Top 10 Project Portfolio Management software
August 10, 2023 | Editor: Adam Levine
Project Portfolio Management (PPM) software helps organizations effectively manage and prioritize their projects by providing a centralized platform for planning, tracking, and analyzing project portfolios. With features like resource allocation, financial analysis, and reporting, PPM software enables businesses to make informed decisions, optimize resource utilization, and align projects with strategic objectives, leading to improved project success rates and overall business performance.
Microsoft Project is a project management software program developed and sold by Microsoft which is designed to assist project managers in developing plans, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads. The application creates critical path schedules, and critical chain and event chain methodology third-party add-ons are also available. Schedules can be resource leveled, and chains are visualized in a Gantt chart.
Manage work in one place with Adobe Workfront, the only online cloud-based project management software to support all work in any methodology.
Clarizen's online project management software facilitates team collaboration and project execution, ensuring data is always up-to-date and aligned with business objectives. No complex software or hardware installations are required due to Clarizen's software-as-a-Service (SaaS) structure, resulting in immediate business impact as teams and projects get up and running instantly.
Market-leading portfolio management and work management solution. Planview enables organizations to connect the business from ideas to impact, accelerating the achievement of what matters most. Our full spectrum of portfolio management and work management solutions creates an organizational focus on the strategic outcomes and empowers teams to deliver their best work, no matter how they work.
Strategic Portfolio Management software that captures your strategy and aligns your portfolios, projects, and teams to make an impact on the bottom line, enables project decision-making across the entire portfolio and helps you reach the next maturity level..
Speed up your digital transformation with Clarity, the leading investment-planning solution for the enterprise. Instead of traditional project management, we help you transition to digital product management, where you manage value streams to counter market disruptions, maximize enterprise resources, and pivot with fluctuating customer demands.
The Standard for Planning and Scheduling. Manage projects of any size with Primavera P6 EPPM. Robust, and easy-to-use, Primavera P6 EPPM is the solution for globally prioritizing, planning, managing, and executing projects, programs, and portfolios.
Enterprise Portfolio and Project Management software. Manage projects company-wide from a centralized repository and keep the portfolio on track – from forecasting and planning to accounting and closure.
Planview Changepoint Services Automation software connects all aspects of your services organization using professional services automation to streamline quote-to-cash and drive profitability.
IBM Program Work Center is a collaborative program and project management solution offered as a Software-as-a-Service (SaaS) application. It reduces the risk and complexity of running large-scale projects, programs, initiatives and transformations.
on Live Enterprise
Latest news about Project Portfolio Management software
2021. Oracle integrates Primavera with SAP ERP
Further advancing the simplicity of enterprise project portfolio management, Oracle has introduced Primavera Inspire for SAP 7.0, aiming to enhance integration between Oracle's Primavera P6 Enterprise Project Portfolio Management and SAP's enterprise resource planning (ERP) project-related modules. This solution empowers executives and project managers to achieve tangible return on investment (ROI) by synchronizing material, resource, schedule, and financial information across SAP's Materials Management, Project System, and Plant Maintenance modules, and Oracle's Primavera P6. Primavera Inspire for SAP 7.0 significantly enhances project planning and execution by providing project managers with crucial visibility to efficiently manage and optimize resources across different corporate divisions and departments. Moreover, this integration enables the timely delivery of large-scale capital projects within budget constraints. With Primavera Inspire for SAP 7.0, organizations can enhance their management and forecasting of material, cost, schedule, and resource requirements for routine maintenance operations, fostering improved operational efficiency.
2021. Clarity 15.9 improves UX and external content integration
As part of an ongoing partnership with Broadcom, CA has introduced Clarity 15.9 for both on-premise and SaaS customers. This latest release builds upon the added value that the new user experience (UX) brings to our esteemed customers. With this new version, users can now utilize channels to seamlessly incorporate external content, such as Power BI, into their investment views. Channels enable the embedding of content from external sources, including external sites, applications, or Classic PPM context-sensitive investment reports, directly within Clarity. Users can interact with the embedded content and make well-informed business decisions without having to navigate away from Clarity. Additionally, this update includes various enhancements, such as the ability to approve or return multiple timesheets in bulk, improvements to custom objects via API, the addition of Goal attributes to Roadmap Items, and the ability to view the Goal for each investment. In the Staff module, users can now view actuals, estimate to complete, usage, remaining allocation, and remaining availability as time-scaled values. The inclusion of Days as a metric in the staffing overview further enhances the functionality of Resource Management, making it a valuable addition to the platform.
