A Troubling Trend

So why is PLM important, why is it necessary? The motivation behind PLM has been with us for decades and despite many attempts it remains largely unresolved. IT projects are getting more complicated, not less – and this trend is accelerating, not decelerating.

Only 34 percent of IT projects are considered to be truly successful, according to the Standish Group. Project Portfolio Management (PPM), which came on the scene in the late 1990s to help IT projects become more successful, has not measured up to its promise to solve the problem. Without a suitable alternative to PPM, should we be resigned to IT mediocrity? Carlson (2007)

IT projects have become more complex & difficult to manage

PLM directly addresses the root causes of this trend and has been developed to attack them in a comprehensive fashion. PPM or Project Portfolio Management was an early attempt to resolve the matter but it only addresses 2 of the 5 “P’s ” and only about half of the associated PMO processes.

Copyright 2008, Semantech Inc.