Low cost and easy to use, Microsoft Excel® is arguably one of the most widely recognized software tools out there. It's also one of my favorite tools. I’ve been using Excel for my entire career, so I know it well. Like me, you are likely familiar and comfortable with Excel. You can use Excel for so many things including budgets, sales tracking, data analysis, reporting. You may even use Excel in your personal lives in the form of password management and personal finances.
Because so many people know how to use Excel and because it has a wide number of applications, some organizations have adopted Excel to manage their project portfolio. If your company is looking for a PPM tool, then you want to find a tool that fits your budget, is easy to use, and quickly accomplishes the necessary functions. While Excel is undoubtedly a powerful tool, is it the right solution for project portfolio and resource management?