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Top 20 Project Management Tools in 2024

Last updated on Apr 18,2024 6.4K Views

Swatee Chand
Sr Research Analyst at Edureka. A techno freak who likes to explore... Sr Research Analyst at Edureka. A techno freak who likes to explore different technologies. Likes to follow the technology trends in market and write...
3 / 4 Blog from Project Management Basics

Efficient project management is a must when talking about successful projects. Managing a small-scale project is simple, but things become really challenging when the team size starts to grow. Managing all the tasks and people involved in a project simultaneously can prove to be a cumbersome deal. We can get a better understanding of Project Management and its practices with the PMP course. In this article, I will be discussing all you need to know before you choose your Project Management Tools.

Below are the topics I will be discussing in this article:

  • Project Management Overview
  • Top 20 Project Management Tools
  • Features of Project Management Tools
  • How to Choose a Project Management Tool
  • Need for Project Management Tools

Project Management Overview

“Project Management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.”

– Wikipedia 

In simpler terms, Project Management is the process of arranging and managing all activities related to a project. It helps in managing a project from its very beginning to a defined ending, with the ideal goal of delivering the outcome on time and within budget. A proper project management framework embodies a project life cycle and five major project management process groups. These Process Groups wrap together 10 Knowledge Areas and 49 processes that often operate around the same time on a project or with homogeneous inputs and outputs. These groups are:

  1. Initiating: In this process group, the initial scope of the project gets defined as well as resources are committed.
  2. Planning: In this process group, an appropriate level of detail is planned for the project.
  3. Executing: This process group consists of the processes which are used to complete the work defined in the project management plan. 
  4. Monitoring and Controlling: This process group involves tracking, reviewing and regulating the performance of the project. 
  5. Closing: This process group is an important part of project management, performed to finalize all project activities for completing the project.

By now, you must have understood that Project Management is a prolonged process. This entire process solely lies on the shoulders of a Project Manager. Managing and organizing a project is not at all an easy task. If the project manager is not skilled enough, there are high chances that your project might not deliver the expected outcome. Nowadays, to prove their hold and expertise over the subject, project managers often opt for certifications like PMP®. I have written a detailed article on the PMP Exam, which you can refer to for more information.

Well, the concept of project management traces back to the early 19th century but was recognized as a distinct profession in the mid-20th century. Project managers started out by using traditional tools such as pen and paper to keep track of activities where everything had to be done manually. But with the advancement in technology, project managers now use various project management tools to speed up and ease the entire work process. PRINCE2 training is a vital step for professionals aiming to master the use of Project Management Tools, ensuring effective project delivery and successful outcomes.

In the next section of this article, I will give you a complete insight into what are project management tools and how to use them.

Project Management Tools

Project Management tools are basically the tools that assist an individual or team to organize work and manage projects effectively. It can be an open sourced or paid software that can be bought online. 

Since project management is a complex task that consists of many challenging activities, project management tools often act as the aid for the project managers. There are various kinds of project management tools available in the market. They can be software automated or manually operated. As no single tool addresses all project management needs, being a project manager, you need to choose a project management tool that best suits your project and management style. These tools not only take the workload off the project manager’s head but also helps in standardizing the work and routine of the entire team. Enroll in Project Management Masters Program and get certified today.

Top 20 Project Management Tools in the Market

Below, I have listed the top 20 Project Management tools available in the market:

1. Wrike

wrike - Project Management Tools - Edureka

Wrike is a powerful online project management software which provides full visibility and control over the project tasks. It is an award-winning software for online project management and helps in improving the speed and efficiency of work in both co-located and distributed groups.

Key Features

  • Task Management and Tracking: Task creation, deadline setting, team member assignment, and real-time progress tracking are all made possible by Wrike’s powerful task management features. All tasks, their dependencies, and statuses are clearly outlined.
  • Comprehensive Dashboards: For better oversight, visualize tasks, processes, analytics, and more.
  • Efficient Automation: To cut down on manual labor and boost productivity, define and implement automated workflows.
  • Versatile Mobile & Desktop Apps: With our extensive application experience, work without a hitch from any location.

