22 Best Project Forecasting Software Reviewed for 2025
Best Project Forecasting Software Shortlist
Here are my picks for the 10 best software options from the 22 total tools that I reviewed.
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Project forecasting software can help you predict project outcomes more accurately, manage expectations effectively, and estimate future project performance based on existing data and trends, but selecting the ideal tool is challenging.
Using my extensive expertise as a software expert and project manager, I've reviewed and shortlisted several tools that are worth investing your time and money into. See my picks below, along with explanations of why I chose each one and what its pros and cons are.
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How To Choose Project Forecasting Software
As you work through your own unique software selection process, keep the following points in mind:
- Scalability: Project forecasting software must be able to grow with your business. Can it handle increasing amounts of data and more complex project portfolios as your organization expands?
- Integration Capabilities: Make sure the software integrates with your existing systems (e.g. your ERP, CRM, and other project management tools). This will help you maintain data consistency and clean up your workflow processes.
- Customization Options: Look for software that can be customized to meet the specific needs of your industry and company. You should have the ability to tailor features, such as reporting formats and dashboard views.
- Real-Time Data: The software should provide real-time insights that allow you to make timely decisions. This is essential in industries where conditions change rapidly (e.g. technology and manufacturing) and delays can be costly and impact project success.
- User Experience: Consider the learning curve and usability of the software. Everyone from the project manager to the team members should find it accessible and easy to use. This can increase adoption rates and help make data entry more accurate.
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Smartsheet
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.4 -
Wrike
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.2 -
monday.com
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.6
Overviews Of the 10 Best Project Forecasting Software
Here are my in-depth analyses and comprehensive overviews of each project forecasting software. I’ve covered pros and cons, key features, and optimal use cases to help you find the right fit.
Microsoft Project offers comprehensive tools for project scheduling, portfolio management, and resource management. It is best for users seeking familiar, robust project management tools integrated within the Microsoft ecosystem.
Why I Picked Microsoft Project:
I selected Microsoft Project for this list due to its widespread recognition and integration within the Microsoft ecosystem, making it a go-to choice for many organizations already using Microsoft products. Its familiarity and depth in project management functionalities make it ideal for users looking for a comprehensive, integrated solution.
Microsoft Project Standout features & integrations:
Features include detailed project scheduling features, resource allocation tools, and built-in templates that help streamline project setup and tracking. The software's deep integration with Microsoft 365 enhances collaboration and reporting capabilities, making it easy to manage projects within a familiar framework.
Integrations include Microsoft Teams, Microsoft Excel, Microsoft Power BI, SharePoint, OneDrive, Azure DevOps, Dynamics 365, Outlook, PowerApps, and Yammer.
Pros and cons
Pros:
- Familiar interface to many users
- Comprehensive project management features
- Deep integration with Microsoft 365
Cons:
- Annual commitment required
- Can be complex for small teams or simple projects
- Mainly suitable for users deep in the Microsoft ecosystem
Anaplan offers a cloud-based planning platform that connects data, people, and plans across any business. It excels in cross-functional decision making with its collaborative approach.
Why I Picked Anaplan:
I selected Anaplan for this list because of its strong capabilities in connecting various functions within an organization to streamline planning and decision-making processes. Its platform supports a collaborative approach, making it ideal for businesses that rely on synchronized decision making across multiple departments.
Anaplan Standout features & integrations:
Features include Hyperblock technology, which allows for real-time calculations and adjustments across large datasets, facilitating rapid scenario planning and forecasting. Its extensive integration capabilities ensure that it can connect seamlessly with existing business systems, enhancing data accuracy and decision quality.
Integrations include Salesforce, Google Sheets, Microsoft Excel, Oracle, SAP, Tableau, Power BI, Slack, Workday, and ServiceNow.
Pros and cons
Pros:
- Extensive integration options
- Robust scenario planning and forecasting capabilities
- Enables real-time cross-functional collaboration
Cons:
- Pricing details are not transparent
- May require substantial training
- Can be complex to implement
Jedox streamlines enterprise performance management with robust integrated planning and analytics tools. It excels in offering a unified solution for complex, multi-departmental planning needs.
Why I Picked Jedox:
I chose Jedox for this list because it provides a comprehensive suite of tools that facilitate integrated planning across various business functions, making it stand out from other project forecasting software. It's particularly effective for organizations that require a seamless flow of data across departments to inform strategic decisions and forecasting.
Jedox Standout features & integrations:
Features include strong capabilities in data integration, collaboration, and reporting. The platform supports scenario planning and what-if analyses, which are essential for dynamic and uncertain environments. Its robust integration with major IT systems simplifies the complexity of enterprise-wide planning processes.
