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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.

Need any advice? Discover all our articles of Project Portfolio Management (PPM)
Professional group
Operations Management
Operations Management
Sales & Customer Management
Human Resources (HR)
Marketing
Collaboration
Accounting & Finance
IT Services
Communications
Technology
Finance
Analytics
Construction
Transport
Legal
Education
Health
Recreational Activities
Association Management
Commercial
Services
Agriculture
Art
Media
Government
Corporation
Manufacturing
Law
Category
Project Portfolio Management (PPM)
Project Portfolio Management (PPM)
Project Management
Enterprise Resource Planning (ERP)
CMMS
PIM and PXM
Business Process Management (BPM)
Field Service Management
Business Management
Stock Management
Governance, Risk & Compliance (GRC)
Environment, Health and Safety (EHS)
Logistics
Quality Management
PLM
Procurement
Inventory Management
Maintenance Management
Business Workflow
Professional Services Automation (PSA)
Material Resource Planning (MRP)
Planning
Property management
Security Guard
Inventory Control
Supply Chain Management
Visitor Management
Business Plan
Scheduling
Computer-Aided Design (CAD)
Equipment Maintenance
Event Check In
Library Automation
Fixed Asset Management
Contract Management
Business Management
Facility Management
EHS Management
Warehouse Management
Service Dispatch
Business Performance Management (BPM)
Order Management
Calibration Management
Delivery
Franchise Management
Work Order
Print Estimating
Freight Management
Barcode & Label Management
Floor Plan
Statistical Process Control (SPC)
Distribution
Geographic Information System (GIS)
Production Scheduling
Resource Management
Requirements Management
Succession Planning
Physical Security
Predictive Maintenance
S&OP
Vendor Management System (VMS)

Compare software systems of Project Portfolio Management (PPM)

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Triskell

A flexible Project Portfolio Management solution
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Gouti

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FoxPlan

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Celoxis

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Proggio

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Bloomup

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maestroPROJET

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SocialJsProject

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Genius Project

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Forecast.app

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Wrike

Trusted project management software that boosts productivity
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GanttProject

Open-Source software to create Gantt charts
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Kanbanize

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Project Portfolio Management (PPM): 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.