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10 Best Project Portfolio Management (PPM) Tools In 2023

The Best PPM Tools

Here’s a list of the best PPM tools:

  1. monday.com

    Best PPM tool for workflow customization capabilities

  2. Kantata

    Best portfolio dashboards for professional services teams with 30+ members.

  3. Celoxis

    Best PPM tool for resource management capabilities

  4. Smartsheet

    Best for reporting features

  5. Wrike

    Best for live tracking of team workloads and capacity

  6. Runn

    Best for growing IT and software teams

  7. LiquidPlanner

    Best for managing shared resources and projects across the portfolio

  8. Zoho Projects

    Run multiple projects effectively with Zoho

  9. ClickUp

    Best for multiple portfolio customization and arrangement options.

  10. Forecast

    Best PPM tool for AI and automation capabilities

As your company and your team grow, the number of projects you handle increases. This situation can get to a point where it's difficult to consolidate information across company initiatives. Portfolio management tools allow you to see the big picture and keep projects aligned.

The project portfolio management tools in this review can help you see your projects at a high-level view, their progress, and how they relate to other projects. You can use this information to handle communications with different PMs across your organization and align project outcomes to business goals.

How We Picked The Best Portfolio Management Tools

We evaluated and compared the most popular PPM tools on the market, both for their reviews and user interface. Then, weighed factors that make software a good option for this level of project management, such as the ones that follow.

  • Resource management – Like resource scheduling software, PPM software with resource planning will help you make better decisions around project planning at the portfolio level. This includes features for resource allocation, capacity planning and resource utilization, managing timelines, and projections.
  • Financial administration – PPM tools should help improve your accuracy in managing financial projections, with functionality for estimating project costs and managing budgets. The best software has the option to manage and streamline payrolls, and payment invoicing in general.
  • Risk management – Risk management tools and change management features enable us to plan accordingly for risks and change requests, make risk response plans, and easily estimate the impact of 'What If' scenarios.
  • Reporting & analytics – Modern portfolio management software must provide multiple options for generating reports. Spreadsheets are a baseline, but there are plenty of modern PPM tools with great data visualization tools for communicating data to stakeholders.
  • Integrations – Because there is no perfect PPM software out there, we need tools that sync or integrate with other project management tools, task management tools, or time tracking tools.

Overview Of The Best Portfolio Management Tools

Any project portfolio management solution from this list should help you with managing projects and strategic alignment across your portfolio. Let’s begin!

1

monday.com

Best PPM tool for workflow customization capabilities

monday.com is a project portfolio management software that focuses on simple, visually intuitive layouts that help clarify the sequence of work.

Why I picked monday.com: It allows you to allocate & prioritize tasks, use various views in order to see where everything stands, and track multiple projects using dashboards that provide high-level insights in a visual and intuitive way. The platform is completely customizable, so you will be able to adjust it to your workflow. The platform also provides powerful and customizable notifications and automation so you and your team can focus on what’s important.

With monday.com you can plan, manage, and track your budgets in an intuitive interface. You can track expenses, income, their dates, and attach needed files to each item. And thanks to the various columns, you can filter items by many different variables such as status, people, text, time, location and others. Formula columns are also available.

While monday.com doesn’t offer traditional automated reporting, it is built to show the big picture at a glance to help you analyze various aspects of your projects and processes. To learn about the different capabilities that help analyze performance, scope out their detailed explanation here.

monday.com Standout Features & Integrations

Features include resource and project management, time tracking, collaboration, file management, collaborative docs and reporting dashboards.

Integrations include project management apps like Slack, Google Drive, Gmail, Google Calendar, Jira, GitHub, Trello, Dropbox, Typeform, and many more, accessible via Zapier.

monday.com Plans & Pricing

Pricing starts at $10/user/month and comes with a free 14-day trial. They offer a free plan for up to 2 users.

