Matter
Strategic portfolio management enables EPMOs, executives, and portfolio leaders to accelerate on-strategy delivery, drive organizational transformation and initiatives, and adapt to change.
Enterprises are constantly looking for ways to advance their strategy-to-execution needs and eliminate any disconnects along the way. An effective SPM solution can help with that by enabling companies to drive value and respond to market conditions quicker and more effectively.
This increased agility means enterprises can better identify warning signs and respond accordingly, so execution stays aligned with company strategy… even as priorities shift.
Without SPM, companies risk struggling to gain or maintain an advantage over their competitors. This can result in siloed information, an inability to pivot or adjust plans quickly, misplaced bandwidth and capacity, clashing ideas, and limited or delayed funding. These issues can cause major ripple effects in any business, and they’re often financial in nature.
Businesses that excel in strategic portfolio management perform significantly better when it comes to:
- Improving speed-to-value
- Large-scale disruptions
- Delivery of new digital initiatives
- Gathering value from new digital initiatives
- Responding to any ongoing change, both external and internal
- Making trade-offs where necessary
- Making strategic investments
- Aligning OKRs to business strategy
Choosing the right SPM solution can make all the difference for the business and can help eliminate many of these issues. Organizations that leverage an SPM solution are better equipped to execute on strategy.
In other words, the money and resources are invested in initiatives that align with strategic goals and objectives. Strategic portfolio management can help turn your enterprise’s big-picture ideas into value that pushes your company forward.
Become Your Organization’s Value Driver
Planview’s Strategic Portfolio Management solution can help your organization turn ideas into impact while adapting to an ever-changing, uncertain professional landscape. Executing on strategy is instrumental in helping enterprises drive value and maintain a competitive edge while investing in the right business initiatives.
Using an SPM solution can help set your enterprise up for success. See how you can reduce costs while improving your speed-to-value by keeping strategy aligned with funding and execution. Bridge the gaps between your company’s big-picture goals and the work teams deliver, all while reducing waste and inefficiency.
Access your free copy of the April 2023 Gartner® Magic Quadrant™ for Strategic Portfolio Management today and see how SPM can drive your enterprise forward – and why Planview was named a Leader in Strategic Portfolio Management.