PPM Tool Selection: Look Beyond Core Functions

For organizations that invest in project portfolio management tools (PPM), comparing core functionality won't provide a clear picture of the best solution to fit their needs. Governance, compliance, and business objectives are becoming much stronger drivers in tools selection than the need to plan and schedule activities and resources. The tools have matured to the point that core features don't really vary from solution to solution. Instead, an organization must consider three things: the maturity of its current practices; what types of investments, projects, and work will be tracked; and which specific industry requirements must be considered. Solutions are moving from generic portfolio and project management to increasingly specialized solutions that can offer support that is tailored to specific industry and project requirements.