15 Product Portfolio Management Tools for Business Excellence

Managing a wide range of products without the right tool is like trying to juggle multiple balls—you’re bound to drop one.

But here’s the good news: with the right product portfolio management tool, everything—from product performance to strategic initiatives—runs smoothly so you never have to worry about going off track.

After working with multiple portfolios, I know how frustrating it can be to find the ideal management tool. That’s why I’ve teamed up with the experts at ClickUp to do the hard work for you. 

We’ve tested and reviewed dozens of options based on usability, flexibility, and effectiveness to bring you the top 15 tools that’ll keep your products safe.

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What Should You Look for in Product Portfolio Management Tools?

The ideal management tool depends on your unique business model and priorities. However, there are a few key features that all top contenders should have.

• Robust visualizations: Every tool must bring data to one unified dashboard and present a holistic view of your portfolio. It must also deliver live data on product status and performance

• Clear roadmapping: Product portfolio management tools must map your strategies and timelines. They must have road mapping capability that helps manage product backlogs, new launches, feature rollouts, and marketing campaigns

• Collaborative features: The chosen tool must have built-in communication and task management. These collaborative features foster teamwork and streamline decision-making. It also breaks down silos and improves alignment across the organization

• Resource management: An effective portfolio management tool must map a product range with resources and capacities. This also includes identifying potential bottlenecks and optimizing resource utilization. Remember, comprehensive resource management features ensure projects stay on track and avoid overallocation

• Portfolio Analytics: A portfolio management tool should have reporting features powered by market analytics. This also includes the ability to customize key performance indicators (KPIs). With portfolio analytics, businesses can make data-driven decisions and uncover growth opportunities

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The 15 Best Product Portfolio Management Tools

With what to look out for in mind, here are 15 top product portfolio management tools for you to get started with:

1. ClickUp (Best for project tracking, collaboration, and resource management)

ClickUp for Product Managers is an all-in-one project management tool that helps teams collaborate and manage projects more efficiently. It integrates features such as task management, documentation, and dashboards into a single platform. This helps teams with a clear overview of their products and portfolios. 

While ClickUp does offer automation, reporting, and customization, it also delivers more dedicated product portfolio management tools to transform productivity and save time.

ClickUp Product Management Software is one of the platform’s most comprehensive solutions for improving products and portfolios. With centralized visibility and live collaboration features such as ClickUp Chat, this solution is your business’s powerhouse.

ClickUp features road mapping capabilities and analytical dashboards to provide real-time insights into product performance. It also integrates its dedicated AI tool, ClickUp Brain, into the product portfolio management tool. This AI tool instantly automates workflows and generates data insights. 

ClickUp offers numerous specialized solutions and frameworks, in addition to this dedicated software.

ClickUp Portfolio is another tailored solution that focuses on managing portfolio performance. This solution helps keep goals aligned with portfolios linked to the company’s initiatives. 

It also allows you to structure your product information, create and visualize marketing campaigns, and organize sprints for product launches.

When businesses need solutions in shorter time frames, ClickUp offers multiple ready-to-use product portfolio management templates. 

ClickUp Project Management Portfolio Template

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The ClickUp Project Management Portfolio Template is a go-to solution for centralized product portfolio management. It has several Custom Fields and task management features that:

• Empowers teams to plan, prioritize, and execute product initiatives efficiently
• Enhances collaboration and ensures successful product delivery
• Boosts milestone management, resource allocation tracking, and progress monitoring

ClickUp Portfolio Management Template

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ClickUp Portfolio Management Template is the answer for businesses looking for a strategic product portfolio overview. It has features like portfolio dashboards, dependency tracking, and risk assessment that allow you to:

• Track and manage multiple projects simultaneously
• Visualize progress and allocate resources effectively
• Make data-driven decisions and ensure alignment with overarching business goals

ClickUp best features

• Centralize your product portfolio management with customizable ClickUp Dashboards for a bird’s-eye view of progress and performance
• Manage Tasks, deadlines, and dependencies efficiently across multiple product initiatives using ClickUp Tasks
• Create and collaborate on detailed product documentation, including roadmaps and requirements, within ClickUp Docs
• Prioritize features, initiatives, and tasks effectively with ClickUp Task Priorities to ensure strategic alignment
• Leverage AI-powered capabilities with ClickUp Brain to streamline workflows and enhance productivity
• Gain valuable insights into resource allocation and capacity planning with the ClickUp Workload View
• Visualize workflows and track progress with ClickUp Board View, offering Kanban boards and Gantt charts tailored for agile teams

