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Planview Dominates Forrester Wave™ SPM Tools 2024: The Gold Standard for Strategic Portfolio Management

Written by Baglan Rhymes Gurel | Jul 29, 2024 8:16:05 PM

In today's fast-paced business landscape, organizations need more than just functional tools. They need agile, comprehensive solutions that drive strategic alignment and innovation. As a top-tier partner of Planview—the world's premier PPM solution provider—Winmill PPM has delivered unparalleled PPM expertise since 2004. No company on the planet can match our history and depth of experience, making us uniquely positioned to help organizations achieve their strategic goals

The recently released Forrester Wave™ SPM Tools 2024 report confirms Planview's continued dominance in the market, solidifying its position as the undisputed leader.

Why the Forrester Wave™ Report Matters

The Forrester Wave™ sets a high bar for SPM vendors. To be included in the evaluation, vendors must offer over half the essential functionalities outlined in a landscape report, along with a significant user base of at least 30 enterprises (1,000+ users each). At least three large clients must actively use and integrate the core SPM features with other tools.

Twelve leading SPM providers were selected for this rigorous evaluation. The Forrester Wave™ uses a comprehensive set of criteria divided into three main categories:

  • Current Offerings (50%): Assesses planning, optimization, data and analytics, performance management, integration, security, and developer tools. A vendor's position on the graphic's vertical axis indicates the strength of these offerings.
  • Strategy (50%): Includes vision, innovation, roadmap, partner ecosystem, adoption, and pricing flexibility and transparency. The horizontal axis reflects the strength of these strategic elements.
  • Market Presence: Shown by the size of each vendor's marker, indicating Forrester's assessment of their market footprint.

Each vendor's scores across all Current Offering and Strategy metrics are evaluated with specific weights, resulting in a consolidated score graphically represented with Current Offering on the vertical axis and Strategy on the horizontal axis.

Planview's Dominance in the Forrester Wave™

Planview's outstanding performance across nearly all metrics solidified its leadership position. The platform earned perfect scores in integration, vision, innovation, performance efficiency, data & analytics, and planning capabilities, demonstrating its comprehensive functionality and strategic alignment.

[The table above provides a detailed breakdown of the scores across various categories for each vendor included in the Forrester Wave™ evaluation.]

Key Strengths of Planview Highlighted by Forrester

Integration: Planview excelled in seamless integration, connecting strategy, planning, and delivery functions to enhance decision-making across the organization. 

Vision: Planview focuses on building a future-proof platform that fosters a connected ecosystem, strengthening end-to-end planning and delivery, which is particularly advantageous for organizations transitioning to product management. 

Data & Analytics: Planview's AI-powered solutions, such as Planview Copilot, significantly advance leveraging and analyzing data to deliver insights and optimize reporting. 

Innovation: Planview continues to innovate with solutions like Planview Copilot for advanced data analytics and Planview.Me, which personalizes user experiences to improve accessibility and support enterprise controls in strategic planning and decision-making. Both innovations deliver substantial value. 

Planning Capabilities: Planview excels in planning by offering comprehensive project and product management solutions. The platform's ability to integrate functions and support agile approaches provides a significant competitive advantage. 

In addition to the above, Planview was ranked the highest in Performance Management and Revenue, scoring high in developer tools and adoption. All these features consolidate under the essential criteria of 'Current Offering.' When the scores for planning, optimization, data and analytics, performance management, integration, security, and developer tools are consolidated under 'Current Offering' Planview topped the leaderboard to take the crown as the most comprehensive SPM service provider for functionality and features. 

The averages for 'Current Offering' and 'Strategy' quantify each service provider's overall performance and capability across diverse categories. Based on their performance and market presence, SPM vendors are placed in the categories of Leaders, Strong Performers, Contenders, and Challengers. Setting new benchmarks across key categories and top scoring in almost all, Planview's consolidated average places it in the upper echelons of SPM leadership once again in Q2 2024. 

Earning top accolades in the 2024 and 2023 Gartner® Magic Quadrant™ reports, IDC MarketScape 2023–2024, and Quadrant SPARK Matrix™, Q3 2023, alongside recognition in The Forrester Wave™ Q3 2023, Planview has solidified its position as a leader in strategic portfolio management. With exceptional performance in The Forrester Wave™ Q2 2024, Planview adds another milestone to its achievements, reaffirming its industry dominance. Access the complete Forrester report here for more details: https://reprints2.forrester.com/#/assets/2/598/RES180733/report 

Key Takeaways and Recommendations

The Forrester Wave™ Q2 2024 report underscores the importance of choosing an SPM solution that excels in integration, data analytics, innovation, and planning capabilities. For organizations seeking to optimize their strategic planning and execution, Planview emerges as a clear leader, setting new standards for the competition.

Winmill PPM and Planview: Your Strategic Partnership for Success

Winmill PPM is a top-tier partner of Planview, offering comprehensive services to maximize the value of your Planview investment. Whether you're just starting your agile journey or looking to further optimize your existing processes, we offer:

  • Business process consulting
  • Value stream design and implementation
  • Tool implementation and product enablement
  • Planview PPM Solutions implementation, support, and training
  • Process consulting, agile coaching, and digital transformation
  • Value stream management

Leverage our expertise to unlock your organization's full potential with Planview. Contact Winmill PPM today to learn how we can help you revolutionize your strategic planning and execution.