First, we need to define what project management software is. A standard definition can be stated as,
A software program/application that is designed to facilitate computer professionals, especially project managers, with tool and resources to monitor all phases of software development including, scheduling, charting, tracking, prioritizing, costs, calendars etc.
In other words, project management software is a combination of all these tools and resources to help with project development, communication and documentation of large scale and complex projects. These systems tend to cover most essential tasks of project management, most importantly; scheduling of resources, calculating critical path of interdependent events/tasks and providing information to the concerned personnel. This type of software must be capable of handling these important tasks to ensure that the company delivers the project in the given time frame and more efficiently.
There are different approaches to using project management software that can be single user, web based, personal, integrated, collaborative or desktop. Each approach has its own significance depending upon the requirements of the project and its implications. Project Managers use this software to increase their efficiency and proper resource scheduling while handling large and complex projects.
Executives in technological word when managing software projects face Lot of challenges and issues. As per results of a survey conducted by Center for Business Practice, “the biggest project management challenges involve developing a consistent approach to managing projects (23.9 percent) and allocating resources (19.7 percent)”. ...