Integrations include Microsoft Excel, Salesforce, SAP, Oracle, Qlik, Tableau, Power BI, Google Sheets, Microsoft Dynamics, and IBM Cognos.
Pros and cons
Pros:
- Strong collaborative planning tools
- Powerful what-if analysis features
- Extensive integration capabilities
Cons:
- Setup may require significant IT resources
- Pricing information not transparent
- High learning curve for new users
Workday Adaptive Planning provides cloud-based software for business planning, including sophisticated tools for budgeting, forecasting, and particularly, workforce planning. It excels in workforce planning through its ability to model and manage personnel expenses deeply integrated with operational plans.
Why I Picked Workday Adaptive Planning:
I chose Workday Adaptive Planning for this list because of its comprehensive workforce planning features that are deeply integrated with financial and business planning capabilities. Its strong focus on managing personnel resources and costs makes it the best option for companies that need detailed and dynamic workforce management.
Workday Adaptive Planning Standout features & integrations:
Features include robust modeling capabilities that allow organizations to forecast and plan for hiring needs, salary increases, and other workforce-related expenses. It integrates seamlessly with major HR and financial systems, providing a unified view of workforce analytics.
Integrations include Workday HCM, Microsoft Excel, Salesforce, SAP, Oracle, NetSuite, Slack, Google Cloud, Tableau, and Power BI.
Pros and cons
Pros:
- Comprehensive modeling tools for various scenarios
- Seamless integration with HR and financial systems
- Detailed workforce planning capabilities
Cons:
- Setup and customization can be resource-intensive
- Pricing can be on the higher side
- May require a steep learning curve
4castplus provides specialized project cost management software tailored for the construction industry. It excels in construction budget tracking with its detailed cost control and real-time budget analytics.
Why I Picked 4castplus:
I chose 4castplus for its comprehensive focus on construction budget tracking, which stands out in a market often dominated by more generic financial tools. Its specialized features meet the specific demands of construction project management, making it best for firms that need precise and proactive budget oversight.
4castplus Standout features & integrations:
Features include real-time budget tracking, cash flow management, change order management, and cost-to-completion forecasting, crucial for maintaining budget integrity in construction projects.
Integrations include Microsoft Project, Primavera P6, SAP, Oracle JD Edwards, QuickBooks, Xero, Microsoft Dynamics, Salesforce, SharePoint, and AutoCAD.
Pros and cons
Pros:
- Comprehensive change order management
- Real-time budget and cost tracking
- Specialized for construction industry needs
Cons:
- Requires integration setup for full functionality
- Pricing transparency could be improved
- Steep learning curve for new users
SAP Cloud Analytics provides comprehensive data solutions, enabling deep insights and decision-making support across large enterprises. It excels in managing complex data environments and delivering sophisticated analytical capabilities.
Why I Picked SAP Cloud Analytics:
I selected SAP Cloud Analytics for its robust data processing and analytics capabilities, which are ideal for large enterprises with complex data needs. It stands out due to its powerful integration with SAP’s ecosystem and its ability to handle massive datasets, making it the best choice for organizations requiring advanced analytics.
SAP Cloud Analytics Standout features & integrations:
Features include advanced data visualization, real-time analytics, and machine learning capabilities, which empower businesses to transform raw data into actionable insights. It integrates deeply within the SAP ecosystem, enhancing its utility by leveraging existing business systems for seamless data flow and analysis.
Integrations include SAP ERP, SAP S/4HANA, SAP BW, SAP HANA, Microsoft Office, Salesforce, Google BigQuery, Oracle Database, IBM DB2, and Amazon Redshift.
Pros and cons
Pros:
- Suitable for handling complex, large-scale data sets
- Robust integration with SAP products
- Comprehensive advanced analytics capabilities
Cons:
- Requires familiarity with SAP products for best use
- Higher cost likely reflective of advanced features
- Can be complex to implement
IBM Planning Analytics automates planning, budgeting, forecasting, and analysis processes, enhancing the precision of financial insights. It is best for complex scenario modeling due to its powerful analytics and simulation capabilities.
Why I Picked IBM Planning Analytics:
I selected IBM Planning Analytics for its advanced analytical tools and flexibility in handling complex financial and operational data. Its ability to perform multi-dimensional scenario analysis makes it ideal for organizations that face complex planning challenges and require detailed forecasting and modeling.
IBM Planning Analytics Standout features & integrations:
Features include a powerful in-memory database that allows for instant scenario analysis and what-if modeling, helping organizations plan for various outcomes. It also offers a user-friendly workspace that supports drag-and-drop functionality for easy modeling. Integration with various data sources is streamlined, enabling effective data consolidation and management.