14-day free trial + freemium plan available

From $10/user/month

2

Kantata

Best portfolio dashboards for professional services teams with 30+ members.

Kantata Industry Cloud for Professional Services is the professional services solution formed by the merger of Mavenlink & Kimble.

Why I picked Kantata: It supports resource management, project management, financial management, and business intelligence. Additionally, it is designed to foster team collaboration and bring your team together in one view.

Their project portfolio management capabilities provide an overview of all your projects in a customizable view that is located in a tab inside the Project Health dashboard. In it, you will find RAG indicators providing quick info on overall health status, margin %, burn rates, risk, and more. Additionally, each item in your scoreboard can take you to more detailed information with a simple hover and click.

Kantata Standout Features & Integrations

Features include resource forecasting, real-time utilization, capacity management, skills management, scenario planning, and role-based planning.

Integrations include pre-built connections with these tools: Expensify, G Suite, Xero, Salesforce, Netsuite, Jira, Hubspot, Slack, Concur, Dynamics 365, Qualtrics, Quickbooks, and Sage Intacct. They also provide an integration platform called M-Bridge that’s designed to simplify integration between Kantata and other business apps like CRM, HCM, and financial software.

Note: Kantata is a viable option for teams with over 30 people as per their pricing form.

Free demo available

Pricing upon request

3

Celoxis

Best PPM tool for resource management capabilities

Celoxis is an all-in-one project portfolio management software and work collaboration platform that is a full-featured project portfolio management system, very intuitive and easy to use for teams of all sizes.

Why I picked Celoxis: You get comprehensive resource management capabilities. It lets you easily allocate resources based on skills, roles, and availability as well as view cross-portfolio resource workload to optimally utilize your workforce. You will find tools for capacity planning, demand management, and project requests. When it comes to tracking project financials, you can automatically get cost/revenue estimates from your plans. You can also track budgets, costs, and profits in real-time as well as plug billing leaks by timely invoicing your clients.

Celoxis’ reporting features let you slice, dice, and visualize data your way. You can get aggregated information about your projects with fully customizable portfolio planning dashboards. Celoxis comes pre-built with common workflows to help bug/issue tracking and risk management. These workflows are very adaptable to suit your organizational processes without having to resort to emails and spreadsheets.

Celoxis Standout Features & Integrations

Features include a real-time project tracker, task management, resource availabilities and utilization, timesheets, project finances, risks, issues and to-dos.

Integrations include hundreds of popular business applications through first-class integration connectors and web-based API. This includes critical platforms like Jira, Salesforce, QuickBooks Online, Excel, Slack, Google Apps, and more.

Celoxis Plans & Pricing

SaaS costs $25/user/month, and on-premise costs $450/user one-time. Both require a minimum 5-user sign-up and come with a 30-day free trial.

30-day free trial

From $25/user/month

4

Smartsheet

Best for reporting features

Smartsheet is a spreadsheet-like project management platform. Although it isn’t a dedicated PPM tool, it does have a lot of great reporting features that make it apt for looking at project metrics on both an individual and a high level.

Why I picked Smartsheet: The platform offers some above-average reporting and visualization tools that are useful for portfolio management. For example, real-time metrics and customizable dashboards can be made to display specific project data for each project by modifying a drag-and-drop dashboard interface.

Indeed, reporting is the strongest feature of this tool in the context of managing a portfolio of projects, offering the ability to publish stakeholder-facing reporting dashboards and editable summary reports that you can easily export to Excel.

There are lots of project management and resource management tools, which I consider to be fairly standard among this type of software. You will certainly be able to collect all of the project data you need to analyze a portfolio (budget and spend, resource allocation, capacity, etc) and do the rest with a prebuilt integration to a business intelligence tool like Tableau (below).

Smartsheet Standout Features & Integrations

Features include dashboards, reports that consolidate multiple sheets, workflow automation, resource management, multiple views, forms to collect information, and digital asset management using Brandfolder.

