3 Best Project Management Software 2020
Web-based tool for Architectural & Engineering companies, all-inclusive management integrating administrators, employees & customers with account privileges
Cloud networking Portfolio Program Project Management where present clients integrate & control project documents, contracts risks collaborate execute & report
Robust tool for team members in popular & easy-to-use way to visualize work & get reports for workflow, task types, or estimation approach with custom template
Project Management Software
Project management software is an umbrella term integrating a wide range of solutions from lighter work management tools up to more significant portfolio management solutions. It’s a key to understand the differences between types of software so you can choose as tools to meet your requirements best.
Work management software offers to manage workflows, organize tasks and activities, and collaborate to integrate shared workspace. Project management tools provide to help in work execution, facilitate collaboration, and provide status updates to different stakeholders with views and reviews. The target community of the apparatus is non-technical business professionals.
Right PM software offers project managers and organizations with the execution of projects with special initiatives with a set scope, timeline, budget and resources. These tools provide businesses plan, monitor, and control costs, schedules, & support. These steps help to deliver and meet project success criteria. Their target user is technical professionals, i.e., project managers.
Advantages of Project Management Software
Projects need collaboration between various stakeholders which include team members, other standby, and external clients. Project management software helps the users by active cooperation and quick response to project challenges and requests with brainstorming to improve the process.
Streamlined project management processes
Project Management Software provides the ability to create tasks, assign them to people, and track the status thru dashboards. Real-time file sharing and collaboration with tools save time and money. Business leaders have better control of teamwork and various on-going processes. They can track project performance across different departments.
Accurate Budget Management
Project management software provides businesses to track estimated over actual budgets so they can proactively identify and address areas that exceed their pre-planned budget.
Features of Project Management Software
Manage communication, both internally and externally with the team. Some system tools even offer to provide built-in messaging tools.
Upload different types of files like documents, images, and spreadsheets, and share them with their teammates.
Track the real-time progress of a project on dashboards. Some software features tracking for multiple stages of a project.
Create and positively implement product strategies.
Create tasks, assign them to the team, and work together on the action jobs.
Track Completion Rates
Manually log the percentage of a task completed to help users calculate the total time required for completion.
Allocate resources in a project with team workers, contract workers, and physical inventories.
Time and Expense Tracking
Record the total time and money spent on a project and compare it with allocated budgets.
Price of Project Management Software
Most project management tools in the market are priced on a “per user, per month” or “per month” basis, and can be split into three pricing tiers based on the “per user, per month” starting price. The premium product may have extra features like time tracking, desktop apps, charts, resource management, and workflow orchestration.
Consider Points while buying Project Management Software.
Cloud-based vs on-premise
Cloud-based and on-premise project management tools help in varied ways. An on-premise system incurs capital expenses, including one-time installation cost and update costs. Cloud-based software provides a subscription pricing model, where the user has to incur monthly or annual charges. A cloud-based solution offers ease of access for allowing remote login from their devices using web browsers or mobile apps. Buyers should assess their needs and make buying decisions accordingly.
Total Cost of Ownership
There are extra costs related to buying a project management system along with pricing mentioned on the product website. These can include training, implementation, and future upgrades which must be considered before purchasing the ownership.
Many project management system features are suited to specific business needs.
Project Management Software Trends
AI-enabled chatbots for project management software space
Chatbots are user-interface technologies for conversations helping to automate project management system processes like scheduling meetings and pulling up reports. It automates repetitive administrative tasks, thereby efficiently managing processes.
Social collaboration tools are on the rise.
With ever-increasing customer needs, businesses have to search for innovations in working continually. A social collaboration solution provides features like hashtags and “@” mentions allowing team members to interact with public socially faster and better.