Every productive company has several projects that they are taking at the same time. Good as it seems, being an organized company is a different thing. To be an organized company tackling so many projects at once, they have a tracking system where the company can easily manage their tasks, projects, and portfolio. This system is a project portfolio management software that has become a popular tool for companies to keep track of their projects. Here are some of the best portfolio management software available right now.
11+ Project Portfolio Management
2. Microsoft Project Portfolio
11. Oracle Primavera
What Is Project Portfolio Management Software?
Project portfolio management (PPM) software is a project management software where teams manage their company’s portfolios in project management. The software is used by companies to allow them to organize and keep track of their projects effectively using the company’s resources.
Using project portfolio management software helps companies keep track of their projects and the resources being used for these projects. Companies that heavily invest in using the software can expect maximized revenues which is satisfactory just by using the software to manage the company’s projects. The software also helps companies keep track of the multiple projects they are taking, ensuring that no project gets sidelined or shelved through the project management portfolio. The software also encourages collaboration and increased productivity from employees within the company, which makes for a good workflow management environment.
One of the features of project portfolio management software is that it provides task management tools that project managers of the company can assign employees to work on a specific task of a project. The software also includes project planning tools where managers can manage the company’s projects and portfolios. The software also includes budgeting software tools where managers allocate appropriate funds and resources to execute the projects. The software also has calendar software tools where managers can set due dates and times on projects, which the software can also remind assigned employees of their tasks through means such as push notifications. The software should have a dashboard system where everyone in the company can easily navigate through the software to look at the company’s projects and tasks.
- Task management
- Project planning
- Budgeting tools
- Calendar software tools
Top 10 Project Portfolio Management Software
Wrike provides versatile and robust project management software that helps them monitor their portfolio through an easy-to-navigate interface. Wrike has 982 employees and earns annual revenue of $142.4 million.
2. Microsoft Project Portfolio
Microsoft’s take on project management through Microsoft Project Portfolio shows that they are a standard in the IT industry with software seamlessly integrated with Microsoft’s other Office programs. Microsoft has 166,475 employees and recently earned a revenue of $41.7 billion in the latest quarter of 2021.
Workfront’s online work management software helps companies to foster a collaborative workforce that can help them resolve complex workflows with enterprise project portfolio manager tools. Workfront is owned and developed by Adobe, which the parent company has 21,000 employees and earned a revenue of $11.17 billion in 2019.
Monday provides an open-source project management software where companies can highly customize their project management system. Monday has 838 Employees and earns annual revenue of $161 million
Planview combines portfolio management and work management to create a project management software that can provide solutions in the workplace in the highly competitive nature of marketing. Planview has 886 employees and earns annual revenue of $128.5 million.
Smartsheet’s enterprise project portfolio manager software helps create a dynamic workspace management system that increased workplace productivity. Smartsheet has 2,154 employees and earns annual revenue of $111.3 million.
Mavenlink uses an industry-level cloud service to provide companies a modern professional service that ensures great professional services. for Mavenlink has 314 Employees and earns annual revenue of $61.8 million.
Planisware drivers their clients up with their project management software that helps them explore options in project planning that can bring great results for the company. Planisware has 318 employees and earns annual revenue of $46.1 million.
Clarizen’s all-in-one project management software helps companies to automate their operations on all devices which produces convenience, productivity Clarizen has 246 employees and earns annual revenue of $35.7 million.
Samepage strongly emphasizes collaborative work in their project management software with tools such as instant chat messenger, file sharing, and task management. Samepage has 15 employees and earns annual revenue of $2.2 million.
How does project portfolio management software increase workplace productivity?
Project portfolio management software increases workplace productivity with its project and task management tools that make it easier for workplaces to keep track of their projects and tasks needed to be done. It also has automated notification tools where employees are reminded of their pending tasks, motivating them to finish their tasks.
What is the most effective task view in project portfolio management software?
Usually, the most effective feature in project portfolio management software is the kanban board view where tasks in a project are dragged into different columns depending on its status. This is the most effective task view as employees and managers can monitor the progress of their projects and tasks easily and can hold them accountable, which enhances workflow management in the company.
How much does project portfolio management software cost?
Pricing for project portfolio management software can range from free to $250,000 per year. Pricing can vary as it depends on the features available and the target audience. Personal users and small businesses can benefit more from using free or low-cost project portfolio management software while big businesses can benefit more from high-cost software.
It’s time to establish a system in the company where projects and tasks are easily being monitored and tracked thanks to project portfolio management software. With this software, companies can be more organized, productive and earn many rewards and benefits. The cool part is that the software itself isn’t just for companies, but also for personal users who want to keep track of their own projects. It’s a perfect software to use for companies and individuals who love organization.
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