Welcome to Bitrix24 – a leading free project portfolio management platform (PPM) used by over 6 million companies, teams and organizations worldwide. What is project portfolio management? In essence, PPM software is a single platform where you manage ALL of your projects in one place. While this project portfolio management definition sounds simplistic, it captures the most important thing about PPM approach.
What are the benefits of project portfolio management? Why is it important to manage ALL projects from one central location? Why is Bitrix24 and Bitrix24-like platforms are referred to as Project Portfolio Management 2.0?
The need for portfolio project management arises from the fact that even though your organization might run multiple projects of various kind, all of them share some restrictions or limiting factors – people, resources, time, money, etc. Suppose, you have three independent departments running different projects at the same time. One day all three departments decide to initiate a project that requires deep involvement of your IT administrator. The problem is that there’s only one IT admin, and he or she has very little spare time.
This is the type of problems that the best project portfolio management software is capable of resolving or preventing. (BTW – Bitrix24 is the only free project portfolio management platform out there. PPM solutions tend to be quite pricey and run into thousands of dollars per year). When you log in to your Bitrix24 account, you see ALL of your projects and workload for ALL employees, provided you have appropriate permissions.
While the benefits of managing all projects from a single location are quite obvious when it comes to resource management and project progress reporting, PPM 2.0 takes it one step further. The main premise of next generation of best project portfolio management software (PPM 2.0) is that there are important advantages of managing PROJECTS and CLIENTS in a single platform. This is why Bitrix24 is a project management and a customer relationship management (CRM) platform at the same time.
When you manage clients and projects from the same place, you are able to store financial records, calculate billable hours and send invoices to clients from inside your projects. So, if you are interested in new generation of project portfolio management templates and processes, get your free Bitrix24 account today.
* Please note that the information may have changed since the publication. For current prices and features please visit Bitrix24 pricing page.