Pricing plans

  • Free Tier: $0 per user/month
  • Team Tier: $9.80 per user/month
  • Business Tier (Most Popular): $24.80 per user/month


  • Wrike has a lot of features that help you manage your team effectively. Some of these features are resource planning, time tracking, and budgeting.
  • Cutting-edge AI and automation features automate prioritization, produce comprehensive reports, forecast project risks, and save time.
  • Although there is a learning curve, the platform’s subtle features enable businesses to grow and scale considerably, making it an investment well worth making in the long run.


  • It may take some time and effort to become proficient with the platform’s advanced features, which could be a barrier to initial adoption.

2. Asana

Asana is a web and mobile project management application designed to help teams Scoro Logo - Project Management Tools - Edurekatrack their work. It’s simple to get started, but powerful enough to run your entire business. It provides plenty of features that can help your organization and track work in a way that fits every team’s workflow by providing transparency and clarity to teammates.

Key Features:

  • Project Management:
    • Projects
    • Project Views
    • Tasks
    • Custom Fields
    • Status Updates
  • Goals and Reporting:
    • Goals
    • Reporting Dashboards
    • Portfolios
  • Workflows and Automation:
    • Rules
    • Forms
    • Bundles

 The pricing details for Asana’s plans:

  • Personal Plan: Free forever
  • Starter Plan: US$10.99 per user/month billed annually or US$13.49 billed monthly
  • Advanced Plan: US$24.99 per user/month billed annually or US$30.49 billed monthly


  • Intuitive Interface: Asana’s user-friendly interface makes task management easier for teams.
  • Versatile Collaboration Tools: It improves team communication and productivity by providing a range of collaboration features like task assignments, file sharing, and comments.


  • Learning Curve for Advanced Features: Asana’s more sophisticated features may take some time and effort to comprehend and use, which could cause a learning curve for certain users.
  • Cost of Advanced Functionalities: Higher-tier plans grant access to some advanced functionalities, which may be pricey for smaller teams or those looking for specialized features without a larger commitment.

3. Trello

Trello is a web-based project management application developed by Fog trello - Project Management Tools - EdurekaCreek Software and is currently owned by Atlassian. From startups to Fortune 500 companies, Trello provides the visual way for teams to collaborate on any project. It is incredibly flexible and easy to use. It keeps track of each and every detail, be it a big picture or a minute detail using kanban-style management.

Key Features:

  • Multiple Views:
    • Observe your team’s projects from various perspectives and angles.
  • Automation with Butler:
    • Streamline tasks and workflows through automated actions with Butler automation.
  • Power-Ups:
    • Enhance team capabilities by connecting their preferred tools through Trello plugins.

The pricing details for Trello’s plans:

  • FREE Plan: $0 USD per month
  • STANDARD Plan: $5 USD per user/month billed annually ($6 billed monthly)
  • PREMIUM Plan: $10 USD per user/month billed annually ($12.50 billed monthly)
  • ENTERPRISE Plan: $17.50 USD per user/month billed annually ($210.00 annual price per user)

Pros of Trello:

  • User-Friendly Interface: Easy to use and visually intuitive.
  • Flexibility: Adaptable to various project management needs.
  • Customizable and Integrative: Allows customization and integrates with various tools.

Cons of Trello:

  • Limited Dependency Management: Task dependencies might be seen as limited.
  • Scaling Complexity: Efficiency could decrease with significant team or project growth.


jira - Project Management Tools - Edureka

JIRA is a project management tool that is more popularly used for bug tracking and issue tracking. Using JIRA you can easily plan, track, and manage your agile software development projects by customizing your workflow and team collaboration. It provides special features for agile software development which helps the teams stay focused on delivering iterative and incremental value, as fast as possible, with customizable scrum boards.

