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."