Project management is the process of planning, organizing and directing resources in a company to achieve a specific goal or objective. Companies use project-management software to enhance their management activities and produce better results.

Centralization

Project-management software gives companies an internal, centralized program devoted specifically to managing projects. Access to this software is usually limited to the personnel directly involved with the project.

Forecasting

Once a project is complete in the software management system, forecasts are developed to determine the potential success of the project. Sales, revenue or market demand are all parts of a project software package that can be forecasted for management reports.

Track Progress

Tracking the progress of a project is an important part of determining the success of that project. Most software packages include a trending application that allows managers to assess the profitability or cost overruns of a project.

Train Employees

As new employees are brought into the project, utilizing the project-management software can help managers quickly and effectively trains these employees on the project.

Marketing

An important part of company is marketing their business services to potential clients. Project-management software gives management the ability to know and understand their business better than before, allowing them to make detailed and specific marketing presentations.

Source:

Microsoft: How Project-Management Software Can Help You Stay on Track

Atlantic Global: Project Planning Software Benefits