Key Features:

  • Timelines: Efficiently manage work using powerful agile boards.
  • Scrum: Facilitates Scrum methodology for project management.
  • Kanban: Offers Kanban boards for visual task management.
  • Reports and Insights: Provides comprehensive reports and insights for project tracking.
  • Project Flexibility: Offers flexibility within projects to accommodate diverse workflows and methodologies.

The pricing details for JIRA’s plans:

  • Free Plan: $0 per user, $0 monthly total
  • Standard Plan: $8.15 per user, $81.50 monthly total
  • Premium Plan: $16 per user, $160 monthly total
  • Enterprise Plan: Contact sales for pricing details.


  • Robust Issue Tracking: Great for efficiently managing and addressing problems.
  • Customization: Workflows that can be highly customized to meet a variety of project requirements.


  • Learning Curve: More difficult, particularly for new users.
  • Performance Problems: When there are a lot of tasks or users, performance problems could arise.

5. BasecampBasecamp - Project Management Tools - Edureka

Basecamp is a real-time communication tool which helps teams to stay on the same page and is less for traditional project management tasks. It is a reliable service that offers a simple setup and a short learning time. Along with the to-do-lists, calendaring, due dates and file-sharing functions keeping track of priorities and actionable items becomes easier.

The pricing details for Basecamp:

  • Basecamp: Cost: ₹350 per user per month, pay as you go.
  • Basecamp PRO UNLIMITED: Cost: ₹4800 per month, billed annually for unlimited users.

For month-to-month payments, Basecamp PRO UNLIMITED costs ₹5650 per month.

Pros of Basecamp:

  • User-Friendly Interface: Easy-to-use platform for collaboration and project management.
  • Centralized Collaboration: Provides a centralized space for discussions, files, schedules, and tasks.

Cons of Basecamp:

  • Limited Functionality for Complex Projects: Might lack some advanced features for intricate or large-scale projects.
  • Learning Curve: New users might face a learning curve while adapting to the platform.

6.  Zoho

zoho - Project Management Tools - Edureka

Zoho is a free online project management software that lets you make your business projects more productive and finish them within a given time frame. Using Zoho you can get an in-depth insight with charts and reports while collaborating with your team, clients, vendors, or consultants seamlessly. 

Key Features:

Process management: To improve productivity and efficiency, streamline and optimize business processes and workflows.

Canvas: Often used for creating user interfaces or presentations, this tool allows users to create visually appealing and interactive experiences or interfaces.

Sales Force Automation: Increase team productivity by automating sales-related tasks and streamlining procedures.

Journey orchestration: For a smooth and customized experience, oversee and maximize customer journeys across multiple touchpoints.

Omnichannel: Give users or customers a unified and consistent experience across a variety of communication channels.

The pricing and plans for Zoho CRM are as follows:

Standard Plan: Begins at $1300.

Professional Plan: Starts at $2100.

Enterprise Plan: Commences at $3000.

Ultimate Plan: Initiates at $3200.

7. Podio

Podio is a cloud-based collaboration service which is powered by Citrix.podio - Project Management Tools - Edureka It is a social collaboration tool where one can build applications and set up workspaces to support the preferred workflows and become more effective. It is the perfect tool for enhancing the collaboration as it lets you to connect with colleagues via internal social network and chat.

Key features:

  • File Sharing: Seamlessly share files within Podio, keeping everything contextual to your work.
  • Task Management: Break down projects and workflows into manageable tasks for better organization.
  • Mobile Apps: Access Podio on iOS and Android devices, ensuring coordination with your team from anywhere.

Pricing Details:

  • Free Plan: Free for up to five employees.
  • Plus Plan: $11.20 per month, offering automated workflows.
  • Premium Plan: $19.20 per month, includes advanced features.

8. FreedCamp

Freedcamp - Project Management Tools - Edureka

Freedcamp is a web-based project management tool and organization system. It can be used by a single or multiple users who are collaborating using cloud computing. It’s an ideal tool for those people and businesses who want to stay in control of their projects, resources, budget, time etc. Freedcamp mainly helps you in improving your workflow, determining your targets and achieve your goals within the specified time and budget.

