What does project management tools do?

At the most basic level, project management tools will help your organisation to manage projects from start to finish, and allow employees at different levels to quickly understand and complete their work on time. In addition, it is aimed towards getting things done (GTD) faster so you spend quality time at work which adds more value for a work-life balance.

Project management tools has been around for a number of years now and as a result, it does far more than just manage the projects themselves. They can also carry out project estimation, cost control, budgeting, resource allocation, collaboration, communication, quality management and administration. The aim with these is to handle all aspects and complexities of larger projects and helps keep the costs down.

Why do businesses tend to use project management tools?

Projects can be complex and dependent on many different factors, departments, and outcomes. As such, a project management software can help to determine which tasks depend on one another, how exactly they depend on each other, and what happens if things change or go wrong.

People also use project management tools to deal with uncertainties in the estimates of the duration of each task; arrange tasks to meet various deadlines; and juggle multiple projects simultaneously, as part of an overall objective.

Key Benefits of Project Management Tools

Project Planning

Keep your projects organized with milestones, set dependencies for tasks, assign ownership, set priorities and all your deadlines accessible from a single place. In addition, create and group the tasks to be accomplished as taskslist.

Project Collaboration

Project collaboration tools like email, document sharing, group calendar, team collaboration (Wiki, Calendar, Meetings) and real-time collaboration (Stream, Chat, Forums) helps team mebers involved in the project to come together, collaborate and get work done faster.

Project Tracking

Project tracking helps project team to monitor the processes performed to observe execution so that potential problems can be identified in a timely manner and corrective action to be taken to control the execution of the project.