Pardew served as manager of the Eagles for almost two years before being sacked last December with the club in a similarly-precarious position, but thinks that Hodgson's extensive managerial experience will help see them safe this term.
"For Roy to go back to his hometown club is good for Roy," he told Sky Sports News. "He knows the history and DNA of Crystal Palace, he'll bring a regimented structure to the group.
"That's something he's done at all his clubs and from his Italian background his teams will be solid and difficult to beat. Where the club sits at the moment that could be very useful.
"Any Premier League manager tells you it moves rapidly. The fundamentals don't but the dynamic does. The media work, the demands of the club and the size of the organisation. It's a big group you have to deal with and that will be a drain on him.
"Roy needs to plan the week and get their head down and get this win on Saturday and go from there. There's no objective. Forget about DNA. Roy is going to get more licence than any other manager. You need 12 wins in the Premier League and he's got 34 games to get them."
Hodgson's first game in charge of Palace is at home to Southampton this Saturday.