Key features of Freedcamp:

  • Streamlined File Editing: Directly edit files to save time and streamline workflow efficiency.
  • Smart Notifications and Email Integration: Enhance productivity with smart notifications and seamless email integration, ensuring continuous workflow management.
  • Secure Password Sharing: Safely share passwords among team members to facilitate secure collaboration and access control.

Pricing Details:

  • Free Plan: $0/month per user. Ideal for individuals or teams starting out.
  • Pro Plan: $1.49/month per user. Includes project planning and team collaboration. 14-day free trial available.
  • Business Plan: $7.49/month per user. Customizable platform for any team or use case. 14-day free trial included.
  • Enterprise Plan: $16.99/month per user. Advanced tools, analytics, and enterprise-grade support. Contact Sales for volume discounts. Includes a 14-day free trial.

9. ScoroScoro Logo - Project Management Tools - Edureka

Scoro is a comprehensive solution which integrates all the features that are needed in any project management software. Using Scoro, you can manage your entire company in one place i.e. it unifies your disparate systems and countless spreadsheets into a single tool. It is basically, a software-as-a-service solution for professional and creative services.

Key features:

  • Project Management: Streamline project delivery from quoting to cash, ensuring efficient project completion.
  • Quoting & Budgeting: Create proposals and estimate projects accurately, enhancing project planning.
  • Sales & CRM: Effectively manage customer accounts and track sales pipeline for improved client engagement and sales management.

Pricing Details:

  • Essential Plan: $26 per user per month (Minimum 5 users)
  • Standard Plan: $37 per user per month (Minimum 5 users)
  • Pro Plan: $63 per user per month (Minimum 5 users)
  • Ultimate Plan: Contact for pricing.

10. Microsoft Project

MS Project is a project portfolio management tool provided by Microsoft. Project_logo - Project Management Tools - EdurekaIt provides cloud-based and on-premise options. It also provides the integrated planning tools which help in organizing and keeping tab of projects, including daily tasks and overall direction.

Pricing Details:

  • Project Plan 1: ₹ 785.00/user/month
  • Project Plan 3: ₹ 2,355.00/user/month
  • Project Plan 5: ₹ 4,320.00/user/month

All prices are exclusive of applicable GST.

11. is a flexible project management tool that is well-known for its user-friendly interface and adaptable processes. It provides a platform for collaboration that helps teams to effectively plan tasks, track progress, and increase overall output. Because of its flexibility, project management can be carried out more efficiently and effectively across a range of industries and team sizes.

Key Features:

  • Dashboards: Obtain real-time insights to simplify decision-making.
  • Gantt: Visualize project milestones and dependencies.
  • Kanban: Prioritize tasks and balance workload capacity.

Pricing Details:

  • Free Plan: Free forever for up to 2 seats
  • Basic Plan: $8 per seat per month (Total $24/month billed annually)
  • Standard Plan: $10 per seat per month (Total $30/month billed annually)

12. Adobe Workfront

A flexible tool for managing projects, Adobe Workfront centralizes tasks, resources, and workflows. Together with features like task management, workflow automation, and comprehensive reporting, it improves collaboration and speeds up project planning. After being purchased by Adobe, it will be integrated with the Adobe suite, specifically in the Adobe Experience Cloud’s marketing and creative project management areas.

Key Features:

  • Work automation
  • Goal alignment
  • Scenario planning
  • Budget & expense management
  • Workflow management
  • Proofing & approvals

13. Smartsheet

Smartsheet is a dynamic collaboration and project management tool that is well-known for its adaptability and simplicity of use. It provides interfaces that resemble spreadsheets so that teams can plan, monitor, automate, and report on work in real time.  Because of its adaptability to a wide range of industries, it offers a platform that can be customized to meet different project management requirements.