Integrations include IBM Cognos, Microsoft Excel, Salesforce, SAP, Oracle, Microsoft SQL Server, Google Cloud, Amazon Redshift, Tableau, and Power BI.
Pros and cons
Pros:
- User-friendly interface for complex analytics
- Real-time data processing with in-memory technology
- In-depth scenario modeling capabilities
Cons:
- Complexity of features requires a learning curve
- Minimum seat requirement may exclude smaller teams
- Higher cost compared to some competitors
Cube Software simplifies financial planning, analysis, and reporting. Cube is distinguished for real-time financial modeling due to its robust integration with existing data sources and immediate update capabilities.
Why I Picked Cube Software:
I chose Cube Software for this list because it stands out in delivering real-time data capabilities, crucial for dynamic and fast-paced financial environments. Its strength in seamlessly integrating with multiple data systems makes it ideal for real-time financial modeling. This capability ensures financial teams can rely on the most current data for making strategic decisions.
Cube Software Standout features & integrations:
Features include user-friendly interface and powerful data consolidation features, which simplify complex financial processes. The platform's capability to integrate data in real-time allows for more accurate forecasting and budgeting. Notably, its direct integrations with commonly used financial systems enhance its utility.
Integrations include Salesforce, QuickBooks, Xero, NetSuite, Microsoft Excel, Google Sheets, Oracle, SAP, Slack, and Workday.
Pros and cons
Pros:
- Robust data consolidation tools
- User-friendly interface
- Real-time data integration
Cons:
- Limited customization options for smaller businesses
- May require initial setup assistance
- Pricing transparency is lacking
NetSuite ERP offers a comprehensive suite of enterprise management features designed for growing businesses. It is best for scalable cloud ERP due to its ability to adapt and scale with a company's growth.
Why I Picked NetSuite ERP:
I chose NetSuite ERP for its robust scalability and extensive suite of applications that support a range of business functions from finance to supply chain management. Its cloud-native foundation makes it uniquely capable of growing with businesses, ensuring they have the resources and tools necessary as they expand.
NetSuite ERP Standout features & integrations:
Features include real-time data access across all areas of business, which enhances decision-making and efficiency. Its features include financial management, CRM, and e-commerce capabilities, all integrated into one platform for seamless operation. This integration reduces IT complexity and promotes clearer insights across departments.
Integrations include Salesforce, Oracle, SAP, Microsoft Dynamics, Google Cloud, Amazon Web Services, Shopify, Magento, WooCommerce, and Slack.
Pros and cons
Pros:
- Real-time data access improves decision-making
- Comprehensive feature set covering multiple business functions
- Highly scalable across business sizes
Cons:
- Can be complex to fully integrate without proper IT support
- Requires a minimum of 10 users, limiting smaller operations
- Higher initial cost may be prohibitive for smaller businesses
Planview offers comprehensive solutions for managing enterprise-wide portfolios, resource allocation, and work collaboration. It is best for enterprise portfolio management due to its scalable architecture and extensive feature set designed for large-scale operations.
Why I Picked Planview:
I chose Planview for this list because of its exceptional ability to manage complex, multi-dimensional portfolios across large enterprises. Its robust features support extensive planning, resource management, and execution capabilities, making it the best tool for enterprises seeking holistic portfolio oversight.
Planview Standout features & integrations:
Features include advanced portfolio and resource management features, which include strategic planning, investment prioritization, capacity planning, and project budgets tracking. The tool's integration with enterprise systems facilitates a cohesive management approach across various departments and projects.
Integrations include JIRA, Microsoft Azure DevOps, SAP, Salesforce, ServiceNow, Microsoft Teams, Slack, Microsoft Project, SharePoint, and Oracle ERP.
