Best Project Portfolio Management Software

The best project portfolio management (PPM) software helps project leads and organizations manage resources, analyze goals across all projects, and communicate between teams. It enables project managers to execute projects and complete them on time while navigating any complications. PPM software allows project teams to identify the potential return of a given undertaking by putting together data from proposed and current projects. It provides business analysis and forecasting for companies that are planning to invest in new projects.

Project portfolio management vs. project management

Project portfolio management and project management both oversee projects from inception to completion. However, at the most basic level, PPM manages every project or potential project as part of a larger portfolio to help gauge the value of each project and meet overall business needs. PPM thus helps organizations prioritize projects so project managers can create flexible timetables.

Project management focuses on just a single project and its journey to completion. PM is managing a temporary endeavor and making sure it results in a desired service or a product.

Project portfolio management software tools

Portfolio managers need a number of tools to manage a portfolio:

  • Online Gantt charts allow them to prioritize tasks and link them across all projects for better progress tracking

  • Resource management features balance the resources of a given project and track workloads with timesheets and resource allocation tracking

  • Reports can be generated to provide historical data, timesheets, status, issues, project variance, expenses, and issues

Best project portfolio management software

There are numerous project portfolio management software products in the market today. Listed below are the best ones based on customer reviews:

  • Todo.vu

  • Easy projects

  • GoodDay

  • ProWorkflow

  • RationalPlan

Webopedia Staff
Since 1995, more than 100 tech experts and researchers have kept Webopedia’s definitions, articles, and study guides up to date. For more information on current editorial staff, please visit our About page.

Top Articles

The Complete List of 1500+ Common Text Abbreviations & Acronyms

Text Abbreviations reviewed by Web Webster   From A3 to ZZZ we list 1,559 SMS, online chat, and text abbreviations to help you translate and understand...

Windows Operating System History & Versions

The Windows operating system (Windows OS) refers to a family of operating systems developed by Microsoft Corporation. We look at the history of Windows...

How to Create a Website Shortcut on Your Desktop

Website Shortcut on Your Desktop reviewed by Web Webster   This Webopedia guide will show you how to create a website shortcut on your desktop using...

Generations of Computers (1st to 5th)

Reviewed by Web Webster Learn about each of the 5 generations of computers and major technology developments that have led to the computing devices that...

How to Create a...

Hotmail was one of the first public webmail services that could...

NoSQL

NoSQL (Not Only SQL) is a type of database for web applications and...

Zoom

In graphical user interfaces, to "zoom" or "zoom in" is to make a...