The 10 Best Product Portfolio Management Tools For 2023

Craft.io is an end-to-end product management roadmap tool with best practices built in. It provides product professionals an all-in-one solution to effectively manage the entire lifecycle of their digital products, from feedback collection and feature definition to prioritization, capacity planning, road mapping, and portfolio management. 

The tool's portfolio management module provides product executives with a high-level view of all the organizational product data in one place - every initiative, every line of business, and every product group. It allows them to visualize, track, edit, and manage items–including dependencies–across teams and initiatives. Product executives gain visibility and insight into how work is completed to meet business objectives across different teams and roll up selected workspaces with respective products and epics for a bird’s eye view of different work streams.

This big-picture awareness facilitates informed decisions with a holistic view of all products and business objectives together in one space and allows executives to share the company’s strategic plans and progress at the portfolio level and evaluate efforts. And by aggregating product data across your portfolio, you can get macro and micro views of how everything is performing.

Craft.io integrates with Jira, Azure DevOps, GitLab, GitHub, Targetprocess, Teams, Slack, Dropbox, Okta, Google Workspace, Active Directory, SAML, Google Drive, Confluence, Salesforce, PingIdentity, and 1,000s of additional applications via Zapier.

ProductPlan was established in 2013 and has since been used to build hundreds and thousands of roadmaps and to plan more than 8 million initiatives. Global customers range from growing teams to Fortune 100 companies.

ProductPlan lets you collaborate with your team on live roadmaps using their simple drag and drop editor. Customize the way you view your timelines, lists, tables, and your portfolio layouts as well. ProductPlan makes it easy for your stakeholders to view your data without having to pay for using the tool and lets you send them links to editable roadmaps.

ProductPlan integrates with tools such as Confluence, Jira Software, Pivotal Tracker, Slack, Trello, Zapier, Microsoft Teams, GitHub, and Azure DevOps. Connect with more tools through the ProductPlan API.

ProductPlan costs from $49/user/month and offers a free 14-day trial.

Productboard is a product management platform for companies that specialize in product, design, marketing, and engineering. It launched in 2014 and has since been topping prestigious lists and is backed by top VC (venture capital) firms.

Productboard helps users with roadmaps, prioritization, insights, and engagement. Through the platform, you can have the benefits of centralized feedback where you can easily share data and roadmaps so you can keep the whole organization aligned.

Productboard integrates with Slack, Microsoft Teams, Salesforce, Zendesk, Intercom, Zapier, Chrome Extension, InSided, Gong, FullStory, Gainsight, Grain, and many more tools. Check their website out for the full list of integrations.

Productboard costs from $20/user/month and offers a free trial. Customized pricing for bigger organizations with more specific needs are also available upon request.

Propel is a product lifecycle management (PLM) software that promises its users faster time to market. Propel has found success in the medical, tech, consumer goods, and industrial products industries and also offers solutions for companies that focus on engineering, operations and supply chain, quality management, sales and marketing, as well as information technology.

Propel was built on the Salesforce platform making it one of the best solutions for managing products. Its features allow users to not only manage project tasks but also communicate with everyone involved in the supply chain as well as the customers.

Propel is not limited for use by engineers but is also made for use by all employees and customers. Propel integrates with the following ERP systems: Netsuite, MS Dynamics, SAP, Oracle EBS, Sage, Rootstock Software, QAD, Infor, and Epicor Kinetic ERP.

Propel offers pricing details upon request.

Wrike is primarily a project management software solution that provides task management, collaboration, and project planning features, but it also provides PPM solutions. Wrike’s PPM tools include templates, project matrices that track risks, dashboards to monitor progress and goals, customizable reporting, and team collaboration tools. These features help teams stay in control of their portfolios, especially since users can visualize initiatives, streamline collaboration, monitor progress, and use portfolio dashboards to improve planning.

Wrike can help track and prioritize investments to avoid miscommunications from the start, accelerate project rollout through templates and automation, improve planning accuracy through calendars, improve real-time collaboration, optimize resources through accurate budgeting and cost assessments, use AI to automate risk reports, get real-time performance data, and share dashboards and reports with stakeholders outside the company.

The project portfolio management feature is available in Business, Enterprise, and Pinnacle. This feature being available in these packages means users can maximize the platform since they can use it alongside other useful features that are inaccessible in the freemium software and the Team plan. For example, being able to customize product project templates, a feature only available from the Business plan onwards.