Pros and cons
Pros:
- Supports strategic planning and prioritization
- Scalable for large enterprises
- Extensive portfolio management features
Cons:
- May require significant time to implement effectively
- Pricing and configuration can be costly
- Complex interface can be challenging to navigate
Project Forecasting Software Summary
| Tool | Best For | Trial Info | Price | ||
|---|---|---|---|---|---|
| 1 | Microsoft Project Microsoft Project facilitates detailed project scheduling and resource management, allowing users to predict project timelines and budget needs accurately. | Best for familiar project management tools | 30-day free trial | From $10/user/month (billed annually) | Website |
| 2 | Anaplan Anaplan offers connected planning across various business units with real-time data integration to streamline and refine project forecasting processes. | Best for cross-functional decision making | Free demo available | Pricing upon request | Website |
| 3 | Jedox Jedox streamlines project planning and forecasting by integrating data across various business functions for comprehensive analytics and performance management. | Best for integrated planning solutions | Free demo available | Pricing upon request | Website |
| 4 | Workday Adaptive Planning Workday Adaptive Planning provides comprehensive tools for financial, workforce, and sales planning to help organizations forecast project performance and outcomes effectively. | Best for workforce planning | Free trial available | Pricing upon request | Website |
| 5 | 4castplus 4castplus delivers precise budget tracking and project cost management specifically designed for the construction industry, enhancing financial forecasting and operational oversight. | Best for construction budget tracking | Not available | From $7/user/month (billed annually) | Website |
| 6 | SAP Cloud Analytics SAP Cloud Analytics enhances project forecasting by providing advanced data analytics and visualization tools to help large enterprises make informed project decisions. | Best for advanced analytics in large enterprises | Not available | Pricing upon request. | Website |
| 7 | IBM Planning Analytics IBM Planning Analytics utilizes powerful data analysis and predictive modeling tools to enhance project forecasting and scenario planning for complex business environments. | Best for complex scenario modeling | 30-day free trial + free demo available | From $45/user/month (min 5 seats, billed annually) | Website |
| 8 | Cube Software Cube Software is a project forecasting software designed to enhance planning and decision-making through predictive analytics. | Best for real-time financial modeling | Free demo available | From $1,500/user/month (billed annually) | Website |
| 9 | NetSuite ERP NetSuite ERP integrates comprehensive financial, CRM, and project management features to provide real-time project forecasting and visibility across business operations. | Best for scalable cloud ERP | Free demo available. | From $99/user/month, (min 10 seats, billed annually). | Website |
| 10 | Planview Planview enables enterprise-wide portfolio management by offering tools for strategic planning, resource allocation, and project collaboration to optimize project outcomes. | Best for enterprise portfolio management | 30-day free trial | Pricing upon request | Website |
Other Project Forecasting Software To Consider
Here are a few other options that I shortlisted that didn’t make the top list. These are definitely worth checking out as well.
- Runn
For agency project forecasting
- Domo
Good for business intelligence integrations
- Forecast
For AI-driven project automation
- Wrike
Good for scaling with growing teams
- Prophix
Good for automated financial processes
- Zoho Projects
Good for comprehensive small business management
- Smartsheet
Good for spreadsheet-like project management
- Vena Solutions
Good for finance-driven planning and reporting
- Jira
Good for agile software development teams
- ClickUp
Good for one-app productivity solution
- Asana
Good for task visualization and tracking
- monday.com
Good for workflow customization across teams
Selection Criteria For Project Forecasting Software
Here's the criteria I used to evaluate functionality and specific use cases as I tested and researched each project forecasting software tool. This type of software typically offers tools for planning, monitoring, and adjusting projects based on various data inputs and forecasts.
Core Functionality: 25% of total weighted score
- Budget control and forecast accuracy
- Efficient resource management
- Risk identification and mitigation
- Real-time data updating and reporting
- Seamless integration with other business systems
Additional Standout Features: 25% of total weighted score
- Innovative features such as AI-driven analytics, machine learning for predictive modeling, and unique collaborative tools that enhance team interaction
- Additional helpful features like time tracking, timesheet integration, Gantt charts, and team collaboration are a bonus
Usability: 10% of total weighted score
- Clear, intuitive user interfaces that simplify complex data analysis and make it accessible even to non-experts
- Responsiveness and mobile support to make sure team members can manage and view project statuses from anywhere
Onboarding: 10% of total weighted score
- Evaluation of how quickly a new user can get up to speed with minimal assistance, via comprehensive onboarding resources such as training videos, step-by-step guides, and dedicated customer onboarding support
- Examination of whether the tools have template libraries and interactive product tours
Customer Support: 10% of total weighted score
- Assessment of the availability, responsiveness, and helpfulness of the support team via multiple support channels, such as live chat, email, and phone
Value For Money: 10% of total weighted score
- Evaluation includes comparing subscription models, scalability options, and the overall cost-effectiveness of each solution
- Evaluation of whether the pricing structure aligns with the features offered and hidden costs such as setup fees or required add-ons
Customer Reviews: 10% of total weighted score
- Assessment of overall customer satisfaction by analyzing feedback on usability, performance, and support
- High ratings in user satisfaction and low frequency of reported issues contribute positively to a tool’s evaluation
Trends In Project Forecasting Software for 2025
Project forecasting software continues to evolve rapidly due to increasing complexity of projects and the need for more dynamic and precise planning tools. Here’s a breakdown of the key trends:
AI and Machine Learning Integration
- Trend: Predictive analytics capabilities using AI and machine learning algorithms are becoming more prevalent, which can offer more accurate forecasts and risk assessments.
