Project Management Software Buyer’s Guide

What is a Project Management Software?

A Project Management Software allows the user to manage their processes. It provides a centralized platform to the user instead of forcing them to use various communication tools for various purposes.

Why do you need a Project Management Software?

Most of the times, it is chaotic to segregate the projects, streamline them, mange the individuals along with their tasks. Project Management software allows the team members to communicate with each other and discuss the projects in-depth.

The tell-tale signs an organization needs project management include the following:

  • Delayed Projects.
  • Chaos surrounding overly busy and non-user-friendly spreadsheets.
  • Missed deadlines, due to a lack of accountability and transparency in the process.
  • Poor communication between team members and managers.
  • Overlapping or redundant work due to confusion surrounding the specific role of each team member
  • Unclear or missed timelines as a result of poor planning or poor communication.
What are the features of a Project Management Software?

The biggest goal of Project management software is to streamline the tasks of a project. To achieve that efficiently, the software must have the following features:

  • Risk Management
  • Resource Management
  • Ease of use
  • Integrations
  • Agile and Collaborative Workflow
  • Independent of platforms
  • Effective Streamlining
What are the potential issues of Project Management Software?

Infrastructure issues: Over time, project management systems need to be updated with latest technologies. But however, when systems become redundant, employees are forced to use out- dated tools and infrastructure.

Third-party modules: Third-party modules can drastically reduce the development time but since they’re tested, they can be safely integrated in existing systems. Even though, business processes can be bettered, the turn-around time can be reduced by using such third party modules.

Project prioritization: Project deadlines change frequently and also the vitality of each client may differ. Hence, prioritizing one single task can be a huge task for an employee.

Task Prioritization: Prioritizing tasks can also be chaotic. A project manager must supervise all the tasks on a single interface. But sometimes, tasks of a single project may be interdependent. Hence, singling out a task can be cumbersome.

What are the targeted businesses of Project Management Software?

Small and Medium Businesses: Every project is different, hence it can take a lot of time to figure out which features are required. But small and medium businesses usually require affordable software with no time limits, which performs task management by integrating all the platforms to make the transition easier between team members.

Large Businesses: Large companies usually deploy enterprise project management software (EPM) since they work on large scales. Enterprise Project Management software can devise strategies and help projects fit into company’s objectives.

What is the Pricing range of Project Management Software?

Pricing starts from $38 per month for 10 users along with free demos.

Features of Project Management Software in various Industries:

Construction:

  • Document Tracking and Management
  • Bid Management and Submittals
  • Jobsite Logs
  • Scheduling
  • Estimation

Finance:

  • Know where your project stands
  • Stay Updated
  • Collaborate teams
  • Have insights on future tasks
  • Maximize your results

IT:

  • Project Planning and Scheduling
  • Team Collaboration
  • Time Tracking
  • Reporting
  • Budgeting
  • Billing

Energy:

  • Maintain transparency between team members
  • Has full control over your projects.
  • Cloud based applications are available
  • Collaboration management
  • Simplifies Communication

Healthcare:

  • Keeps confidential information safe
  • Visualizes Timelines
  • Interactive Gantt Chart
  • Reduces Admin workload by centralizing documents
  • Team Collaboration made easier
  • Keeps external Stakeholders in the loop