Project management software is software used for project planning, scheduling, resource allocation and change management. It allows project managers (PMs), stakeholders and users to control costs and manage budgeting, quality management and documentation and also may be used as an administration system. Project management software is also used for collaboration and communication between project stakeholders.
- Project planning and scheduling - allow the user to define the scope of the project, establish deadlines and create, track and close essential tasks and deliverables
- Team collaboration - productivity is increased via a central document repository accessed by project stakeholders.
- Time tracking - ability to track time for all tasks maintain records for third-party consultants.
- Reporting - analysis and reporting functions let project managers view data in a form other than Gantt charts
- Project budgeting - allows bids, budgets, expenses and revenue to be directly connected to the projects they're associated with.
- Billing & quotes - allowing users the simplicity of using a single system for all functions related to the management and accounting of the project.
- Collaboration with the team in real-time
- Tracking the advancement of the project
- Internal & External Communication
- Optimal Resourcing
- Budget Management
- Optimised Decision Making