Top features of Smartsheet Include:

  • Activity Log
  • Administration Controls
  • Attachments
  • API Access
  • Automation

Pricing Details:

  • Free Plan:
    • Cost: $0
    • 1 user, up to 2 editors
  • Pro Plan:
    • Cost: $7 per user/month billed yearly
    • Max of 10 users, unlimited viewers
  • Business Plan:
    • Cost: $25 per user/month billed yearly
    • Min 3 users, unlimited editors

14. Clickup

ClickUp is a unique project management tool designed to accommodate the various requirements of teams in different industries. Well known for its flexibility, it offers a wide range of tools and a programmable workspace that enable teams to work together productively, monitor progress, and complete tasks on time. With an array of features and an easy-to-use interface, it serves teams of all sizes with the goal of streamlining processes and increasing output.

Key Features:

  • Task Management: Customize tasks to suit projects of any scale.
  • Document Creation: Craft visually appealing documents linked directly to tasks.
  • Goal Tracking: Monitor work progress aligned with strategic objectives.
  • Visual Collaboration: Transform team ideas into vibrant visual collaborations on whiteboards.

The pricing details for ClickUp:

  • Free Forever:

Best for personal use

Cost: Free Forever

  • Unlimited:

Best for small teams

Cost: $7 per member per month

  • Business:

Best for mid-sized teams

Cost: $12 per member per month

15. Kissflow

Kissflow is an enterprise-level low-code platform made to work with a range of user roles, simplify workflow automation, and allow application development without requiring a lot of coding knowledge. This platform allows various business requirements, enabling teams to automate procedures, optimize workflows, and create unique applications that meet their unique needs.

Key features include:

  • Key features include:
  • App builder
  • Process builder
  • Boards
  • Governance
  • Integration

The pricing details for Kissflow:

  • Basic:
    • Starts at $1,500/month
    • Limited Features
    • Simple use cases
    • Internal users only
  • Enterprise:
    • Custom pricing
    • All Features
    • Complex use cases
    • Internal and External users
    • Private cluster available

16. ProofHub

ProofHub is a robust project management platform renowned for its user-friendly interface and comprehensive functionalities that enhance team collaboration and streamline project workflows across various industries and team sizes.

The core features of ProofHub Include:

  • Task Management: Organize and track tasks efficiently.
  • Gantt Chart: Visualize project timelines and dependencies.
  • Forms: Create and manage forms for data collection.
  • Project Templates: Access pre-designed project templates for quick setup.
  • Reports: Generate and analyze project reports.
  • Announcements: Share important updates and information with the team.

Pricing Details:

  • Essential Plan:
    • Starting at $45/month
    • Unlimited users
    • Core features included
  • Ultimate Control Plan:
    • Starting at $89/month
    • Unlimited users
    • Advanced features included

17. Clarizen

A powerful project management tool called Clarizen is intended to improve project execution and facilitate teamwork. It provides a number of features for effective project management and runs on the software-as-a-service (SaaS) paradigm. With Clarizen, users can easily switch between project and design views, attach CAD drawings to projects, and send reports via email.

Key features:

  • Community: Engage in discussions within Clarizen’s community.
  • Release Notes: Stay updated on new features and enhancements.
  • Training: Access guided tours for better platform understanding.
  • Product Documentation: Learn how to use Clarizen and explore best practices.
  • Reports: Review report and dashboard options, and set up Slide Publisher for PowerPoint integration.

18. Airtable

Airtable is a dynamic project management tool renowned for its efficiency in app building. It empowers teams to work swiftly and confidently by providing a platform that facilitates rapid app development and collaboration.

Key features:

  • Automations: Save time and increase productivity with automated actions.
  • Interface Designer: Craft personalized interfaces using your data.
  • Views: Customize data visualizations to align with your team’s requirements.
  • Reporting: Measure, analyze, and distribute insights effectively.
  • Apps by Airtable: Access a range of applications provided by Airtable for enhanced functionality.

