PPM software helps to manage multiple projects by providing a centralized platform to track project progress, resource allocation, and budgeting. It allows you to prioritize projects, assess risks, and forecast project outcomes.
Project Portfolio Management (PPM) Software
In companies, Project Portfolio Management requires planning tools to ensure their position in the market. In order to achieve the objectives they have set themselves, managers must use a PPM tool.
Our selection of 22 project portfolio management (ppm) software
Efficiently manage and prioritize projects with advanced tools for tracking progress and resource allocation. Streamline decision-making with real-time data analysis.
"Planisware Enterprise offers a comprehensive solution for Project Portfolio Management (PPM) with features like portfolio optimization, risk management, and resource planning. Its user-friendly interface and customizable dashboards make it easy to monitor project progress and adjust plans as needed.
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Pricing on request
Streamline project management and optimize resources with powerful PPM software.
Planview's project portfolio management software allows you to visualize your projects, track progress, manage budgets, and allocate resources efficiently. With real-time data and customizable dashboards, you can make informed decisions and stay on top of your projects.
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Project Portfolio Management (PPM) software: purchase guide
What is an Online Project Portfolio Management (PPM) tool?
Definition
Online Project Portfolio Management (PPM) tools have been developed to make project management processes practical and efficient. It is a solution that can accelerate and improve the monitoring of all projects conducted by a company. These management tools give users all the means to collect, categorize and prioritize their ideas.
How does it work?
In general, a PPM tool allows you to efficiently manage simultaneous projects. This management requires the execution of various tasks.
Using these tools will allow you to perform all these activities easily and quickly. This type of application integrates programs that will automate the majority of tasks under the responsibility of administrators.
Online applications offer essential modules dedicated to optimizing a company's portfolio and correlating them with project planning and execution. The goal is to meet deadlines while ensuring that projects are launched on time and on budget.
What are the main functionalities of a PPM SaaS tool?
Managing a strategic plan requires a good tool to optimize the capacities of resources and to ensure the running of the company. For this, a PPM tool must include few functionalities.
Activities Management
Planning the activities that will ensure the implementation of several projects can become a tedious task. Using a PPM tool will allow project managers to easily manage their activities thanks to a friendly-user detailed plan. This plan usually includes the necessary attributes and assignments for each project.
This functionality allows the manager to better manage what to do first so that the most important projects are the first to be carried out. It also avoids neglecting the others in progress.
Cost Management
Using a PPM tool helps to strengthen the financial organization. It provides complete and transparent visibility of the expenses necessary to carry out a project. It also provides good visibility of possible constraints and additional costs (in the worst case). This will allow the user to evaluate the financial situation of the company and to take decisions.
Performance analysis
Gaining a detailed view of the state of a portfolio is an effective way to manage project planning. With an intuitive and comprehensive dashboard, all key indicators will be made available to managers to analyze the feasibility of projects.
Who should use an online PPM tool?
All companies that need to manage a project portfolio can use this type of solution. Whether a small structure or a large firm, regardless of size or even sector of activity. Using a PPM tool provides a clear roadmap and therefore well-formulated projects.
Why use an online PPM tool in your company?
Advantages
- A PPM tool allows classifying projects according to their importance
- The use of this kind of software allows you to manage different projects at the same time
- The company's resources can be optimized thanks to essential functionalities
- It facilitates decision-making on whether or not the project is feasible.
- It significantly reduces the risk of deficit
- Communication between teams becomes easier
- It allows foreseeing future needs
Disadvantages
Few free PPM tools satisfy companies due to a considerable lack of functionality.
How to choose an online PPM tool?
PPM tools each have their own properties. These few important points should therefore be taken into account before choosing the right tool.
- According to the needs of the company: the choice of a PPM tool depends above all on the company's objectives. Managers must determine their projects in advance in order to find a tool capable of meeting their technical and functional needs.
- According to the dispersion of information: project portfolio management is generally done in teams, so a collaborative tool is recommended. Progress can then be monitored from several locations simultaneously. This type of tool allows data to be shared so that everyone on the project can track it.
- Depending on costs: using this type of tool should reduce expenses in the realization of the company's projects. In this sense, it is advisable to calculate the cost of the subscription before investing, otherwise, you may exceed your budget. In other words, the support of the tool, its maintenance, and updating often require separate pricing.
The best free and open source PPM tools
- Redmine
- Artemis
The best known professional PPM tools
For small businesses
- PowerSterring
- Bubble Innovator
- Genius Project
- ServiceNow
For SMEs
- Planisware
- 4c Portfolio Manager
- TALAIA OpenPPM
- Kantree
Project Portfolio Management is a sensitive task for a company. This is why it is essential to use a high-performance tool that meets its real needs.
Project Portfolio Management (PPM) softwares: Q&A
Look for features that provide project tracking, resource management, budgeting, and reporting. Features like customizable dashboards, project templates, and integrations with other tools can also be useful. Make sure the software aligns with your business goals and team’s workflow.
PPM software helps to optimize project portfolios, leading to better decision-making, increased efficiency, and improved collaboration among team members. It also helps to mitigate risks, maximize resources, and ensure projects align with business objectives.
Some of the best PPM software options include Microsoft Project, Oracle Primavera, and Atlassian Jira Align. Each of these has unique features and benefits, so it's important to evaluate them based on your company's specific needs.
Some free PPM software alternatives include Trello, Asana, and Wrike. These tools offer basic project management features and can be useful for small teams or startups with limited budgets. However, they may not offer the same level of functionality as paid options.