2021. Planview acquires Clarizen and Changepoint
Planview has made significant moves in the industry through the acquisition of two renowned companies: Clarizen, a global leader in enterprise Collaborative Work Management, and Changepoint, a prominent provider of enterprise Portfolio Management solutions. This strategic transaction will bring together Planview, Clarizen, and Changepoint customers, creating a premier community of PMOs, PPM, and Professional Services Automation (PSA) practitioners. With an expanded portfolio of solutions, customers will have access to enhanced tools and resources to strategically plan and successfully execute their critical initiatives. This transformative combination has garnered positive feedback from customers thus far, signaling its potential to revolutionize the industry. These acquisitions closely follow Planview's acquisition by TPG Capital and TA Associates in December 2020, demonstrating the commitment to accelerating Planview's growth and advancing its vision for Agile and PPM for Enterprises. With Clarizen and Changepoint as its largest acquisitions to date, Planview sets the stage for its growth strategy in 2021.
2020. Adobe acquires project management startup Workfront for $1.5B
Adobe has recently made an announcement regarding its acquisition of the marketing workflow management startup Workfront for a substantial amount of $1.5 billion. This strategic move by Adobe is aimed at expanding its offerings within the Experience Cloud, enabling the integration of additional online marketing tools. Workfront specializes in assisting companies in effectively managing complex projects, whether within the marketing department or other areas of the organization. Notably, Workfront boasts an impressive customer base that includes renowned companies such as Home Depot, T-Mobile, and Deloitte. Furthermore, there is a significant overlap of 1,000 shared customers between Workfront and Adobe, out of Workfront's total customer base of 3,000. Workfront's APIs provide seamless connectivity to Adobe's Creative Cloud and Experience Cloud, two key components frequently utilized by marketers within Adobe's product family.
2018. Broadcom acquires CA Technologies for $18.9B
Semiconductor manufacturer Broadcom has reached an agreement to acquire CA Technologies for $18.9 billion. The acquisition of CA Technologies, a renowned provider of cloud-based and traditional enterprise software, presents an opportunity for Broadcom to diversify its business offerings. CA Technologies is globally recognized as a leader in mainframe and enterprise software, delivering solutions that enable organizations of all sizes to develop, manage, and secure complex IT environments, ultimately driving productivity and competitiveness. With a strong focus on business-to-business (B2B) software, CA Technologies offers a comprehensive product portfolio that includes project portfolio management (Clarity), Agile software development, DevOps, and computer security software. These solutions cater to various technology landscapes, including mainframe, distributed computing, cloud computing, and mobile devices. Operating in 40 countries, CA Technologies boasts an extensive patent portfolio, currently holding over 1,500 patents worldwide with more than 950 patents pending.
2016. Microsoft unveiles Project Server 2016, inpired by Cloud
Microsoft has made an announcement regarding the general availability of Project Server 2016, a solution that brings significant project and portfolio management (PPM) benefits to our on-premises customers. According to Microsoft, Project Server is engineered to perform and scale just like their cloud service, as it is built using the same underlying code. In terms of functionality, the release of Project Server 2016 shares many similarities with its 2013 predecessor. However, it introduces enhancements in resource management, such as the inclusion of resource engagements with heat map displays, and improves the transparency between project planning and line planning. Additionally, the Resource Plan feature has been removed from the Project Web App interface, as it is now integrated into Microsoft Project 2016. Microsoft has also introduced a content pack for Power BI Dashboards, which seamlessly integrates with their cloud-based Project Online offering.
2014. SAP unveiles Portfolio and Project Management 6.1
SAP EPPM (Portfolio and Project Management) represents SAP's enterprise solution for supporting project planning and execution. The latest version of SAP Portfolio and Project Management addresses critical functional gaps identified by user groups while enhancing user experience and usability through non-disruptive improvements. It aims to further align project management and portfolio management. The updated features include the introduction of new portfolio item dashboards, which replace the previous ALV lists with new WebDynpro tables. These tables offer improved visualization, scrolling, filtering, dynamic column count (similar to Excel behavior), multi-language support, display of archived portfolio data, and the ability to search for archived portfolio objects. Usability enhancements are also incorporated. Additionally, the user interface for object links in Project Management is now unified with Portfolio Management, providing consistency across both areas.
