Procore allows owners to move from reactive project management to proactive portfolio management

Key highlights

• New capabilities for portfolio management and capital planning give owners an elevated view across their full portfolio and asset lifecycle—from concept planning through operations—helping to replace fragmented systems that often drive delays, cost overruns, and limited portfolio visibility
• Built on Procore's platform, this suite of capabilities delivers a powerful new experience for owners to manage portfolios of projects and assets at scale, including Concept Projects, Portfolio Monitoring, Owners Hub, Capital Planning, Funding Source Management, Asset Management, and Procore's contractor collaboration tools
• Embedded across these experiences, Procore AI helps capital project leaders surface insights faster, identify risks earlier, and act with greater confidence—turning portfolio data into a competitive advantage

CARPINTERIA, Calif.--(BUSINESS WIRE)-- Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, announced new portfolio management and capital planning capabilities designed to transform the way owners manage capital projects through consolidated visibility and control across the entire portfolio—from early project concepts and planning to funding and operations. The new capabilities connect the full capital project lifecycle, giving owners greater visibility across portfolios to identify risk earlier, strengthen governance, and make more informed capital decisions. Embedded Procore AI extends agentic AI capabilities to owners, helping teams identify emerging risks across projects, automate workflows triggered by project events, and quickly surface answers about portfolio health using data connected across their capital programs.

As construction programs grow more complex and capital becomes more expensive, owners have less room for error. Many projects are still being executed against budgets approved 12 to 24 months earlier despite rising costs and shifting market conditions, while disconnected systems limit visibility across projects and financial performance. Nearly 92% of large capital projects fail to finish on time and on budget, with projects running an average of 20 months late and exceeding original estimates by 80%.

“Owners aren’t waking up worried about just one project. They’re thinking about hundreds of millions, sometimes billions, in capital spread across an entire portfolio,” said Geoff Lewis, SVP of Product at Procore. “We're building capital portfolio management capabilities directly into Procore to give owners that visibility in one place. Combined with embedded Procore AI, these capabilities help owners quickly assess project and portfolio health, surface emerging risks, and get answers grounded in construction data across all of their projects so they can make decisions with confidence instead of piecing together information across spreadsheets and disconnected systems.”

Providing a Connected Foundation for Owners

Capital project owners have long operated without a system purpose-built for the full scope of their role. Project management tools were designed for contractors, and financial platforms were not built for construction. The result is a patchwork of spreadsheets, disconnected data, and decisions made without a complete picture.

To address these challenges, Procore has introduced capabilities designed specifically for owners across the capital lifecycle—from early-stage planning through construction delivery and long-term operations, including:

• Concept Projects helps owners evaluate early-stage initiatives alongside active work, compare investment options, and route decisions through approval workflows before capital is committed.
• Portfolio Monitoring provides centralized visibility into budget, schedule, and risk across active projects. Owners can track performance in real time and drill into project-level details when issues emerge.
• Owners Hub provides personalized dashboards that surface information requiring attention, from financial trends to schedule performance and risk. Views are configurable by role, so leaders see the insights most relevant to their decisions.
• ● Capital Planning replaces disconnected spreadsheets with a live capital plan that helps owners forecast future spending, prioritize investments, and align long-term plans with active projects.
• Funding Source Management tracks where project funding comes from and how it is spent, making it easier for owners to manage multiple funding sources, maintain compliance, and improve financial accountability.
• Asset Management helps owners maintain a connected digital record of their assets across the entire lifecycle, linking equipment and spaces to the documentation, maintenance history, warranties, and project information needed to support decisions made during construction and into operations.

Together, these capabilities provide owners with connected visibility across their portfolio and asset lifecycle, helping them plan investments, monitor execution, and manage assets in a single environment.

“Using Procore has really helped us make strategic planning decisions about where we want to spend capital in order to grow the business and focus on putting good dollars to work,” said Marc DiGuiseppe, Vice President of Project Delivery at Catalyze.

Turning Portfolio Data into Decisions With Procore AI

Procore AI helps capital project leaders turn project and portfolio data into action. With embedded capabilities like Deep Search, users can ask questions about individual projects and get answers grounded in specifications, submittals, and field documentation, reducing the need to chase down information across teams. To help capital project leaders identify issues earlier, Procore AI can surface emerging financial, schedule, and operational risks across portfolios, providing greater visibility into trends that may require attention.

Unlike horizontal AI tools, Procore AI is built on construction-specific context. Drawing from data across millions of projects, it can help capital project leaders understand not only what is happening across their portfolio, but why—and where action may be needed to help reduce future risk.

Market Availability

Owners Hub, Portfolio Monitoring, Concept Projects, and Asset Management are currently in beta, with general availability planned for summer 2026.

Capital Planning and Funding Source Management are expected to enter beta later this month, with general availability planned for late 2026.

To learn more, visit Procore.com/owners and register for Procore’s June Innovation Summit at Procore.com/Innovation-Summit.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and helps mitigate risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit www.procore.com.

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Source: Procore Technologies Inc.