Enterprise project management software helps businesses accurately measure and control scope creep (costs, time and resources) and consistently deliver projects that are in alignment with business goals to ensure project success. These tools come as a full suite solution, or as separate tools for niche buyers, with functionalities such as project portfolio management, resource management, risk management, demand management and project analytics.
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Available as both an on-premise or a hosted solution, Unanet Professional Services Automation and Project Portfolio Management is a comprehensive solution that allows companies to better plan and track people and projects....Read more
Planview Clarizen is an award-winning enterprise work management solution for project portfolio management (PPM) and professional services delivery teams.
The solution enables PMOs, EPMOs, PSOs, and ESOs to gain real-time visibil...Read more
With over 100,000 users around the world, TimeFox is the leading timesheet and project management solution for small creative organizations. Increased billable hours by over 20% and reduced administration time....Read more
Focused on the needs of mid-sized A/E firms, Clearview InFocus is an affordable, complete project management, billing and accounting solution. With Clearview InFocus, all necessary features a centralized into a single system....Read more
B2W Track software for heavy civil construction field tracking and analysis enables contractors to manage projects and costs based on accurate, immediate information from the field on productivity, labor, materials, and equipment ...Read more
Procore manages your projects, resources, and financials from project planning to closeout. The platform connects every project contributor with the owner and general or specialty contractor. The centralized dashboard allows manag...Read more
Project DocControl was designed for the specialty contractor and has been around since 1994. The system currently supports 300 specialty contractors in a variety of trades ranging from electrical and teledata to paving. ...Read more
InEight provides field-tested project management software for the owners, contractors, engineers and architects who are building the world around us. Over 400,000 users and more than 850 customers worldwide rely on InEight for rea...Read more
Replicon's advanced timesheet functionality lets businesses track valuable information including check-ins/outs, task progress, and billable/non-billable hours. The invoice module allows users to build custom invoices, examine pay...Read more
JobTrac is a construction project management system designed specifically for electrical, low-voltage and data cabling contractors. JobTrac is developed by ConEst, an award-winning software company with 50+ years of experience....Read more
IFS Applications is an extensive software system that serves the needs of large and medium-sized manufacturers with order-driven and mixed-mode management tools and full integration capabilities....Read more
PMWeb puts nearly two-thirds of their resources into their product every year to improve the product offering. PMWeb was recently recognized as a leading Business Intelligence solution by Gartner....Read more
Prolog by Trimble is a hybrid construction project management solution that provides construction firms of all sizes functionalities for office and field management, collaboration, cost control and purchasing. The solution can be ...Read more
Clinical research data, loan applications, blueprints, and videos: It’s all content. And it’s your organization’s most valuable asset, no matter your industry. Box gives you a a single, secure platform for managing the entire cont...Read more
Offering many on a stand-alone basis, Sciforma 6.0 is an advanced suite of professional services applications. It is available as an on-premise, hosted or SaaS solution, so that users can choose the best for their business....Read more
Great for smaller companies, consulting, and architectural firms, Vorex delivers robust features to help manage and track projects, billing, and invoicing. Since it's a cloud-based system, users can access it around the clock. ...Read more
Pantera Project Insight is a web-based project management solution designed exclusively for the Construction industry. Their powerful tools are accessible on tablets and mobile devices so they can be used in the field....Read more
Hydra PPM is a resource-focused, enterprise-level Project Portfolio Management (PPM) tool that helps organizations deliver more projects on time with their existing resources, Hydra is user-friendly and quick to install. ...Read more
The Project Management Institute's (PMI's) Pulse of the Profession 2018 survey reveals that businesses waste a significant amount of money—"$99 million for every $1 billion invested"—on poor project performance.
The report also finds that the key reason for poor project performance is that businesses are not able to close the gap between project strategy and execution.
This is where enterprise project management (EPM) software comes into the picture.
Using these solutions, business can identify projects risks, monitor progress and analyze employee performance metrics, which help in improving project quality and processes.
However, there are many enterprise solutions out there and making the right choice means selecting the one that fits your current and future project management needs. There are many factors that should influence your software purchase decision: from the project management practices (waterfall or agile) your business follows to the niche requirements of your project management teams.
You should also research whether software vendors you're considering are adopting the new technologies that are redefining project management, such as project management bots and predictive analytics, to ensure you're investing in a solution that will remain relevant in the face of technology disruptions.
In this Buyer's Guide, we'll look at these and other considerations that buyers of enterprise project management software should have top of mind. Additionally, we'll look at the key features, benefits and uses cases of EPM solutions.
Enterprise project management software helps businesses accurately measure and control scope creep (costs, time and resources) and consistently deliver projects that are in alignment with business goals to ensure project success.
