6 Things to Know About the Project Management Software

Handling various aspects of the project is often a challenge. Though everything is crucial for the success of the business, and that leads to the requirement of project management software. It will take care of the project initiation, budgeting, planning, scheduling, resource planning, and costing.

1-Resource Management

Once the project management activities are started, they have to be assigned to different team members. Before it can be done, the forecasting helps to establish the requirement after which the work is assigned. The module displays the availability of the employees on a real-time basis. It allows the users to select the available resources for quick assignment after considering several factors.

2-Scheduling

It displays the project tasks schedule and the progress made in the GANNT chart. You can set-up tasks schedule by dragging and dropping in this chart. You can also assign the project resources to project tasks and also update the progress made in terms of percentages. The project schedule can be saved as a baseline for the comparison.

3-Initiation

The initiation request can be raised from within the sales contract. Such a request calculates the prices and the cost of resources by the category. The requests set the properties of the project in a separate form. The specified managers can approve the request, and once the approval is there a new request is created automatically.

4-Budgeting

It is done to limit the resources that are allocatedto the project. Once the project budget is created, it can be changed to add more resources or to reduce the existing ones—however, the use of application providers a real-time comparison of the amounts with the actual amounts.

5-Planning

The software can also handle the planning. For inquiry, the project search can be customized. For planning, you would need links to teams, tasks, and the milestones. You can also manage the issues, documents, the deliverables. Managing the lifecycle of the project is easy as you can start, suspend, complete or close the projects.

6-Work Break-Down Structure

You can also set-up the WBS for project planning. The various tasks can be planned in the work-break down structure. Assign the resources, allocate budget and bill them here.

Finally,

Thus, project management software can be beneficial. You can handle all the activities and the various aspects of the project in one place. Further, an all in one system also handle the other business functions giving you the complete picture.

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Created on Oct 23rd 2020 01:49. Viewed 341 times.

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