7 Best Project Portfolio Management Tools For Business

7 Best Project Portfolio Management Tools For Business

Nothing is more challenging than managing multiple projects at the same time for the business success. Whether you are developing a new website or creating marketing campaigns, having the most suitable Project Management (PPM) tool can make a world of difference. These new-age tools allow different types and businesses in Australia to prioritise tasks, track progress, allocate resources and ensure project success.

Project Portfolio Management is the centralised management of a company’s projects. These are managed under one portfolio to oversee and track competing resources. There is no denying that project management consultancy in Australia focus on leveraging new-age technologies to streamline project delivery rates, and PPM tools are no exception.

Today, we bring you seven most successful Project Portfolio Management tools for business to streamline their projects and boost efficiency with ease.

Monday.com

It is one of the perfect PPM tools for small to medium-sized businesses in manufacturing and IT sector. It has a simple interface to help view multiple projects and their progress with ease. With the use of its custom-made dashboards, you can manage the way you work to boost efficiency. It can help you track progress and collaborate team’s productivity across departments. The tool comes with time tracking and workload management features, and well-integrated with Zoom, Slack and Google Drive. When tracking performance, make the most of Gantt charts to get insights and develop better strategies.

Cons: Restricted functionality in the basic plan and an expensive tool for new businesses.

Smartsheet

This is one of the best Project Portfolio Management tools, recommended by project management consultants in Australia. It is a perfect amalgamation of simple interface with robust project management features to help businesses track multiple projects and create reports efficiently. It is a great tool for businesses, requiring detailed reporting, resource management and budgeting. Construction and healthcare sectors in Australia can use this tool for optimal functioning.

It lets you access grant charts, multiple project timelines, track projects in real time and automate workflows. It has seamless integration with MS office and Google Workspace.

Asana

If your project management team requires seamless collaboration and task management tool, Asana can be the perfect PPM tool for you. It is widely used among businesses for its easy yet powerful project portfolio management capabilities. It allows teams to organise work, track deadlines, and collaborate efficiently.

Key features include, task management and subtasks, custom fields and forms, calendar view and timeline, integrated with more than 200 apps. The best part is that the free plan is available for small teams as well.

Trello

Small businesses, teams and startups in Australia can use this project management tool for efficient outcomes. It has a seamless user interface, customisable features and easy reporting tools to help you manage smaller teams and projects effectively. It uses card-based system to track project progress.

Trello comes with a drag and drop task management to streamline project timeline. It also has customisable workflows and integrated well with more than 100 tools to help you complete projects on time.

Microsoft Project

Microsoft Project is a comprehensive project portfolio management tool that integrates seamlessly with Microsoft Office tools. It is ideal for businesses that need detailed project planning, scheduling, and reporting.

Key features include task tracking and grant charts, resource management, pre-built and customisable templates and well-integrated with Office 365.

Wrike

Wrike is one of the most versatile project portfolio management tools for medium to large-sized companies. It can help businesses create, execute and track multiple projects in a breeze. It can benefit project management teams to manage complicated projects at the same time without delaying the delivery time or increasing cost.

It comes with real-time dashboards, and quick reporting feature. The best part is that it is well-integrated with CRM and marketing tools for quality and efficient outcomes.

Click Up

Click Up is ideal for businesses of all sizes looking for an all-in-one project management solution. It is an economical, super-versatile and quality project management tool, offering comprehensive features to help manage multiple projects efficiently.

Key Features:

Customizable dashboard

Task automation

Time tracking and goal setting

Integration with over 1,000 apps

Wrapping Up

These are seven most promising project portfolio management tools, used by professional project management consultancy in Australia, individual enterprises and many companies to track and manage multiple projects like a pro.