Report Cites Specific Strengths in Financial Management, Reporting, as well as Overall Product Strategy for Oracle and PeopleSoft Enterprise Applications
REDWOOD SHORES, Calif., 14-JAN-2008 Oracle today announced it has been named a Project Portfolio Management (PPM) 'Leader' in Forrester Research's December 2007 report, "The Forrester Wave: Project Portfolio Management Tools, Q4 2007."
Forrester assessed 14 vendors against 95 distinct criteria in three categories: current offering, strategy and market presence. Forrester's objective market evaluation defines Leaders as having both a strong current solution and product strategy and a distinguished market presence.
The report evaluated the Oracle E-Business Suite family of Oracle Projects applications and Oracle's PeopleSoft Enterprise Service Automation. Based on the criteria, and for strong rankings received in financial management, reporting and product strategy, Oracle was positioned as a leader in Project Portfolio Management.
"Oracle's stated business-centric product strategy is unique. Oracle Projects' strength lies in budgeting and forecasting, and it has a top-of-the-line chargeback offering. Multiple currencies and billing rates are fully supported," wrote Lewis Cardin, Senior Analyst at Forrester Research and the report's author. "Oracle Projects is a mature offering upon which the company has built its project portfolio management (PPM) solution. The vendor is evolving Oracle Projects to position the product for market leadership among best-of-breed vendors."
"We are honored that Forrester has cited Oracle as a leader in the Project Portfolio Management Wave report," said Oracle Group Vice President, Application Strategy, Chris Leone. "This achievement reflects the strength of both Oracle and PeopleSoft Enterprise products in delivering value for project-driven enterprises via full project-lifecycle, portfolio management, and IT infrastructure capabilities. It also highlights our success in helping customers across industries, as well as in IT, govern and execute their portfolio of investments. We look forward to continuing our track record of delivering high value functionality to our customers."
A complimentary copy of the independent report "The Forrester Wave: Project Portfolio Management Tools, Q4 2007" report can be viewed at: www.oracle.com/corporate/analyst/reports/ent_apps/ppm/ppm-wave-q407.pdf.
About Oracle Project Portfolio Management
Oracle Project Portfolio Management (PPM) is a comprehensive set of solutions that helps enterprises predictably and successfully execute global projects by integrating, managing, and providing insight into enterprise project and portfolio information. Trusted by more than 3000 global enterprises, Oracle Project Portfolio Management allows organizations to create a single global repository for all project related information-allowing the enterprise to align and optimize its portfolio of projects, manage its schedules and budgets, effectively deploy global resources, promote team collaboration, and automate project finances. For more information, please visit the Web site: www.oracle.com/applications/ppm.
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at www.oracle.com.