Project portfolio management software is used to support processes related to evaluating and selecting new projects, as well as managing an existing portfolio of projects. These applications help to make smart financial investments when choosing new projects and to make the necessary adjustments to project portfolios to ensure the optimal return on investment. PPM software collects and organizes all of the data related to individual projects, consolidating it and turning it into reports based on various metrics, such as business goals, costs, resources and risks.
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Project Portfolio Management (PPM) software enables businesses to plan and manage schedules, budgets, resources, and requests across multiple projects. It can forecast future staffing and project needs, manage risk, and determine project ROI.
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