![]() Project management software involves functionality aimed at day-to-day project planning, tracking, and monitoring. Let’s examine the difference between these systems and sort out which software is best for your business. But can one platform really do the same job as three different systems, all while saving you software licensing costs? To add to the confusion, some vendors sell each of these systems as separate applications, while others offer an all-in-one product. If you already use project management software-or even a good project-driven ERP system-then it’s natural to question whether or not you actually need project portfolio management software. ![]() Market overview Project portfolio management software comparison Market research from Reportlinker suggests the PPM market size will grow from $4 billion in 2019 to $5.6 billion in 2024-a compound annual growth rate of 6.9 percent. In short, a quality PPM tool provides project managers and executives in large, project-driven organizations with a way to manage investments across a portfolio of assets to ensure maximum return on capital.
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December 2022
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