Monday, October 27, 2014

Project and Portfolio Management Software – The New Partner for All Project Managers

Statics show that the Project and Portfolio Management Software revenue is growing at an increasing rate annually and in 2012 it grew 11% to $1.65 Billion. This is a good indication of the growing popularity of this solution across industries in the world. This runaway growth started in 2009 and if you are still pondering on whether or not you need to get this software then you are missing out on a lot.

What Has Changed?
Gone are the days when all a project manager needed was a piece of paper, a pen and a methodology. The tools at the disposal of a project manager have grown immensely in recent times owing to technological developments. The software industry has been able to create software options which are capable of assisting project and portfolio managers in a number of invaluable ways. It is important for a project manager to be able to leverage the proper tools in the management of the resources for the project.

What Are Your Options?
There are software solutions meant for small projects while others are meant for huge projects and can work with multiple projects that are utilizing shared resources. The solutions make it easy to communicate with clients, employees, and share files with both on the status of the project and other information. You can also track the status of assignments and projects easily in real time.
Efficiency is greatly improved by the ability of the software to avail important data to the project manager as and when required. It still remains to the manager to run the project in the best possible way as the software only enables the availability of actionable data. One thing that you can always count on is a tried and tested ally designed to help you achieve your objectives and stick to your timelines.

How to Find the Best
What you need to do is do some research on the various options available on the market. You can get some references from other project managers or project management forums. Search online for options and make a list. Search for reviews associated with these options and eliminate the less desirable ones. This is a very easy process which won’t take up much of your time and is only done once. After that you will just go to the website and convert in an instant.