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
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.

Related Articles

Phishing

What is phishing? Phishing is a type of cybercrime in which victims are contacted by email, telephone, or text message by an attacker posing as...

Photo Editing Software

Photo editing software is used to manipulate or enhance digital images. This category of software ranges from basic apps, which are able to apply...

SOHO Business Solutions: Free Email Marketing Services

Just like big businesses, SOHO (small office/home office) owners can leverage email marketing systems to communicate with customers, partners and employees. Just like big businesses,...

Fintech

Fintech, also known as "financial technology," is a term used to describe companies that use innovative technology to create more efficient, transparent, and cost-effective...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...