Integrations include Microsoft and Google apps, as well as development essentials like Jira, and useful business apps like Salesforce, ServiceNow, Slack, Box, and Tableau. The platform is extensible through a REST API and webhooks.

Smartsheet Plans & Pricing

Smartsheet has three plans and starts at $9/user/month, with a minimum of 3 and a maximum of 25 users. They offer a 30-day free trial.

30-day free trial

From $9/user/month

5

Wrike

Best for live tracking of team workloads and capacity

Wrike is an award-winning, easy-to-use project portfolio management software that is highly configurable and includes AI capabilities that can assess at-risk projects and help to optimize your portfolio. Users can customize workflows, dashboards, reports, request forms, and more.

Why I picked Wrike: Its interface enables users to switch between Kanban boards, interactive drag-and-drop Gantt charts, and traditional workload views, providing a full overview of resources in real-time.

Wrike also features advanced portfolio insights including project and team performance reports, resource management and allocation, time tracking, and more. The reporting features provide an accurate overview of your portfolio to help minimize risk. You can also schedule real-time insights to be sent to your inbox for a picture of overall portfolio health.

Wrike Standout Features & Integrations

Features include pre-built templates, custom request forms, interactive Gantt charts, visual proofing, workflow automations, time tracking, project portfolio management, and dashboards.

Integrations include 400+ pre-built native integrations, including integrations with the most popular file management software from Microsoft, Google, and Dropbox, along with sales and marketing software from Salesforce and Marketo.

Wrike Plans & Pricing

Pricing starts at $9.80 per user per month. There are four different price points, including a free version and plans which offer the ability to invite free external collaborators to a paid account.

14-day free trial

From $9.80/user/month

6

Runn

Best for growing IT and software teams

Runn is a real-time resource planning and PPM software with integrated time tracking and powerful forecasting capabilities.

Why I picked Runn: The software is extremely intuitive and its Gantt view has drag-and-drop features and a colorful user interface. The free version of this software lets you build unlimited projects and offers a project portfolio view, which makes it perfect for small project teams.

Runn makes the data dynamic and visual. Charts and reports update as you plan your projects, and you can see insights like capacity, workload, availability, and billable and non-billable utilization. Finally, you can keep tabs on KPIs like utilization, project variance, and overall financial performance.

Runn Standout Features & Integrations

Features include resource scheduling, capacity management, project scheduling, timesheets, forecasting, and reporting. All features are available in the free plan.

Integrations include Harvest, WorkflowMax, and Clockify for importing project, client, and people data and syncing time entries. With Runn’s API, you can build your own integration to send data across your favorite tools.

Runn Plans & Pricing

The free version is available for up to 5 users. Paid plans start at $10/user/month.

14-day free trial

From $10/person managed/month

7

LiquidPlanner

Best for managing shared resources and projects across the portfolio

LiquidPlanner is a project portfolio management solution with built-in Planning Intelligence to assist your planning, scheduling, and managing uncertainty.

Why I picked Liquid Planner: Predictive scheduling dynamically adapts to change and manages uncertainty. The platform runs Monte Carlo simulations across your portfolio which analyzes the probability of your project outcomes based on variable factors. Therefore, you always know in real-time when work will be done.

With LiquidPlanner, you can also experience automatic resource leveling and priority-based planning across multiple projects and dependencies.

Tip: Setting a target start and finish to a project will assist predictive scheduling in calculating within a given timeframe. Add them from the edit project screen.

Liquid Planner Standout Features & Integrations

Features include predictive scheduling, alerts based on target finish dates, automatic resource leveling, workload views, structured priority management, ranged estimates to help you manage uncertainty, and reporting.

Integrations include Slack, and an open API that you can use to build as many custom integrations as you need.

Liquid Planner Plans & Pricing

There are three plans and pricing starts at $15/user/month with a 14-day free trial. You can also access a free plan that is limited to 3 people.

