The Hindu : Big growth seen for EPM software market

Online edition of India's National Newspaper
Thursday, Oct 10, 2002

Business

Business

Big growth seen for EPM software market

By S. Varadharajan

CHENNAI OCT. 9. Project focussed organisations depend on the success of each venture. One major failure can bankrupt the entire enterprise. When managing large portfolios of projects, it is imperative for top management to be able to monitor the health of projects in keeping with the overall enterprise objectives. Effective enterprise project management solutions therefore need to be specially developed to make the difference between on-time on-budget efforts, and delayed over budget projects, according to Mukesh Arora, executive director, KLG Systel, provider of software solutions in project management. Addressing a seminar on "best practices in project management", he said building revenue, maintaining customer service and maximising available resources were increasingly demanding challenges that required sound business practices.

The enterprise project management (EPM) software of KLG included several cross-functional tools to manage even large projects. The company had partnered Primavera Systems inc., a leading provider of comprehensive project management, control and execution solutions. The combination of Primavera's software and KLG's technical ability, experience and in-depth understanding of enterprise project management as an emerging business practice would prove to be a valuable business proposition for many organisations across a variety of vertical markets, according to Stephen P. Keys, international channel manager, Primavera Systems. He said India was a key strategic market for Primavera. Mr. Keys said "Primavera sees the enterprise project management software market growing from $250 million to of $650 million by 2005. In terms of total value we see a market that will grow to $2 billion by 2005." He told The Hindu that Primavera had been in business since 1983, and during this time it had consistently grown at 20 per cent per annum on an average. "We count 3.50 lakh users in over 40,000 customer organisations around the world." R&D was the lifeblood of the organisation and 22 per cent of revenues were spent on R&D. The partnership with KLG and others throughout the world would provide the company with vital customer feedback, he said. Pinnacle Management of the U.S. was also an important partner to assist the customers maximise the return on investment made in EPM. He said Pinnacle's vital contribution had enabled KLG to witness an exponential growth and success across many international markets.

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