ClickUp limitations

• Some users may experience a learning curve, however this is bridged easily with our detailed learning guides

ClickUp pricing

• Free Forever
• Unlimited: $7/month per user
• Business: $12/month per user
• Enterprise: Contact for pricing
• ClickUp Brain: Add to any paid plan for $7 per Workspace member per month

ClickUp ratings and reviews

• G2: 4.7/5 (9,000+ reviews)
• Capterra: 4.6/5 (4,000+ reviews)

2. Monday.com (Best for visual workflow management)

Monday.com is a popular product management tool that focuses on visualizations. The platform solution has multiple tools for collaboration, project tracking, and workflow customization. Thanks to Monday.com’s user-friendly interface, teams can easily manage tasks. It also drives efficiency through numerous automations and integrations.

Monday.com best features

• Easily access and use on the go with an effective desktop and mobile app
• Utilize a modern, intuitive, and visual dashboard that’s engaging and easy to work with
• Enjoy extensive integrations and excellent customer support

Monday.com limitations

• Comes with a long learning curve and a short trial plan, making buying decisions difficult
• Many comprehensive features are available only in the more expensive options

Monday.com pricing

• Free: 14-day trial
• Basic: $9/month per seat
• Standard: $12/month per seat
• Pro: $19/month per seat
• Enterprise: Custom pricing

Monday.com ratings and reviews

• G2: 4.7/5 (14,000+ reviews)
• Capterra: 4.6/5 (5,000+ reviews)

3. Propel (Best for cloud-based product management)

Looking to minimize on-premise solutions? Propel is a platform that offers all its solutions, including product management, in the cloud.

Propel is also an end-to-end solution that combines quality control and product lifecycle in portfolio management. Its smooth data flow streamlines product launches, compliance tasks, and teamwork. Propel also offers real-time analytics to aid functional decision-making.

This solution is quite complex to set up and needs technical knowledge for effective customization.

Propel best features

• Use customizable reporting and dashboard features, especially for customer-facing interfaces
• Enjoy a clean and accessible user interface with effective collaboration features

Propel limitations

• Complex initial configuration needs training and expertise
• Comes with limited integration with other enterprise systems and may lead to data silos

Propel pricing

• Custom pricing

Propel ratings and reviews

• G2: 4.2/5 (100+ reviews)
• Capterra: Not enough reviews

4. Planview (Best for enterprise-focused management)

If you need product portfolio management software designed for large enterprises, Planview is an easy choice. The solution provides effective resource allocation, performance tracking, and project portfolio management. It also boasts comprehensive reporting capabilities that offer insights into resource usage and team productivity.

Planview best features

• Map macro and micro activity levels with a wide range of tools and features  
• Benefit from resource management and enterprise architecture features common in large-scale portfolio management-specific tools

Planview limitations

• Comprehensive features may make the interface too complex and overwhelming for users unfamiliar with product portfolio management tools
• Requires significant investment and support for implementation

Planview pricing

• Custom pricing

Planview ratings and reviews

• G2: 3.6/5 (40+ reviews)
• Capterra: Not enough reviews

5. Planisware (Best for complex product development and innovation management)

Planisware excels at managing large portfolios and aligning strategic goals. Its dashboards support R&D, budgeting, and scenario planning, making it ideal for complex process loops. Planisware also offers several integration capabilities to streamline development workflows.

Planisware best features

• Get a simplified project management and task delegation even for complex workflows
• Improve cost optimization with Comes with budget management features

Planisware limitations

• Some users find it challenging to implement and configure a customized solution
• Has complex reporting and resource management features, and its interface can be overwhelming and difficult to configure

Planisware pricing

Custom pricing

Planisware ratings and reviews

• G2: 3.9/5 (27 reviews)
• Capterra: Not enough reviews

6. Craft (Best for intuitive product planning and road mapping)

For those focusing on target planning and roadmaps, Craft is a top pick. Its user-friendly platform offers comprehensive roadmapping, prioritization, and team alignment. It also comes with collaborative features that allow real-time feedback and decision-making.

Craft comes with popular integrations and features, but advanced features may feel limited in lower-tier plans.

