In terms of software, project management software is really focused on managing individual projects and can help communicate information about a specific project. Project management software is commonly used by Project Managers and the project team members. Portfolio management software though is focused on the entire portfolio of projects to give senior leaders holistic visibility of those projects. Portfolio management software helps senior leaders to make better strategic decisions.

Now that we have established the difference between project and portfolio management, let’s start looking at the differences between project management software and portfolio management software. Keep in mind that there are in fact some overlaps between project and portfolio management software.