The objective of any organization is to expand and develop itself. An organisation seeks to improve itself continuously so as to be able to have a foothold in today’s economy. One way to bring about such change is through projects. In the age where everything is online, it will be imprudent not to take advantage of the internet while carrying out projects. With the changing requirement of time, the delivery period is now shorter for all the projects and the increasing cost urges the companies to save wherever possible. An efficient project management tool provides a look out to the completion of the total project and it is helpful in keeping different parts of the project in sync.
The use of computers to carry out projects has changed the approach to project management. To carry out any project in the computer, one must use project management tools/ software. They are tools that can be used for planning, directing and organizing the resources of the company to achieve better results.
Apart from these features, some of the common functions of most project management software are:
Managing the budget and Cost control.
Estimation of the resources required and planning the project.
Allocating the resources of the organisation in an efficient manner.
Scheduling – this involves creating a proper schedule for the project.
Collaboration software that allow the management of a project by different people at the same time.
Managing the portfolio of business.
Some software also include methods of communication for the geographically spread workforce of the organization and their different projects, and so on.
The various approaches to project management include implementation in desktops, as web applications, personal project management software, single user programmes, collaborative systems, integrated project management systems and non-specialized tools which include software