2014. Planview buys Projectplace to combine resource and project management
The enterprise resource management company based in the U.S., Planview, has announced its acquisition of Projectplace, a provider of project management tools from Sweden. This merger brings together two companies with complementary product portfolios and aims to capitalize on geographical expansion opportunities. Projectplace will gain easier access to the U.S. market, while Planview will strengthen its presence in Europe. Additionally, the merger aims to create a unique and unparalleled product offering in the market. Projectplace's cloud-based software specializes in project-based collaboration, while Planview's tools cater to executive decision-making. The integration of these platforms will enable users to seamlessly execute projects and utilize Kanban features in Projectplace, while simultaneously planning and overseeing them in Planview Enterprise.
2009. Clarizen 3.0 add Issue and Expense management
Clarizen 3.0 introduces a range of new features, such as the ability to handle business issues, track expenses, and access Gantt charts. Additionally, the company has made enhancements to Clarizen's design and expanded its website tutorials to facilitate user learning. The two major updates in this version are Issue management and Expense management. With Clarizen's Issue management pane, project managers can easily identify project problems, assign responsible individuals to address the issues, and provide detailed descriptions of what needs to be resolved. In the Expenses pane, users can generate expense reports, entering their own expense descriptions or selecting from those predefined by the project manager. If expense categories have been created by the project manager, users can choose the appropriate items from a drop-down list; otherwise, they can add their own categories. Clarizen offers various pricing plans, starting from $24.95 per user per month and ranging up to $49.95 per user per month, depending on the number of licenses required and the subscription duration.
2008. CA launches SaaS project portfolio management suite
CA has introduced on-demand versions of its Clarity Project and Portfolio Manager (PPM), Governance, Risk and Compliance (GRC) Manager, and Instant Recovery tools, which are all immediately available. Jules Ehrlich, the general manager at CA's On Demand division, highlighted the key advantages of Software-as-a-Service (SaaS): rapid and straightforward deployment, an appealing financial model, and seamless upgrades. While Clarity PPM On Demand has been accessible to customers since April, its official announcement took place during the recent show. The Chicago Department of Health is an early adopter of Clarity PPM On Demand. Pricing for Clarity PPM On Demand starts at $18 (£12) per user, with variations based on the number of users and contract duration. According to Ehrlich, the price can increase up to $100 per user, with more favorable deals available for longer-term commitments. On the other hand, GRC Manager On Demand is priced at $500 per user. Clarity PPM supports user counts ranging from 50 to 50,000, providing flexibility to organizations of various sizes.
2008. Oracle buys project portfolio management software Primavera
Oracle has entered into an agreement to acquire Primavera Systems Inc., a renowned provider of project portfolio management (PPM) applications. While notable players like CA Inc. and IBM offer PPM solutions, there are also several smaller vendors in this space, including Planview and Cardinis. Primavera, however, holds a distinguished position as the pioneer of project management, as highlighted by Forrester Research Inc. analyst Ray Wang, who described it as the "granddaddy of project management." It serves as an industry standard, extensively utilized in major construction and road projects. The impending acquisition not only grants Oracle access to cutting-edge technology but also provides a substantial customer base. According to a statement, Primavera's software is currently employed by 375 of the top 400 engineering firms and all five branches of the U.S. military.
2004. IBM buys PPM software maker Systemcorp
IBM has announced its acquisition of Systemcorp, a Canadian software vendor specializing in project portfolio management software designed to enhance companies' IT project management capabilities. Systemcorp's PMOffice suite, accessible through the web, combines document management and workflow tools with features for tracking project activities. This integration enables team members to collaborate effectively while providing reporting, monitoring, and cost analysis capabilities for project progress and performance. IBM emphasizes that the analytical data generated by Systemcorp's software equips companies with the necessary visibility to make informed decisions about technology investments and resource allocation. As part of the acquisition, IBM plans to integrate Systemcorp's operations into its Rational software development platform. The company expects the acquisition to be finalized within 30 days.
2002. IBM acquires Rational for $2.1B
IBM made a significant impact on the software and Web services development industry by acquiring Rational Software Corp. in a deal valued at $2.1 billion, marking the company's largest acquisition since purchasing Lotus Development Corp. in 1995. Rational offers a platform for software development tools catering to J2EE, .Net, Linux, and other environments. This acquisition positions IBM as the industry leader with the widest range of platform support and integrated development environments. In the past, IBM and Rational collaborated closely, integrating Rational's development methodologies and products into IBM's offerings. Notably, Rational also maintained strong relationships with Microsoft, adapting its Rational XDE life-cycle development platform to support both IBM's WebSphere and Microsoft's .Net platform. With this move, IBM strengthens its portfolio of software applications and management products through a robust tools division, aligning with the company's business On Demand strategy. Rational now joins Lotus, Tivoli, WebSphere, and DB2 as key components of IBM's software strategy.