As companies grow, they tend to handle more projects, with main teams and subteams managing different projects. To keep everyone in sync and ensure they consistently deliver quality projects, organizations need a way to consolidate these various initiatives across the company. Project portfolio management software centralizes the management of an organization’s projects by helping managers determine which resources to allocate to a specific project.
PPM tools help business leaders align organizational goals with teams’ efforts and provide a structured approach to managing the overall project portfolio, including resource allocation strategies, risk management and performance measurement. PPM helps managers determine which projects are meeting the organization’s objectives in order to make data-driven decisions about which projects to decompose or break into smaller tasks, how to allocate resources and how to prioritize competing demands on those resources.
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| Best for | Mobile app | Project views | Third-party integrations | PPM starting price | |
|---|---|---|---|---|---|
| Planview | Project resource management and capacity planning | No | Gantt chart and kanban | 60 | Custom quotes |
| Smartsheet | Reporting | Yes | Grid, Gantt chart, card and calendar | 96 | Custom quote |
| Wrike | Task tracking and capacity management | Yes | Gantt chart and kanban | 400+ | $24.80 per user per month for five to 200 users |
| monday work management | Value | Yes | Kanban, timeline, calendar, map and chart | 200+ | $8 per seat per month, billed annually, or $10 per seat billed monthly |
| Asana | Small to large businesses and contractors | Yes | List, board, timeline and calendar | 100+ | $24.99 per user per month when billed annually, or $30.49 per user when billed monthly |
| ClickUp | Customization | Yes | Gantt chart, table, timeline, workload and box | 50+ | $7 per user per month, billed annually, or $10 per user billed monthly |
| Celoxis | All-in-one PPM and resource management software | No | Board, workload and work trend | 400+ | Custom quote. |
The best PPM software for your enterprise depends on your unique needs, use cases and preferences. This guide analyzes the top seven project portfolio management software, including their standout features, pricing and pros and cons.
Planview PPM Pro, formerly Planview Innotas, enables project management office leaders to prioritize tasks, track workloads and measure performance. The tool centralizes project portfolio management to establish a single source of truth for all work and resources. Moreover, Planview includes the capability of managing project costs against budget across portfolios by providing comprehensive views into each project’s budget, actual and forecast.
With Planview, managers can measure the team’s performance and view key performance indicators to determine if the team’s efforts align with company goals (Figure A). Planview also helps managers make informed decisions on projects and tasks based on resource availability, capacity and utilization to meet the organization’s current and future demands.
Figure A
Planview PPM Pro pricing information is unavailable on the vendor’s website. Potential buyers can request a product demo to learn more about this tool’s capabilities and receive a custom quote.
Planview PPM integrates with over 60 third-party services including:
We selected Planview PPM Pro for its advanced PPM features that allow you to manage all aspects of your project portfolio on one centralized platform.
Interested in Planview? Check out these other top Agile project management software.
Project teams and managers familiar with spreadsheets will find Smartsheet easy to use due to its spreadsheet-style dashboard. Smartsheet allows users to create formulas, manage projects, track progress, automate manual processes and customize workflows.
Smartsheet’s project and portfolio reporting capability allows users to visualize and report on portfolio data with configurable widget-based views (Figure B). Smartsheet automatically adds data from new projects to the team’s portfolio reports and dashboards. Project teams can also track projects, budgets and resources to ensure they align with the organization’s goals.
Figure B
Smartsheet doesn’t advertise the rates of its Smartsheet Advance plan on its website – the plan that includes portfolio management. They encourage potential buyers to contact their sales team for quotes. The free, pro, business and enterprise lacks PPM feature.
Smartsheet connects with 96 third-party services. Some of the popular integrations include:
We selected Smartsheet for its strong reporting capabilities in project portfolio management. The platform offers interactive dashboards that allow you to drill down into specific project details for a comprehensive view of your portfolio.
For more information, check out our full Smartsheet review.
Wrike is primarily a project management service provider with extensible PPM capabilities that help teams manage multiple projects and visualize and prioritize resources for a better workflow. The tool has a prebuilt, ready-to-use PPM template and project portfolio analysis capabilities (Figure C). These features help teams manage multiple projects, track progress and manage resources efficiently. And Wrike’s collaboration features help teams collaborate, communicate and coordinate tasks. Wrike is available as a cloud-based, desktop and/or mobile app solution for businesses of all sizes.
Figure C
Wrike’s project portfolio management features are only available in the Business, Enterprise and Pinnacle pricing tiers:
Wrike integrates with 400+ third-party applications. Some of their top integrations include:
Our analysis found that Wrike uses AI to minimize your project portfolio’s risk and it maintains a risk log to ensure consistently high standards across your portfolio. Wrike also ranks high for resource utilization, it evaluates capacities and distribution of work by visualizing upcoming requirements – this ultimately helps avoid employee burnout.
For more information, check out our full Wrike review.
With monday work management, teams can create customized workflows, automate routine tasks and easily collaborate on projects. The software can be used by teams of any size in any industry and is available on the web and mobile devices. monday work management provides users with many beneficial features, including time tracking, customizable templates, team boards, calendar views and integrations with other tools and services.
Further, monday work management allows managers to allocate resources and prioritize tasks to meet the company’s objectives. Its PPM templates give stakeholders a high-level view of their portfolio information and overall health (Figure D).
