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SAN FRANCISCO, CA -- (Marketwired) -- 05/06/15 -- More than one half of IT professionals indicated that their projects are not well aligned with business goals, according to the latest annual Project and Portfolio Management Landscape survey sponsored by Innotas, the leading provider of Cloud Portfolio Management (PPM) solutions. The lack of alignment represents a missed opportunity for IT to create true business value for their organizations. The survey also revealed that more than 61 percent (61.3%) of those IT professionals polled did not have enough resources and/or staff to manage demand for IT projects in their business or organization.

In this recent survey, respondents indicated that 38.7 percent did not have a PMO (project management office), though 16 percent are in the process of building a PMO. Resourcing continues to be the biggest challenge for IT professionals, with 36.6% percent this year, and 51 percent of respondents last year, citing it as their most pressing challenge. Simply put, IT professionals cannot keep pace with the IT project demands.

Other areas of continuing concern for project and portfolio success range from prioritization (26%) and alignment (13.8%) to benefits realization (12.2%) and budgeting (11.4%).

The Innotas survey further revealed that twenty-five percent (25%) of IT professionals say they do not have a formal methodology to score and prioritize projects -- representing a large opportunity for organizations to ensure its enterprise work is aligned with the core objectives of its business strategy and goals.

"The continued high rate of projects that are not well aligned with business objectives, coupled with the lack of resources for project execution, and the lack of a methodology to prioritize projects shows that organizations still do not have an approach that enables project and portfolio success," said Tushar Patel, VP of Marketing of Innotas. "In fact, close to 40 percent of respondents do not have a PMO to help them manage projects."

Innotas helps organizations make informed decisions by providing complete visibility of projects, resources, and applications for end-to-end project planning and execution -- enabling IT professionals to achieve more value for their key stakeholders.

Click here for a complimentary copy of the Innotas Project and Portfolio Management Landscape report.

About Innotas
Innotas, the leading provider of Cloud Portfolio Management solutions, delivers a seamless way to manage projects, resources and applications across the enterprise. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), Resource Management, Predictive Portfolio Analysis (PPA), and the Innotas Integration Platform. Innotas was rated a "Leader" in the Gartner Magic Quadrant for Cloud-Based Project and Portfolio Management Services and a "Visionary" in the Gartner Magic Quadrant for Integrated IT Portfolio Analysis. Founded in 2006, Innotas is headquartered in San Francisco and has hundreds of customers nationwide, across healthcare, government, education and other industries. For more information, visit www.innotas.com or call 866-692-7362.