Integrations include 400+ pre-built native integrations, including integrations with the most popular file management software from Microsoft, Google, and Dropbox, along with sales and marketing software from Salesforce and Marketo.

Wrike costs from $9.80/user/month and offers a 14-day free trial.

Planview is a platform for product portfolio management that gives leadership data-driven insights on where to invest in new products and innovations. Designed to drive collaboration, the platform provides teams with a simple solution for capturing and sharing crucial data at every stage of product development, from ideation to in-market analysis. 

The platform has an open forum for collecting ideas both internally and externally that allows stakeholders to score and prioritize the most promising concepts quickly. Customizable dashboards are a central hub for data collection, resource capacity and scenario planning, and strategic road mapping.

Support for various product development methods allows cross-functional teams to work in their preferred environments while communicating complex issues with the push of a button. Integration with gated project management software keeps everyone aligned on priorities, allowing organizations to accelerate new product development processes and speed the best products to market with greater efficiency.

Aha! is a roadmap software that’s trusted by more than 5,000 companies worldwide to cater to their needs in product management, IT, project management, services, business operations, and marketing. Aha! also provides solutions in the areas of production innovation, customer empathy, and employee engagement.

What makes Aha! suitable for product portfolio management are its features that let you create custom workflows, allocate resources and budgets, track dependencies with Gantt charts, and visualize progress. Built-in templates make it easy for anyone to get started and keep going without the hassle of figuring the software out first.

Aha! integrates with 30 tools such as Jira, Slack, Azure, DevOps, Salesforce, Google Analytics, and Zendesk.

Aha! costs from $59/user/month and offers a free 30-day trial. Aha! is also available for free for startups that are less than 18 months old and have less than 10 employees.

ProdPad is a product management software made by product people, for product people. It launched in 2012 and is fully customer-funded. It was built specifically for large organizations with thousands of team members. ProdPad is a robust tool made for complex processes and extra-large organizations.

ProdPad specializes in helping you build products that matter to your customers. With ProdPad’s features, you won’t be spending time scraping projects and redoing a ton of work. Get feedback from your customers, create and adjust roadmaps, and launch your products effectively all through ProdPad.

ProdPad integrates with Azure DevOps, GitHub, Jira, Pivotal Tracker, Rally, TFS, Trello, Chrome Extension, Confluence, Doorbell.io, Slack, Uservoice, Email Dropbox, Slack, Active Directory Federated Service, Google Apps, and SAML Single Sign-On. More integrations with ProdPad are available through API and Custom WebHooks, as well as Zapier.

ProdPad costs from $149 for up to 3 users and offers a free trial.

Planview is a work and portfolio management tool that has been in the industry for over 30 years with over 2.4 million users and multiple awards. Planview is also known as an authority in publishing studies about the world of work.

Planview is best for teams that work in lean or agile environments. Planview gives you project planning visibility, productivity and efficiency tracking, bug tracking, as well as the ability to manage backlogs. You can also analyze your team capacity and identify constraints across portfolios and hybrid workflows allowing you to more accurately evaluate and re-align your team, resources, and budget.

Planview integrates with Microsoft Teams, Dropbox, Google Drive, MS OneDrive, DocuSign, Box, Microsoft SharePoint, Zoom, Outlook, Slack, Microsoft Power Automate, Microsoft Power BI, and Google Workspace. More integrations are available using a paid Zapier plan.

Planview offers pricing details upon request and offers a free, fully-functional 30-day trial.

Planisware has a track record of 26 years and has been recognized as a market leader in project portfolio management for its scalability and flexibility. Planisware is such an advanced tool that it’s capable of providing solutions to companies in very specific industries such as aerospace and defense, automotive, bank and insurance, chemical, energy, fast-moving goods. high tech, and life sciences.

Planisware has since evolved and grown with the companies that patronize them, proving their expertise in project portfolio management. Planisware is a tool for agile teams that need help with scaling their operations, improving business outcomes, and reducing time to market among other things.

Planisware integrates with SAP Applications, Content/Document Management Systems (CMS), DevOps and Agile tools, Oracle, Primavera, Microsoft 360, Google Suite, and other integration and API points as well.

Planisware offers pricing details upon request.