Project Management Software

Project management software is a business application designed to assist project managers and their teams organize the step-by-step process of a project, identify priorities, and monitor project tasks, costs, contacts, deadlines and staff.

Complex projects that require staff, team coordination, budgets and so on can be difficult to manage without the use of project management software.

Recommended Reading: Webopedia’s project management definition.

Pricing and features of project management software tools vary, depending on number of end-users and specific features required. Today, many of these applications are available to organizations on a monthly (or yearly) subscription basis where fees are determined by the number of users or number of projects managed within the system.

Typical Project Management Software Features

According to Project-Management.com, project management software specifically helps project managers and teams complete client requirements and manage time, budget, and scope constraints.

To do this, most tools offer a complete business solution that will streamline the entire work progress eliminating the need for multiple tools. Typical software solutions may offer some of the following features:

  • Contact management
  • Customizable dashboards
  • Document and file management
  • Frequently used templates
  • Gantt charts
  • Notifications and alerts
  • Project roadmaps and timelines
  • Quoting and invoicing
  • Real time reporting
  • Scheduling: meetings, calendar
  • Subtasks and task dependencies
  • Task management (assign, deadlines)
  • Team collaboration
  • Time tracking and billing

Related IT career definitions: project manager, project director, project administrator, IT project coordinator, project analyst.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

Top Articles

The Complete List of 1500+ Common Text Abbreviations & Acronyms

Text Abbreviations reviewed by Web Webster   From A3 to ZZZ we list 1,559 SMS, online chat, and text abbreviations to help you translate and understand...

How to Create a Website Shortcut on Your Desktop

Website Shortcut on Your Desktop reviewed by Web Webster   This Webopedia guide will show you how to create a website shortcut on your desktop using...

Windows Operating System History & Versions

The Windows operating system (Windows OS) refers to a family of operating systems developed by Microsoft Corporation. We look at the history of Windows...

First to Fifth Generations of Computers

Reviewed by Web Webster   Learn about each of the 5 generations of computers and major technology developments that have led to the computing devices that...

Hackerspace Definition & Meaning

What is a hackerspace? A hackerspace, also known as a hacklab, incubator, or hackspace,...

Random Access Memory (RAM)...

Random Access Memory (RAM) reviewed by Web Webster   Random Access Memory (RAM) is a...

OEM – original equipment...

OEM - Original Equipment Manufacturer reviewed by Web Webster OEM (pronounced as separate letters)...