The Power of Next-Gen Project and Portfolio Management

The Power of Next-Gen Project and Portfolio Management

PPM Insights 2024

With massive technological and economic disruption,organizations must adapt. With increasing work complexity and the shift to adaptive work models,organizations need clearly defined ways to manage work across projects, teams, and time zones.

IDC sees increasing demand for flexible, intuitive, easy-to-use project management platforms that support standardization and scale without compromising user experience. In short, users need adaptive, collaborative project and portfolio management (PPM) that is holistically integrated into the fabric of work.

2024 Key Findings Project and Portfolio Management White Paper.

Flexible/adaptive work models:

Key Findings

A total of 47% respondents report having very or extremely flexible work

models, and 47% report somewhat flexible work models.

Priority actions to drive strategic business:

Key Findings

A total of 44% respondents are investing in PPM, 42% are automating workflows (including ChatGPT and GenAI), and 41% are investing in collaboration and communication tools.

 

Top PPM challenges:

Key Findings

In total, 47% of respondents cited expense of using PPM tools, 44% cited lack of integration with other systems of record, and 41% cited change management concerns.

Workflow automation and ease of use:

Key Findings

A total of 93% respondents think workflow automation is a priority, but 79% report that less than half of their PPM workflows are automated.

Download the Project and Portfolio Management White Paper.

How do organizations make an impact with the help of Portfolio Management? Learn from: McLaren, Philips or Oerlikon.