Craft best features

• Leverage a clean interface for designing visually appealing and shareable product plans
• Allow team members to contribute and comment on roadmaps in real-time
• Integrate with popular tools like Jira and Trello for seamless workflow management

Craft limitations

• Comes with a steep learning curve
• Most vital management features are focused on a higher-priced solution
• Comes with a limited variety of templates 

Craft pricing

• Starter: $19/month per user
• Pro: $79/month per user
• Enterprise: Custom pricing

Craft ratings and reviews

• G2: 4.5/5 (60+ reviews)
• Capterra: 4.4/5 (30+ reviews)

7. Aha.io (Best for product strategy)

If you need a simple yet visually interactive product portfolio management tool, Aha.io is a great pick. Designed with product managers at heart, its core features revolve around creating roadmaps, setting priorities, and tracking features.

Aha.io also includes strategic goal-setting and real-time collaboration features. Its templates and integrations simplify workflow management.

Aha.io best features

• Ensure your product management strategies are perfectly aligned with your business objectives
• Get a clear visual representation of product roadmaps and plans

Aha.io limitations

• While Aha is feature-packed, it is not comprehensive
• The solution’s pricing may be too steep for small teams or startups
• Offers fewer options for customizing workflows and views compared to competitors

Aha.io pricing

• Premium: $59/month per user
• Enterprise: $99/month per user
• Enterprise+: Starts at $149/month per user (billed annually)

Aha.io ratings and reviews

• G2: 4.4/5 (250+ reviews)
• Capterra: 4.7/5 (530+ reviews)

8. Workfront (Best for marketing and creative projects)

Computer software giant Adobe introduced Workfront to drive marketing and branding efforts. It accomplishes this through robust task tracking, collaboration, and reporting features. Workfront also lets you link data with business intelligence tools to derive in-depth product insights.

Workfront best features

• Streamline processes for marketing campaigns and creative projects
• Utilize centralized dashboards for tracking project progress and resource utilization
• Build efficient review and approval workflows for creative assets

Workfront limitations

• Focuses primarily on project execution rather than strategic portfolio decisions
• Unclear pricing options, especially for smaller organizations or teams
• Some users report a long learning curve

Workfront pricing

• Custom pricing

Workfront ratings and reviews

• G2: 4.1/5 (930+ reviews)
• Capterra: 4.4/5 (1,400+ reviews)

9. ProdPad (Best for lean product management and idea validation)

Next on the top product portfolio management tools is ProdPad, a decade-old veteran focused on lean productivity. The tool is ideal for product planning, feature prioritization, and roadmapping. It also facilitates easy collaboration and feedback collection from stakeholders.

ProdPad best features

• Capture, organize, and prioritize product ideas and feedback seamlessly
• Gather and analyze user insights for data-driven decisions
• Create flexible roadmaps that adapt to changing priorities and customer needs

ProdPad limitations

• Lacks robust features for managing complex product development processes.
• Limited integrations with third-party applications
• Lacks advanced reporting features in its basic plan

ProdPad pricing

• Roadmap Essentials: $24/month per user
• Roadmap Advanced: $44/month per user

ProdPad ratings and reviews

• G2: 4.3/5 (80+ reviews)
• Capterra: Not enough reviews

10. Wrike (Best for cross-functional work management)

Wrike empowers teams with dynamic task management, time tracking, and collaboration tools. Its customizable dashboards and reports also enhance productivity and provide clear project visibility. Scalable to fit teams of any size, this product portfolio management tool is a versatile choice for cross-functional work environments.

Wrike best features

• Adapt to various work styles with customizable workflows and views
• Create a platform for effective teamwork and knowledge sharing
• Connect with numerous third-party applications for seamless data sharing

Wrike limitations

• Its extensive feature set may be overwhelming for new users, or simpler projects
• Takes time to learn and master all of its features and functionalities
• Pricing options are relatively high when catering to larger organizations

Wrike pricing

• Free
• Team: $9.80/month per user
• Business: $24.80/month per user
• Enterprise: Custom pricing
• Pinnacle: Custom pricing

Wrike ratings and reviews

• G2: 4.2/5 (3700+ reviews)
• Capterra: 4.3/5 (2600+ reviews)

11. Productboard (Best for customer-centric product management)

Productboard is a PPM tool that emphasizes customer-centric features. It offers robust product prioritization, roadmapping, and customer feedback integration. The product board also allows teams to easily align on goals and collaborate efficiently.

