Understanding the Difference between Project Management and Project Portfolio Management

Managing projects is at the heart of all business endeavors. Finding suitable project management software is difficult if you aren’t aware of the correct terminology. With numerous interdependencies and parallel operations, dealing with program management vs. project management vs. portfolio management can be baffling. This article discusses the differences between project management software and project portfolio management software. Project management software is focused on managing individual projects and can help communicate information about a specific project. On the other hand, portfolio management software is focused on the entire portfolio of projects to give senior leaders holistic visibility of those projects.