According to Matt Davies Stockton, project portfolio management (PPM) software allows project management offices and professionals to optimize every part of their project portfolio while centralizing all the data into a powerful platform. Let’s check out the benefits of using project portfolio management software.
1. Task automation and productivity – As mentioned above, the main purpose of PPM software is to make things easier for Project Management Offices and relevant professionals. That’s why PPM tools come with project-oriented capabilities that save both time and money for project workers. For instance, good PPM software automates administrative tasks that eat up the time of project managers without adding significant value. Such tasks include sending reminders, formatting data, making calculations, and more.
2. Resource management – PPM software also allows project managers to effectively and efficiently deploy their organization’s resources. The goal is to ensure that machinery and equipment, …