Productboard best features

• Centralize customer insights and feedback for informed product decisions
• Prioritize features and initiatives based on customer needs and business goals
• Create visually appealing and shareable product roadmaps

Productboard limitations

• Lacks granular task management and tracking capabilities
• Does not manage large teams with numerous projects and initiatives
• Smaller organizations or teams may find it expensive

Productboard pricing

• Free
• Essentials: $19/month per user
• Pro: $59/month per user (minimum two users)
• Enterprise: Custom pricing

Productboard ratings and reviews

• G2: 4.3/5 (240+ reviews)
• Capterra: 4.7/5 (150+ reviews)

12. Dragonboat (Best for outcome-driven portfolio management)

Founded in 2018 to help product leaders achieve faster impact, Dragonboat is the next product portfolio management tool on my list. Packed with goal-setting, roadmapping, and resourcing features, it perfectly delivers on its aim.

Dragonboard also offers real-time analytics for actionable insights and robust integrations for smooth operations. However, the solution lacks customization options and a few core portfolio management features.

Dragonboat best features

• Align product plans with strategic business objectives and OKRs
• Monitor product performance against key results for data-driven insights
• Get a centralized view of product initiatives and their impact on business goals

Dragonboat limitations

• Does not offer advanced features for resource allocation and capacity planning
• Less suitable for smaller teams with simpler product portfolios

Dragonboat pricing

• Custom pricing

Dragonboat ratings and reviews

• G2: Not enough reviews
• Capterra: Not enough reviews

13. Oracle PLM Cloud (Best for product governance-focused management)

Oracle PLM Cloud is a comprehensive solution from the software giant that focuses on portfolio management throughout the product lifecycle. It seamlessly integrates robust quality management and compliance protocols into every stage of development.

Its cloud-based deployment makes it highly accessible and scalable for large enterprises. This power and accessibility make it a strong contender.

Oracle PLM Cloud best features

• Manage complex product data across the entire lifecycle for large organizations
• Utilize tools for regulatory adherence and product quality control
• Handle large volumes of product information and support complex product structures

Oracle PLM Cloud limitations

• Requires extensive configuration and integration with existing systems
• Its interface may not be intuitive for non-tech users
• Typically priced for enterprise use and may be less affordable for smaller organizations
• It can be challenging to learn and master due to its extensive feature set

Oracle PLM Cloud pricing

• Custom pricing

Oracle PLM Cloud ratings and reviews

• G2: 4.2/5 (26 reviews)
• Capterra: Not enough reviews

14. Celoxis (Best for agile product management)

Celoxis is an option worth looking into to maximize efficiencies with Agile product management. It drives structure and productivity with extensive resource tracking, budgeting, and reporting. Celoxis also enables real-time collaboration and detailed dashboards for better decision-making.

Celoxis best features

• Leverage Scrum and Kanban methodologies for flexible project management
• Track progress and resource utilization across multiple projects
• Facilitate real-time communication and collaboration among team members

Celoxis limitations

• Focuses primarily on project execution rather than long-term product planning
• Offers fewer reporting and analytics capabilities compared to other tools
• Comes off as less intuitive and user-friendly compared to other tools

Celoxis pricing

• Team Member: $15/month per user (billed annually, minimum 5 users in one purchase for both Cloud and On-Premise options)
• Manager: $25/month per user (billed annually)

Celoxis ratings and reviews

• G2: 4.5/5 (200+ reviews)
• Capterra: 4.4/5 (300+ reviews)

15. Pendo (Best for product analytics)

For those who need to focus on analytics and insights, Pendo is a comprehensive option. The software excels in product usage analytics, feedback collection, and onboarding support. Pendo’s insights also help prioritize features and enhance the user experience.

Pendo best features

• Track user behavior and in-app interactions for insights into product usage
• Use tools for collecting and analyzing customer feedback within the product
• Create personalized onboarding experiences to improve user adoption

Pendo limitations

• Focuses primarily on product analytics rather than strategic portfolio decisions
• May have limited integrations with some third-party applications
• Offers numerous plans but unclear pricing options

Pendo pricing:

• Free
• Base, Core, Pulse, and Ultimate plans: Custom pricing

Pendo ratings and reviews

• G2: 4.4/5 (1,400+ reviews)
• Capterra: 4.4/5 (200+ reviews)

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Transform Product Portfolio Management with ClickUp

Managing a portfolio doesn’t have to be complicated. With the right tool, it becomes as simple as reviewing updates and tweaking strategies.

Of the 15 Product Portfolio Management tools we explored, ClickUp stands out for its versatility and ease of use.

Whether you’re tracking tasks or collaborating in real time, ClickUp consistently helps you stay ahead. It’s the perfect solution for streamlining your processes and focusing on what matters—delivering results.

So, why not give it a try? Sign up with ClickUp today!