What is Project Management Software?
The core function of any project management software is to monitor, track and follow the progress of projects from their inception to their completion. These tools are traditionally used by both project managers and project stakeholders to plan projects and follow their progress and development, as well as to future-proof and ensure the projects’ smooth and timely completion.
Project management applications allow for a clear oversight over all aspects of a project - from the management of tasks, people and resources, to the sharing of documents and client information. The general purpose of project management software is to improve communication, transparency and collaboration among all members of a project, allowing for full visibility over processes, tasks, and workflow.
As project management software has evolved it has become a vital tool not only for project managers, but also for small businesses and entrepreneurs to automate the actions normally carried out by a project manager. These applications are used for short-term or long-term projects, as well as to organize better the general day-to-day working of a company.
A project management application will vary from one to another. When choosing the right solution to suit your needs, you may want to narrow down the features you are looking for. Some PM applications are designed with specific teams in mind, such as software developers, while others cater for a more diverse range of workers.
Common project management functions you will want to look out for include task management features to set and assign tasks, deadlines and time sprints. Other tools should facilitate communication with automated notifications, document sharing and the ability to leave notes. If you have a team with well-defined roles, don’t forget to search for a project management app that allows you to assign specific user permissions at various stages of the project lifecycle.
Users of project management software will also benefit from reporting tools, such as error or bug alerts and past-deadline notifications. These can also include reports generated from key project analytics and insights for better visualization of a project's performance. More robust applications may also handle financial issues related to your projects such as budgeting, purchasing, time billing and invoicing. But you often have to try them out to find the right project management software for you and your team. Many of our PM apps have free trials, so give one a go!
Key Features & Benefits
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