Gartner defines strategic portfolio management (SPM) as “a set of business capabilities, processes and supporting portfolio management technology that create strategic options focused on an organization’s finite resources and successful execution of enterprise-wide business strategy. SPM technology can be used to create portfolios with varying themes, and allows users to create, define and map many types of portfolio elements. Users can create multiple types of portfolios, categories and alignments with focused themes, such as programs, digital products, physical products, business or IT services, projects, and applications. SPM technology also allows users to link and cross-reference elements in different portfolios and sub-portfolios to support integrated portfolio analysis and tracking”.
Philip Martin, CEO, Cora Systems, said:
“For us, it’s good to see that Gartner has recognized us as a Niche Player in the 2023 Magic Quadrant for SPM. To us this recognition acknowledges us as one of the leading software vendors in this space. Our customers trust Cora to deliver easy-to-use technology that is flexible to configure and helps them to improve predictability and decision-making when it comes to selecting a project portfolio that will deliver profitability.”
Pat Henry, CTO, Cora Systems, added:
“We believe, this recognition from Gartner acknowledges the investment we’ve put into our product over the last few years. It’s no surprise to us that Gartner has identified our strengths and cautions. We feel, these are key to our recognition as a Niche Player in this Gartner Magic Quadrant for SPM.”
About Cora Systems
Cora Systems is a worldwide leader in providing enterprise project and portfolio management solutions to global organizations and government agencies. Its software platform shines a light on clients’ project portfolios, providing them with the insight they need to easily filter non-performing projects from high-yielding ones – right through to execution, allowing C-level executives to enjoy the power of predictability. Every day, over $100 billion worth of projects are managed on this platform, supporting hundreds of thousands of users across multiple locations in 50+ countries around the globe. Headquartered in Ireland and with regional offices in Atlanta (GA, USA), Dublin (Ire) and Bedford (UK), Cora Systems’ client roster includes Abbvie, BT, City of London, Honeywell Building Solutions, and the UK’s National Health Service, in addition to powering the largest transformation program in history of Irish state at Health Service Executive.
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Gartner, Magic Quadrant for Strategic Portfolio Management, Anthony Henderson, Daniel Stang, John Spaeth, Shailesh Muvera, Woojin Choi, April 25, 2023 .
SPM definition is taken from Gartner page: https://www.gartner.com/reviews/market/strategic-portfolio-management/