Gartner defines the strategic portfolio management (SPM) market as cloud-based and on-premises applications for enterprisewide strategic planning, which forecast the transition to a future state where desired business outcomes are realized. SPM offerings provide advanced modeling capabilities and continuous monitoring, engaging stakeholders in informed, data-driven portfolio decision making. These products are ideal for organizations investing in digital strategies that demand frequent stakeholder collaboration and continual adaptation to maximize outcomes. SPM helps organizations navigate complex, ever-changing business needs and constant IT evolution, enabling dynamic stakeholder engagement to maintain strategic alignment and make critical decisions. SPM technologies model an organization’s strategic plans to achieve its desired outcomes through initiatives as a strategic investment portfolio. Organizations can use SPM product capabilities to forecast outcomes, monitor portfolio performance, analyze impacts, and compare alternative scenarios to continually optimize investments for better outcomes. Digital strategies involve multiple interdependent portfolios, such as business capabilities, products, platforms, applications, and IT services, in addition to investments. SPM modeling enforces portfolio relationships, yielding contextualized insights for collaborative and confident portfolio decisions to adapt to outcome-related performance concerns and changing business conditions.