HP Project & Portfolio Review - why 4 stars?

Shlomi Lavi / updated: Aug 06, 2019

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What is HP Project & Portfolio?

HP Project & Portfolio Management is a project, risk and resource management solution for your business. The software was designed and launched by Hewlett-Packard Development Company, L.P., headquartered in California, United State. It offers a comprehensive suite of applications to supervise project from start to the end.

Who is it best for?

The software comes equipped with extensive functionality and cutting edge tools and applications. It is powerful enough to fulfill the needs of any business size and type. If you are a project manager who wants to analyze and manage proposed projects based on various important factors, this software will allow you to undertake in-depth analysis.

The software is particularly useful if you want to simultaneously manage and track the progress of several projects. The customers of the software belong to a diverse range of industries including finance, advertising, education, health etc.

Some major clients of HP PPM include General Motors, Commonwealth Bank, Bank of America, UK Ministry of Defense, Royal Dutch Shell, and NASA etc.

Main features and functionalities

The main features of the software aim at efficient project management. These features include project priorities, milestones, baseline, project templates, risk and benefit analyzer, cycle time analytics, product backlog management, and scheduling.

For collaboration purposes, the software offers the features of task discussions and web conferencing. This allows you to maintain reliable communication with your employees and team members. The software also offers various useful resource management features including allocation of resources by skill sets and forecasting of resource needs.

Reporting features of the software include dashboard and project reports. For the purpose of report creation, the software allows you considerable customization options.

What is the actual cost?

ITQlick pricing score is 4.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for HP Project & Portfolio.

Pros

• The software provides a dedicated framework for issue resolution and risk mitigation.
• Pipeline management allows you to execute a project with finite development resources.
• Other than resource-allocation on project level, the software also allows you to model various “what-if” scenarios.
• A central repository is available for change requests including new operational constraints, regulatory demands etc.
• Various risk response plans are available for pre-emptive risk response management.

Cons

• Unlike several other similar solutions, there are no modules for budget & expenses and task management.
• Core project management features of the software do not include interactive Gantt charts, scheduling and project templates.
• Collaboration features of the software do not offer the services of instant messaging, RSS feed, and timelines.
• There are no features for time and cost tracking in the resource management module of the software.
• Reporting features of the software do not include financial reports and time reports.

How it stacks up?

Access a head to head analysis of HP Project & Portfolio vs alternative software solutions.

Frequently Asked Questions (FAQs)