ERP Software

Enterprise Project Management Software

Enterprise Project Management Software solutions are sometimes coupled with portfolio management solutions.  Combining these two solutions creates a common software solution called Enterprise Project and Portfolio Management (or PPM).  Enterprise Project Management Software enables businesses to manage each and every project.  Enterprise Project Management Software also provides vital information on past, present and future projects such as; the status of the project, the cost of the project, the goal of the project, how successful the project was, whether the project is on-time or not, assets associated with the project, and so on.  Projects may be developed or set up using Enterprise Project Management Software to follow company rules, regulations, methodologies, and / or best practices.

Enterprise Project Management Software couples nicely with Project Portfolio Management software because the two solutions work together.  For example, you can use Project Portfolio Management software is select specific projects for a portfolio, which is similar to a portfolio of stocks, for example.  The projects that don’t make it into your portfolio can be discarded if they prove to be unimportant to the company, obsolete, too costly, and so on.  Being able to manage projects efficiently enables companies to save money.  Having software that helps you “crunch the numbers” (so to speak) to decide which projects will be profitable saves money too.  Enterprise Project and Portfolio Management Software solutions can help any business streamline their project activities.

Project and Portfolio Management Software solutions come in many forms.  Not only may you purchase a PPM solution based on the size of your company and the industry you are in, but you may select whether to implement an on-site PPM solution or a SaaS (software as a service) PPM solution.  There are also open source PPM solutions available on the market.  An on-site proprietary PPM solution best serves big companies with big and often unique needs.  On-site proprietary Project and Portfolio Management Software solutions can be customized, although they cost more when compared to a SaaS PPM or open source PPM solution.  Open Source PPM solutions can be customized and there are no upfront licensing fees as the software is free to download.  However, don’t forget the maintenance related costs that you will also have with an on-site proprietary PPM solution.  SaaS Project and Portfolio Management solutions are quite headache free as the software is hosted by the vendor.  Keep in mind that you can’t customize a SaaS PPM solution.

Written by :

kristine H