14-day free trial

From $15/user/month (billed annually)

8

Zoho Projects

Run multiple projects effectively with Zoho

Zoho Projects is an award-winning project management and collaboration tool from Zoho. It offers flexibility and customizations to suit the needs of traditional project managers as well as agile teams.

Why I picked Zoho Projects: The resource utilization charts enable you to easily view the workload of team members and you can create and balance the workload with just a click of a button. Fix hourly rates, create invoices and have an eye on your project budget. Forecast project budget, keep track of your timelines with baselines and critical path analysis.

The interface and modules are highly customizable. All aspects of the UI from theme colors to arrangement and visibility of the various modules can be changed to suit a user's preferences. Zoho projects also offer free onboarding for its customers and a comprehensive online help guide for all users.

Zoho Projects is one of the few PPM tools that allow the creation of dependencies between projects. The portfolio widget on the dashboard helps users to get an overview of all projects at a glance. Zoho Projects stands out in cases where there are multiple hand-offs involved. It is especially popular among IT companies, consultants and education organizations. With Blueprints, users can create and automate workflows, notifications, and escalations.

Zoho Projects Standout Features & Integrations

Features include task management, task automation, blueprints, time and issue tracking, reporting, and forums for detailed discussions with your team.

Integrations. Being part of Zoho's ecosystem allows Projects to connect to several of Zoho's own services such as Zoho Books, Zoho CRM, and Zoho's finance suite. The new Zoho marketplace allows 3rd party integrations as well.

Zoho has a freemium version upto 3 users for 2 projects. No credit card information required.

10-day free trial

From $5/user/month

9

ClickUp

Best for multiple portfolio customization and arrangement options.

ClickUp is a project management software that is fully featured and ready to handle your toughest projects. You can access the portfolio feature by clicking on the three dots from the left bar (bottom) and selecting ‘portfolios.’

Why I picked ClickUp: The portfolio view lets you monitor progress around your different projects as it happens, and you can use the prioritization column to highlight the projects that better align with your goals. When you first access the portfolio view, it’s empty. This is on purpose, as ClickUp wants you to select which projects have been shortlisted to be in this important view. Once you create your portfolio, you will be able to add or hide fields from the ‘+’ option on top of the table.

Rearrange them as you like by dragging them up or down, color coding them, or using other custom field options. If you decide to open one of the projects, it will do so in a separate tab.

ClickUp Standout Features & Integrations

Features include real-time reporting, whiteboards and shared documents for collaboration, task management with different views, goal tracking, and templates.

Integrations include native ones with Slack, G Suite, Dropbox, and many more tools, as well as over 1,000+ integrations through Zapier.

ClickUp Plans & Pricing

ClickUp’s free plan is robust and includes all primary features. The unlimited plan starts at $9/user/month and offers additional functionality.

Freemium plan available

From $9/user/month

10

Forecast

Best PPM tool for AI and automation capabilities

Forecast is a project portfolio management tool that allows users to manage projects, resources, and finances, and includes capabilities for managing entire portfolios and single project milestones or tasks.

Why I picked Forecast: Its auto-schedule feature assists with project planning by automatically estimating task durations, assigning resources, and setting deadlines. Other AI capabilities include timesheet suggestions based on historical data, cost and budget estimation, and more. Resource management and business intelligence capabilities allow users to see portfolio capacity. The tool also allows for fixed price, time and materials, or retainer projects to be run side-by-side.

This tool allows you to see a holistic picture of your project’s financial performance, including revenue, costs, and potential budget concerns. Finally, you can also create invoices from timesheets and track invoicing against budget.

Forecast Standout Features & Integrations

Features include resource management, project accounting, business intelligence, retainer budget-type projects, auto-schedule, and AI-based recommendations.

Integrations include mainstream project management tools, as well as with Jira, QuickBooks, Xero, and more.