The pricing details for Airtable:

  • Free: Free of cost
  • Team: $20 per seat/month billed annually
  • Business: $45 per seat/month billed annually
  • Enterprise Scale: Custom pricing, contact sales

19. Kanban Tool

Kanban Tool  is a visual project management platform aimed at enhancing team performance. It provides an online Kanban board tailored for businesses, integrating seamless time tracking functionalities to boost productivity.

Key Features:

  • Visual Kanban Boards: Use cards, columns, and boards that can all be customized to visually organize tasks and workflows.
  • Workflow Automation: Automate tasks, assignments, and status updates to streamline workflows.
  • Collaboration Tools: Use @mentions, file attachments, and comments to promote teamwork and communication.
  • Performance analytics: Monitor key performance indicators (KPIs) and metrics to assess and enhance the productivity and efficiency of workflows.

Pricing Details:

  • Free Plan: Limited features for up to 2 users.
  • Paid Plans: Typically start with more features and support additional users. These plans often include advanced features like analytics, integrations, and priority support.
  • Enterprise Plans: Tailored solutions for larger organizations with specific needs, offering custom features, dedicated support, and enhanced security.

20. Zenkit

Zenkit is a highly adaptable project management tool with an intuitive user interface and highly configurable features. It adapts easily to different workflows, giving users the ability to efficiently manage tasks and projects in accordance with their preferences.

Key Features:

  • Dashboards: Customizable dashboards with real-time data visualizations and over 10 widget types for tailored insights.
  • Advanced Reports: Access over 720 combinations for meaningful project insights through advanced reports.
  • Global Search: Effortlessly find anything within Zenkit using the integrated global search feature.
  • Shortcuts: Boost efficiency with keyboard-based shortcuts for quick item addition, mind map manipulation, label inclusion, and more in Zenkit.

 A concise breakdown of Zenkit’s pricing:

  • Personal: Free for personal use.
  • Plus: €9 per user per month (considered the most popular plan).
  • Business: €25 per user per month.
  • Enterprise: Offers volume pricing or demos upon contact.

These were the top 20 Project Management Tools in the market. There are more tools available in the market that are used in various domains.

Related Learning: Software Project Management (SPM).

How to Choose a Project Management Tool: A Step-by-Step Guide

  • identify what is needed specially for your team. Assess your needs for reporting, task tracking, collaboration features, etc.
  • List the features and functions that are absolutely necessary for your project workflows, such as time tracking, Kanban boards, and Gantt charts.
  • Select tools that are easy to use and intuitive. Make sure your team can easily adapt to the learning curve.
  • Consider what you will need in the future. Select a tool that can grow with your team and adapt to the changing needs of your projects.
  • Verify whether the tool works with the file types that are used in your workflow and if it integrates with other software.
  • Examine the price in relation to the features provided. While expensive tools might have more features than you need, free tools might not have as many advanced features.
  • Try out a few options using demo or cost-free versions. To determine suitability and usability, get team member feedback.
  • Make sure the tool meets any industry compliance requirements as well as the security standards of your organization.
  • To learn about actual experiences, read customer reviews and ask for advice from companies that are similar to yours or from professionals in the field.
  • Choose the option that best fits the requirements and work processes of your team after considering trials, user feedback, cost, and features.

Project Management Tools Features

Project management tools are usually defined by the different features offered. They include, but are not limited to:

Features Of PM Tools - Project Management Tools - Edureka

1. Planning & Scheduling

Planning and scheduling are important features of any Project Management tool. To manage and synchronize a team in a proper manner, it is very important to keep each and every team member’s tasks and responsibilities visible and distinct. A good project management tool will help you in effortlessly planning and assigning tasks to your team members, along with the due dates. It will also aid in setting priorities and deciding on the deadlines. Moreover, it will notify you each time your project nears the scheduled completion date but your activity is still incomplete.

2. Communication & Collaboration

Communication and collaboration with your team inside one tool without having to switch different screens and software are vital parts of any successful project. All project management tools generally come with a dashboard where the project manager can track the team as well as the project’s progress. Also, the team members can access each other’s work through the dashboard. Few other functions that are a must for collaboration in any project management tool include status sharing, commenting, tracking, version history etc.

