What Is Project Portfolio Management?

Project Portfolio Management or PPM is the process of managing a group or “portfolio” of projects in your business. The main purpose of PPM is to ensure projects align with your firm’s strategic objectives, as well as its resource availability and risk tolerance. Rather than focusing on the project management deliverables of individual projects, PPM focuses on the collective performance of all projects across your business.

Why is time tracking important in project portfolio management?

Time tracking software plays an important role in managing a project portfolio effectively. It can help you get real-time insights into your team’s progress, helping verify that your business manages its resources accurately. High-quality apps can even help simplify your management work in various areas of your firm, like payroll tracking and leave management. This will free up more of your time for PPM, allowing you to speed up the growth of your company.

How to choose a time tracker for project portfolio management?

When selecting a time tracker for PPM, look for tools that integrate seamlessly with your project management software. This will allow you to sync projects and tasks to track their progress without additional effort. Alternatively, look for a tracker with built-in project management functionality. This way, you’ll be able to manage your company’s projects and track time in the same place, increasing the efficiency of your team’s workflows.