These tools come as a full suite solution, or as separate tools for niche buyers, with functionalities such as project portfolio management, resource management, risk management, demand management and project analytics.
Enterprise project management solutions offer a wide variety of functionalities that can meet different business needs. For instance, if your business needs a solution for managing IT projects, then demand management is a key feature that will help you accommodate ongoing changes in projects owing to new feature requests from stakeholders, adopting technological changes, managing competition and more.
Similarly, businesses can use the features of enterprise project management tools to gain insights into top performing projects in a portfolio, improve team collaboration, manage employee work and more.
Project planning and management
Plan projects with timelines and task schedules using built-in templates. Access reports such as burndown charts to track project progress and upcoming milestones.
Project portfolio and program management
Manage projects from initial concept to final delivery. Create risk-return profiles to compare initiatives so that all the projects within a portfolio align with strategic goals and deliver business value.
Monitor key performance indicators and export data for a snapshot of current standing. Analyze data and compare with previous reports to better understand organizational performance.
Allow teams to collaborate and communicate effectively via centralized online workspaces where they can view each other's activity streams and project calendars and discuss projects via chat or by commenting on tasks.
Resource capacity planning and management
Assess employee skill levels and allocate resources across multiple projects based on skill sets and availability. Practice resource capacity planning and ensure that high priority projects are staffed first.
Security and user management
Check for flexible security options, which includes data encryption, as well as user management functionalities for controlling user permissions and setting up single sign on (SSO).
Evaluate and manage incoming demands such as new product features, technical changes, operational constraints etc. in existing, planned and unplanned projects, within a portfolio.
Identify known risks, assign to staff for evaluation and monitoring and create risk management plans. Establish issue/change management protocols to deal with change requests and new issues that arise during project execution.
What Type of Buyer Are You?
Buyers evaluating enterprise project management solutions may fall into one of three categories: large business buyers, best-of-breed buyers and small business buyers.
Here's a quick look at the top concerns of each buyer type when selecting EPM solutions.
Large business buyers. These are the ideal buyers of enterprise project management solutions, as they can make use of the full gamut of features offered. In addition to extensive features, these buyers also require built-in third-party and API integrations that allow them to transfer data seamlessly between their existing solutions, which typically consist of enterprise resource planning (ERP) tools and customer relationship management (CRM) software.
Small business buyers. Small businesses do not typically want an enterprise project management solution owing to the high cost of adoption. However, since many enterprise tools offer cloud-based pricing models, growing businesses (with fewer than 1,000 employees) can quickly evaluate the uses and benefits of such a solution without spending a fortune on it. The fact remains, though, that SMBs would be better served by simple web-based project management tools or specialized PM solutions designed for their needs such as Kanban tools or task management software.
Benefits and Potential Issues
In a GetApp survey, two out of three (67 percent) of small business respondents say they use Microsoft Project (MSP) for their project management software.
Typically considered a tool fit for large organizations, the solution's popularity with SMBs is largely due to its seamless integration with Microsoft Office Suite.
Since many small businesses and their clients have a default reliance on MS tools, an integrated project management solution that can talk with common tools such as Word, Excel, Outlook and Skype makes project communication and collaboration easy.
Like MSP, most enterprise project management solutions are integrated tools that offer many benefits to small businesses, such as:
Saving you the hassle of switching software tools, as these solutions are designed to scale with your business's growing needs.
Eliminating the need for you to purchase multiple tools, as these are one-stop solutions with features that support varied use cases.
Supporting API and third-party integrations that allow you to customize the solution's functionalities.
The primary downside of enterprise project management software is that these are expensive solutions. Not all SMBs would get the best value for their money by purchasing EPM software, instead they should check out more affordable project management solutions that can get the job done as efficiently.
Besides understanding the features and benefits of enterprise project management solutions, there are many things to consider before making a purchase decision. Here, we highlight some key considerations that you should keep in mind.
Your organizational project management practices. The choice of your enterprise project management solution depends on your project management framework. For instance, if your enterprise is currently undergoing an agile transformation, then the tool you select should offer enterprise agile project management capabilities. Similarly, businesses that have attained a high-level of PPM maturity and have established a project management office (PMO) need full suite enterprise project management solutions, while other large organization with low PPM maturity might not.
Software deployment concerns. One of the key things to decide is whether you need an on-premise solution or cloud-based tool. While historically, enterprise-grade solutions have been built as on-premise solutions, the improvements in software security has led to many large businesses preferring cloud-based solutions. This is primarily because cloud-based solutions take less time to set up and are easy to maintain with software upgrades that are seamless and fast.