Figure D
monday work management integrates with over 200 third-party services.
We selected monday work management for its advance features that make it an excellent choice for project portfolio management. The PPM platform gives you value for your money by providing quality tools for managing projects, tasks and resources.
For more information, check out our full monday Work OS review.
Asana PPM helps project managers monitor their team’s initiatives, such as project status, progress and resource allocation, in a unified dashboard. Asana provides a comprehensive view of an organization’s project portfolio, enabling managers to prioritize projects, allocate resources and manage budgets more effectively.
With Asana, teams can track project progress, collaborate on tasks and set up reminders and deadlines. It also includes a workload view (Figure E), which helps managers identify team members’ capacity and balance their workloads.
Figure E
Asana’s PPM features are only available in its Business plan, which is priced at $24.99 per user per month when billed annually, or $30.49 per user when billed monthly.
Asana integrates with over 100 third-party apps, including:
We selected Asana for its ability to manage multiple projects and large-scale initiatives and easily visualize progress across initiatives for executive stakeholders. Asana Portfolios can also help you monitor project timelines and dependencies, allowing you to prioritize and allocate resources effectively.
For more information, check out our full Asana review.
ClickUp consolidates productivity, project management, work management, document collaboration and communication on a unified platform. It is designed to be an all-in-one platform that can be customized to suit the needs of various teams and industries, from small businesses to large enterprises. ClickUp provides stakeholders with extensive insights into all projects’ progress and reports on milestones.
ClickUp has over 15 customizable project views and an extensive template library for various use cases (Figure F). The tool has over 50 native integrations, making it easy for teams to connect with existing apps in their toolkits.
Figure F
ClickUp offers over 50 native integrations. The popular ones include:
We chose ClickUp because it provides templates to help you manage resources, tasks and objectives, visualize progress and performance and align your teams around goals and priorities. It allows you to organize tasks into sixteen different statuses, including new, complete, at risk and in progress.
For more information, check out our full ClickUp review.
Celoxis is all-in-one enterprise-level PPM software that offers project planning, resource management, task tracking, time tracking, budgeting, collaboration and reporting features for optimized project portfolio management. These features help businesses of all sizes plan, manage and track projects from start to finish.
Celoxis offers fully featured resource management capabilities to maximize team utilization and project performance. It enables managers to allocate tasks based on skills, roles and availability while considering employees’ time zones and work shifts. Celoxis also offers a comprehensive suite of real-time dashboards, reporting capabilities and customizable workflows to help managers measure, analyze and optimize team performance (Figure G).
Figure G
Celoxis offers two deployment plan options: Cloud and On-Premises. Pricing information for both On-Premises and Cloud plans are available upon request. The Cloud plan requires a minimum of five users.
The tool connects with over 400 third-party apps, including:
We selected Celoxis for its versatility. Whether we are managing complex projects with multiple dependencies and stakeholders or simple projects with a few team members, Celoxis offers PPM features that you can align to your specific PPM needs.
See how Celoxis compares to our list of the top 10 project management software.
Project portfolio management software provides analytics and dashboards to help managers and stakeholders gain insights into project performance and make informed decisions. Its features include project tracking and reporting, financial management, collaboration and communication. Other key PPM features include:
PPM tools often provide a dashboard that displays an organization’s project portfolio overview. It offers a real-time snapshot of the portfolio’s health, including KPIs and OKRs, such as project status, resource utilization and budget, plus forecast versus the actual baseline. With this feature, project stakeholders can identify and address potential issues, looking at resource constraints and breaking down large projects to increase success rates.
PPM tools typically offer resource management functionality, which allows organizations to plan and allocate resources across multiple projects. Given resource constraints, this feature helps ensure resources are not under- or over-utilized and project timelines are realistic. Resource management functionality also allows organizations to identify and address resource conflicts before they become critical issues.
PPM tools often include functionalities to help organizations prioritize projects and programs based on strategic goals, available resources and other criteria. Project prioritization enables stakeholders to make data-driven decisions about which projects to pursue and how to allocate resources. Organizations can maximize the value of their project portfolios by prioritizing projects based on strategic goals and objectives.
The best PPM tools include functionality to help organizations identify, assess and manage risks associated with projects and programs. When potential project risks are identified and addressed early in the project life cycle, there is an immediate increase in the project success rate.
However, if risks are not properly managed, they could delay delivery, cost the team more money and affect the team’s overall performance. PPM risk management functionality enables organizations to monitor and mitigate risks throughout the project life cycle, minimizing the impact of unforeseen events.
The ability to make data-driven decisions about project selection, resource allocation and other strategic initiatives is essential for the overall health of a company. With PPM reporting and analytics features, organizations can identify trends and patterns in project performance, enabling them to track KPIs and measure the success of their project portfolio. Reporting and analytics features provide valuable insights that are needed to enhance individual projects and project portfolios.
Choosing the right PPM tool is crucial to your organization’s project portfolio management success. Here are some key factors to consider when selecting a PPM tool:
Ultimately, the best PPM solution for you depends on your company’s requirements.
When we evaluated the best PPM software, a few criteria were considered. As a baseline, we evaluated software features to ensure each solution offers project portfolio management capabilities. We also reviewed the cost of the software, the ease of implementation and use and customer service and support. Finally, we considered the reviews and ratings each solution has received.
