Monday.com Releases Portfolio Management Solution

Monday.com has launched its Portfolio management solution to give managers a full view of their projects.

The work management software provider has added the new offering within its broader work management product.

Created with enterprise customers in mind, monday.com believes the solution gives portfolio managers a user-friendly interface through which it can help to bring a clearer project overview without needing to manually sort through numerous reports.

Daniel Lereya, Chief Product and Technology Officer at monday.com, explains what it is that sets this solution apart from the rest: “We constantly strive to provide our customers with the best solutions for their business needs, and this latest release of Portfolio demonstrates that commitment.

“We are democratising project portfolio management methods by making them easy to master, which is a major differentiator to others in the market.

“With our Portfolio management solution, our enterprise customers will now have a strong connection between everyday work and high-level insights, providing a top-down view that drives efficiency and effectiveness.”

‘Portfolio Integrates the Entire Workflow’

The Portfolio solution allows customers to switch between high and low priority projects and portfolios.

Monday.com’s related press release also states that it is capable of integrating with the entire workflow by connecting to project request Monday boards for work data.

Following project approvals, monday.com’s automation features converts the project information and requirements into a template. These templates are then controlled by the company’s latest standardisation capability, currently in beta.

Key benefits of the solution include not requiring any setup, allowing customers to begin using the project management software immediately and, ultimately, improving productivity from the get-go.

Workflows can be integrated through added automation, project intake customisations, and using templates to create consistency with templates.

Organisations can personalise their experiences by adding fields, dashboards, and more.

Chris Funk, Senior Director of Product Innovation at Zippo Manufacturing, shared his review of the new portfolio management system:

“Monday.com’s Portfolio management solution allows us to understand what the decisions we make today mean for tomorrow.”

Getting Started

Monday.com’s support pages explain how users can add the portfolio solution to their account.

First, navigate to the left pan and click on the blue plus sign.  Next, select “New Portfolio”, create a name for it. Finally, choose whether to make the board ‘main’ or ‘private’ and click “Create”. Your brand new portfolio board will be up and running within a matter of seconds.

To add existing project boards to a portfolio, click the “Add project” button and then select the specific board from your account.

You can also get a Portfolio Health Snapshot to gain a simple view of how projects are progressing. It will display a completion percentage for each project, planned versus actual timelines, and more.

In January this year, UC Today’s Rebekah Carter created comprehensive guide to monday.com, including all the features, pricing pros, and cons. Although monday.com’s pricing structure can be bit complex and some features are restricted to premium accounts, the pricing is generally affordable, customer support is excellent, there are third-party app integrations available, great CRM solutions, and other top notch features.

Similarly, in February, 2023, the UC Today Team reviewed monday.com for Microsoft Teams, ultimately concluding that there are a number of ways in which monday.com could improve your Teams experience.