- Functionality improved: These technologies allow the software to learn from past project data, which helps improve resource allocation and timeline predictions. Tools like IBM Planning Analytics are leading the charge by offering advanced scenario modeling capabilities.
Focus on Sustainability
- Trend: New features that help companies track and manage the environmental impact of their projects are emerging as sustainability becomes a priority.
- Functionality improved: This novel functionality is helps orgs meet regulatory requirements and achieve corporate sustainability goals by planning projects that are both efficient and environmentally friendly.
Decreasing Importance of Manual Data Entry Features
- Trend: The need for manual data entry is diminishing as data integration capabilities become more advanced via automation and AI.
- Functionality improved: This shift allows project managers to focus more on strategic decision-making instead of on inputting data.
What Is Project Forecasting Software?
Project forecasting software is a tool designed to predict the future outcomes and performance of projects based on historical data and ongoing project metrics. Project managers use it to estimate project costs, timelines, and resource needs.
This information helps you make informed decisions, anticipate potential setbacks, and align your project with your organization's larger goals. More advanced features include predictive modeling, scenario simulation, and data visualization.
Features Of Project Forecasting Software
Here are the most important features of project forecasting software to look for:
- Data integration: The tool should be able to consolidate data from various sources, and provide a holistic view of the project landscape that keeps all relevant data accounted for and accessible.
- Predictive analytics: Look for advanced algorithms that help you forecast project outcomes using historical data. This will help you anticipate problems and make informed decisions.
- Risk analysis: The tool should include features for identifying and evaluating project risks. Understanding potential risks helps you stay proactive and implement mitigation strategies.
- Resource allocation: You should be able to manage personnel and resources. This helps you make sure resources are used efficiently, reduce costs, and avoid delays.
- Scenario planning: The tool should allow you to simulate different project scenarios. This way, you can test various approaches and choose the optimal path forward.
- Cost forecasting: Look for features for creating detailed financial projections. Accurate cost forecasts are essential for budget management and preventing financial overruns.
- Real-time reporting: The tool should provide insights into project progress and other data that can help you keep projects on track, keep stakeholders informed, and make quick adjustments as needed.
- Dashboards and visualizations: Look for tools that offer intuitive displays of project metrics. Visual tools help translate complex data into actionable insights.
- Collaboration tools: Look for features that facilitate team communication and cooperation. These will help you keep team members aligned and contributing to project goals.
- Customizability: Make sure you have the ability to tailor the software to your specific project needs.
Benefits of Project Forecasting Software
Here are five primary benefits of project forecasting software:
- Better accuracy in forecasts: Project forecasting software lets you use historical data and predictive analytics to create more accurate predictions that reduce the risk of project overruns.
- Improved resource management: This software helps you make sure human and material resources are deployed efficiently, which reduces waste and increases productivity throughout the project life cycle.
- Increased agility: With access to real-time data and scenario planning tools, you can quickly adjust your strategies in response to changes in project scope, resources, or external factors.
- Better risk mitigation: Project forecasting software provides tools for risk analysis and assessment, which will help you and your team foresee potential issues and implement strategies to mitigate them before they impact the project.
- Data-driven decision making: By centralizing project data and providing advanced reporting and dashboard capabilities, this type of software helps you and your stakeholders make decisions based on comprehensive, up-to-date information.
Cost & Pricing For Project Forecasting Software
Here's a table covering typical pricing and plans for project forecasting software:
| Plan Type | Average Price | Common Features |
|---|---|---|
| Free | $0 | Basic forecasting, limited projects, minimal support |
| Standard | $25/user/month | Project tracking, budget forecasting, basic analytics |
| Professional | $50/user/month | Advanced analytics, integrations, enhanced support |
| Enterprise | Custom pricing | Custom features, full integration, dedicated support |
Make sure to evaluate the total cost of ownership, including not only subscription fees but potential costs for implementation and training. Choosing the right plan often means balancing the necessary features against your available budget,.
Project Forecasting Software FAQs
Here are some frequently asked questions I often get about project forecasting software.
Who uses project forecasting software?
This type of software is typically used by project managers, financial analysts, operations managers, and business leaders in a variety of industries.
Can project forecasting software integrate with other business tools?
Yes, most project forecasting software can integrate with other business systems such as ERPs, CRMs, HRMs, and others. This helps improve your data flow and overall project accuracy and efficiency.
Is there a free version of project forecasting software available?
Yes, most providers offers free trials or “freemium” versions with limited features.
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