3. Documentation

Keeping a manual documentation can be a tiresome task. Even with your best efforts, there is still a possibility of errors which is definitely not a good news for your project. Thus, the project management tools often include the functionality of documentation where all your project information is accessible at a single place. This information can include planned/ completed tasks, resource data, billing information and so on.

4. Resource Management

Optimizing the resources of a project can really cut down the completion time and cost of the project. Thus, an efficient resource management function within your project management tool can be really useful and convenient. With this, you get a complete overview of the whole project cost that is further broken down into various resource’s cost. These resources can be material, human forces, expenditures etc. So, using a project management tool you will be able to optimize these resources and manage all the project processes effectively.

5. Risk Estimation

Risks are something which you can never predict. Due to any unforeseen incidents (a natural disaster, recession etc.), your project’s task’s like duration, its progress, deadlines, budget, participants, etc might get influenced. A project manager must be able to calculate these kinds of risks, but if you are using a project management tool, it must do this task for you. Especially for the longtime projects, there can be a lot of factors impacting it. With the help of these tools, you can stay prepared for any risk that comes your way and handles such situations more precisely.

6. Reporting

For a successful project, you need to have a complete insight into the shortcomings and problems that require an immediate attention and solution. When you decide on your project management tool, you need to make sure it has two most important features which are insightful reports and Key Performance Indicator (KPI) dashboards. Also, with proper reporting tools, you can create customizable reports and collect all the previously inserted project data.

7. Baseline & Estimation

For a project, the baseline must be clearly defined at the very beginning of the project plan using which you can measure and compare your project’s progress. Now, a project management tool must have this functionality for a manager to compare a real-time state of things with estimation and analyze the deviations. There are various tools in the market that offer automatic baseline options, so while picking your tool, choose wisely.

Need for Project Management Tools

Advantages of PM Tools - Project Management Tools - Edureka

1. Standardized Approach

The project management tools guide the entire project development process in a standardized way. Using the tool, a project manager can organize the entire process with templates and other supervisions. It helps them to ensure that the projects are progressing in the way they have planned without getting derailed.

2. Monitoring

Keeping track of the project progress is very important, especially if it is of a long-term duration. Project management software specializes in this functionality and most of them provide a real-time task and activity progress tracking system. These tools help in tracking and monitoring various stages of a project. They can also predict whether the project will be able to meet the timeline, following the current pace. Thus, it is very useful with respect to timely completion and cost-cutting of a project.

3. Efficient Management

The project management tools provide a complete overview of the project which helps a project manager to align and prioritize the tasks. With these, a project manager can be more organized and systematic in terms of planning, scheduling, tracking progress, documentation, budget management, resource allocation, risk management etc. With project management tools you can easily stay within your scope & track the progress.

4. Effective Budget Planning

Budget is one of the major deriving force behind any project. Delivering a successful and timely project within the estimated budget needs lots of planning and control. A project management tool must help a project manager to get out of this predicament and plan a proper budget.

5. Optimized Decision Making

With everything available in a single place, the project management tools often lead to better decision making. As you have all the real-time parameters related to the task and activities of the project, the decision-making process becomes enhanced and accurate.

6. Better Communication

The project management tools establish an easy communication funnel not only with the internal project members but also with the external members, like clients and stakeholders. Using these tools, the information flow becomes clear and precise regarding any task or activity concerning the project.

7. Document Sharing

Document sharing is a vital activity within any project and with project management tools into the picture this task becomes effortless. It enables the project stakeholders to find more comprehensive documents, wireframes, specifications, etc., to ensure transparency and communication.

8. Enhanced Customer Satisfaction

With everything being done within the provided scope and budget along with the premium quality, the customers are bound to be satisfied. Efficient project management tools offer the functionalities which allow this customer/supplier relationship to carry on even after the project is complete and delivered. 

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