Project management software continues to improve business functionality

Newest innovations in project management software are making it easier to accurately and efficiently track the time and expenses of each project

Project management is one of the most important roles in the business world. After all, if someone wasn’t overseeing the development and implementation of each new project, it is highly likely that many tasks would never be completed. It is necessary to remember that bringing a project to fruition involves the input and work of numerous people or departments. The project manager is typically responsible for tracking all of this work and ensuring that everything is headed in the right direction. To make this process easier, project management software has become extremely popular.

The general purpose of project management software is to make it possible to keep all of the vital information in one place. In other words, the project manager should have the ability to review each person’s goals, along with everything that has already been completed. Having this in one platform is definitely easier than tracking details in multiple spreadsheets and other reports, so it is no wonder that the business world has so readily embraced this type of software.

Statistics indicate that 77 percent of all companies use project management software. Industry surveys have also pointed out that the number one way that this tool improves business functionality is by making it possible to more accurately and efficiently track the time and expenses of each project. When you consider the fact that wasted time costs U.S. employers a combined $134 billion every year, it becomes easy to understand why businesses want to get an accurate look at the amount of time that is being spent on each project.

As companies continue to flock to project management software, businesses that make these solutions grow and expand their offerings. For example, WorkFlowMax connects to 32 software add-ons as part of their integrated platform. This stands apart from other options because it removes the need to use multiple types of software to bring everything together. Therefore, it is fair to assume that the future of project management software will include a much bigger emphasis being placed on even more integrative options.

Microsoft recently released a free app called Planner that has some integration with their other business related software such as Outlook and OneNote. Planner is one of the very few new apps that Microsoft’s team has developed internally within the past few years instead of merely acquiring their potential competition. It remains to be seen how well this particular venture will work for the tech company, but they are clearly hoping to compete with big names such as Asana and Trello. So far, Microsoft has succeeded in getting the Cascais, Portugal, government to switch to Planner for all of their project management needs.

Although all businesses can benefit from project management software, it has become imperative for those that do a lot of their work online. This is especially true for companies that have a large amount of telecommuting employees as it simplifies the process of keeping everyone on the same page. Therefore, it is not surprising that this software becomes more popular in the business world each year.

What may be surprising, though, is the fact that even creative individuals are beginning to turn to this option as a way to boost their productivity. Ultimately, the enhanced functionality of project management software may eventually be tweaked to help people more effectively manage many aspects of their personal and professional lives, including the tasks that are required to complete projects such as an Eco-friendly home renovation.

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