Project Management Software

Project management software has the ability to help plan, organize and manage resource pools and create resource estimates. Depending on the complexity of the software, it can manage estimation and planning, scheduling, cost control and budget management, resource distribution, collaboration software, communication, decision-making, quality management and documentation.

Project management software is a software that helps project managers (PMs) and teams to collaborate and meet goals on time while managing resources and cost. Functions may include task distribution, time tracking, budgeting, resource planning, team collaboration and many more. Project management software is also referred to as Task Management Software or Project Portfolio Management (PPM).

Managing projects has grown progressively difficult over the past years. Because of this difficulty, large projects – particularly information technology undertakings — often finish past their due dates, over-budget, and with a lower than anticipated return on investment.