Forecast Plans & Pricing

Forecast costs from $29/user/month with a 10-seat minimum in an annual plan. They offer a 14-day free trial.

14-day free trial

From $29/user/month

Need expert help selecting the right Project Portfolio Management Software?

We’ve joined up with the software comparison platform Crozdesk.com to assist you in finding the right software. Crozdesk’s Project Portfolio Management Software advisors can create a personalized shortlist of software solutions with unbiased recommendations to help you identify the solutions that best suit your business's needs. Through our partnership you get free access to their bespoke software selection advice, removing both time and hassle from the research process.

It only takes a minute to submit your requirements and they will give you a quick call at no cost or commitment. Based on your needs you’ll receive customized software shortlists listing the best-fitting solutions from their team of software advisors (via phone or email). They can even connect you with your selected vendor choices along with community negotiated discounts. To get started, please complete the form below:

The Best PPM Tools Summary Chart

Here’s a summary chart, so you can easily compare what we just covered.

Tool Free Option Price
1
monday.com

Best PPM tool for workflow customization capabilities

14-day free trial + freemium plan available

From $10/user/month Visit Website
2
Kantata

Best portfolio dashboards for professional services teams with 30+ members.

Free demo available

Pricing upon request Visit Website
3
Celoxis

Best PPM tool for resource management capabilities

30-day free trial

From $25/user/month Visit Website
4
Smartsheet

Best for reporting features

30-day free trial

From $9/user/month Visit Website
5
Wrike

Best for live tracking of team workloads and capacity

14-day free trial

From $9.80/user/month Visit Website
6
Runn

Best for growing IT and software teams

14-day free trial

From $10/person managed/month Visit Website
7
LiquidPlanner

Best for managing shared resources and projects across the portfolio

14-day free trial

From $15/user/month (billed annually) Visit Website
8
Zoho Projects

Run multiple projects effectively with Zoho

10-day free trial

From $5/user/month Visit Website
9
ClickUp

Best for multiple portfolio customization and arrangement options.

Freemium plan available

From $9/user/month Visit Website
10
Forecast

Best PPM tool for AI and automation capabilities

14-day free trial

From $29/user/month Visit Website

Other Portfolio Management Tools

We’ve prepared a list of additional PPM tools that you might consider:

  1. Accelo

    Best PPM tool for automations

  2. ProjectManager.com

    Best for built in and custom report templates

  3. Hive

    Best PPM tools for collaboration

  4. Adobe Workfront

    Best PPM tool for service teams

  5. Portfoleon

    Best PPM tool for growing organizations

  6. KeyedIn

    Best PPM tool for user experience and user interface

  7. Sciforma

    Best for product development and IT

  8. Proggio

    Patent based Enterprise PPM solution for professionals

  9. dragonboat

    Best to connect OKRs with product initiatives

  10. Oracle Primavera

    Best PPM tool for enterprise

Project Portfolio Management Tools FAQs

Find answers to common questions on this topic.

Portfolio Management Tools Buyer's Guide

How to choose the best project portfolio management software for your projects.

What's Next?

If you are new to project portfolio management and want to learn from scratch, check out our beginner's guide to PPM. It covers critical steps you must take into account and the benefits of having a portfolio.

If, on the other hand, you are an experienced PM and are looking for more in-depth information about enterprise-level portfolio management, check out what is enterprise PPM and a 5 step plan to implement EPPM .

By Ben Aston

I’m Ben Aston, a digital project manager and founder of thedpm.com. I've been in the industry for more than 15 years working in the UK at London’s top digital agencies including Dare, Wunderman, Lowe and DDB. I’ve delivered everything from film to CMS', games to advertising and eCRM to eCommerce sites. I’ve been fortunate enough to work across a wide range of great clients; automotive brands including Land Rover, Volkswagen and Honda; Utility brands including BT, British Gas and Exxon, FMCG brands such as Unilever, and consumer electronics brands including Sony.

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