target audience: TECH BUYER Publication date: Dec 2023 - Document type: IDC MarketScape - Doc Document number: # US49436723
IDC MarketScape: Worldwide Value Stream Management and Agile Project and Portfolio Management 2023–2024 Vendor Assessment — Leveraging AI for Dynamic, Agile Value Creation
Content
List of Tables
List of Figures
Get More
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.
Related Links
Abstract
This IDC study uses the IDC MarketScape vendor assessment model to evaluate value stream management (VSM) for the first time, along with agile project and portfolio management (agile PPM). This research enables analysis of quantitative and qualitative characteristics to provide metrics and context for users evaluating solutions in this area and to help analyze a vendor’s current comparative success in the marketplace and to anticipate vendor evolution. Main focus areas for this analysis include VSM and agile-specific capabilities in the context of coordination with project and portfolio management functionality, leveraging value-centric, highly iterative approaches across business initiatives, IT, and product development. Centering initiatives around value generated is a vital transition for IT and businesses. By following the progression of value, teams can identify disconnects and blocks to the flow of value and raise this approach to a strategic level for business execution. VSM can enable organizations to expand collaboration, deliver efficiency, and help drive innovation faster. This IDC MarketScape assesses vendor capability to automate key steps for VSM: identifying value streams; mapping current state; assessing current state; mapping the desired future state; planning and implementing improvements, including identifying and leveraging metrics; and assessing plan implementation/outcomes. We are seeing the coupling of agile processes and agile PPM in conjunction with VSM to enable adaptive responses to highly dynamic competitive environments, as well as ongoing PPM leverage for DevOps and end-to-end application life-cycle management capabilities with strong analytics for scaled, systemic agile automation and adoption. The dramatic role of AI and GenAI in this context and judicious leverage of AI benefits can enable coordination, data visibility,and access across disparate teams to help facilitate adoption via data that is pragmatically actionable. Metrics with analytics based on this data can help provide visibility and iterative collaboration to understand and improve internal and external services execution on ARTs and initiatives from epics to projects, and portfolios. Also included are in-depth vendor profiles for the 18 vendors assessed. This analysis complements the IDC MarketScape evaluations for strategic portfolio management/IT PPM, collaborative work management, and cloud PPM being published concurrently, which enable four weighted IDC MarketScape views for our series. This current VSM and agile PPM analysis includes assessment of VSM and agile-specific functionality within a PPM context, such as agile processes, agile-specific functionality (work in progress, burndown charts, backlog, agile metrics, etc.), and agile frameworks.