Project and Portfolio Management (PPM) software is designed to oversee project portfolios and the individual projects within them. It helps organizations allocate resources, manage activities, and maintain the interdependencies between different project portfolios. Companies use PPM solutions to optimize their project portfolios, maximizing revenue and return on investment. Typically implemented by project management teams and professional services, PPM software is primarily used by project controllers and project managers. However, it can also be utilized by other internal or external stakeholders involved in delivering projects within the company's portfolio. PPM software is often delivered as a standalone solution but may not always include comprehensive project management features. Some vendors offer separate tools for portfolio management and project management, which can be integrated as a complete suite. PPM solutions generally integrate with accounting software and ERP systems, enabling companies to track costs at the portfolio level.
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