What is the Importance of Project Management Information System

PMIS or Project Management Information System is used for schedule planning, budgeting as well as for the execution of work that is supposed to be completed in a project. While planning, PMIS is used by project managers for budget framework – like cost elimination.

Project Management Information System – Definition and Types

What is Project Management Information System? PMIS indicates methods and tools that are used for the management of projects, for the delivery of information. These are used by project managers for gathering as well as combining and distribution of information – manually as well as electronically. Both lower and upper management use PMIS for communicating with each other.

This is used even for making a particular schedule as well as for defining the baseline of scope. All the information is collected into a single database by the project management team, while executing project management objectives. It is used for baseline comparison with financial data collection, materials management, activity accomplishment and proper record-keeping – in order to be able to prepare an accurate report. PMIS assessment is used during project closure for reviewing objectives and checking whether tasks have been completed.

Project Management Information Software

The market abounds in various types of Project Management Information Software programs, which come with varied features and can help in planning a budget, project schedule, work execution and more. It helps project managers, individual contributors, teams in the management of scope constraints, budget and time, organizing client requirements, task completion etc.

This kind of software can be of various types, such as:

·         Free Project Management Software

·         Industry-Specific Project Management System

·         On-Premises Project Management Software

·         Integrated Project Management Software

·         Best-of-Breed Project Management Software