Today’s project management landscape is shifting constantly. Thanks to the increased emphasis on reporting, efficiency and newfound stress on the IT industry, project management in 2018 is radically different and advanced than it was back in 2000.
With the rapid changes in the project management role, it has now become easier to track down factors that negatively affect a project and to ascertain the loss caused to a company.
Even though 97% of companies in U.S. totally believe that project management is highly critical to organizational success and business performance, 80% of the project management managers are not even sure if their projects actually align with the overall business strategy.
While the core purpose of project management is to help the organization to approach projects in distinct and measurable stages in order to meet expectations, deadlines, and budget with the least number of issues and risks; nothing is fully achievable without the assistance of an efficient Project Management Software.
In fact, the term ‘Project Management’ itself refers to all the tools and techniques that are required to deliver business projects on time and successfully. Business projects comprise of stakeholders, their goals and visions and the resources needed to achieve that goal. From a business perspective, project management is the key to ultimate success. It includes methodology, technology and all the resources that help in project completion.
Project management software assists managers to keep the cost under control while hitting deadlines. It allows delivering the committed projects. Efficient project management software actually comes into play to assist in the realization of the many benefits listed below. When you incorporate a built-in solution and tool to streamline and automate business activities and tasks, it allows you to;
All of these benefits are easily achievable when you incorporate efficient project management software comprising of several high-level bucket features. Among them;
There are many big companies using project management software, including HTC, Amazon, AT&T, MTV, Hawaiian Airlines etc. This shows that almost every kind of business industry use project management software. However, some of the enterprises rely much heavily on PMS than others.
For instance, service providers, consultants, and marketing agencies generally use project management software for all of their clients’ projects. This is because any company that serves clients need to have a tool to track, estimate, deliver and get paid for rendered services. They need management solutions that would allow them to maintain high-quality work, keep clients engaged, fuel creativity and make clients satisfied.
There are countless famous project management tools out there.
Different software tools come with different functions to address specific project management requirements like time tracking, visual timelines and Gantt charts, team reporting, budgeting, to-do lists and calendar, milestones and scheduling, document management, file sharing and much more.
Similarly, some project management software offers a complete end-to-end management solution with a range of tools to perform common functions of project management. All of these tools are designed to simplify difficult processes, automate redundant tasks, offer real-time metrics and reporting, support instant communication from devices, store and manage documents on the cloud, monitor inventories and assets, accurately track work hours, among others.
This allows managers to focus on delivering the project and lead the team while leaving the heavy lifting to front-end and back-end project management software.
Traditionally, project management software used to help managers to perform different functions such as managing project cost, scope, and resources. But now modern software provides a lot more collaborative tools. All these tools are designed to cut down wasted time including the time spent searching for data and files and time required for manually updating timetables and schedules.
Modern software tools help to communicate effectively and in real time, share files and to make sure all the team players work on the same page. They also ensure that the entire team uses only one method to track tasks, time, expenses and various other budgeting items like invoices and others. This allows teams to perform creatively and within the given framework.
With the onset of popular cloud-based PM software, companies don’t need to stick to just one physical location. It has become easier to work as a team being dispersed across multiple geographies. This also includes retaining the same updates, access and collaboration levels. For instance, Software as a service – SaaS – facilitates teamwork along with client satisfaction, project delivery and repeat business.
Last but not the least, a project management software helps to automate processes and offer a central hub to efficiently manage tasks, resources, schedules, communication, and projects. When all of this information lives in a single system, it provides you with a great opportunity to execute progress reports on daily, weekly, monthly or even quarterly basis
A project manager uses project management software to facilitate the project delivery. The implementation of project management software involves people, processes, products and each of them offers their own variables and components. That is why a project manager must look out for the following factors when implementing the system.
Make sure that you are incorporating project management software and not just a task management tool. A task management tool is limited in terms of functionality. On the other hand, a complete project management solution gives you a wide range of features and functions for tracking resources and work time, collaboration, planning, scheduling, monitoring, budgeting, assessing risk along with managing and automating tasks etc.
Your organization or business process dictates the software solution that you need. When you understand the operating activities and procedures of your organization, you can select the matching product. As we know, projects are divided into stages, just like an agile approach, and these stages are achieved through set processes and tasks. Thus, your project management solution must be able to assist you in implementing these processes accurately, quickly and efficiently.
Only implementing project management software will not be helpful in achieving your business objective but with that, you must also hire the right team with the right competencies and skills. You can do it as you deem right i.e. you may train your existing staff to operate the implemented system or you may outsource remote workers who hold the proper skillset. While it is imperative to complement processes with the product, it is also important to compliment people with product.
Once again, you must handle the rolling out stage with the perspective of change. When you introduce a technology solution such as PM system to a company, especially for the first time, it can be quite disruptive and may face resistance. Here are some smart tips for an efficient and smooth roll out.
Remember successful implementation of a project management solution doesn’t happen overnight. It takes time and needs you to be persistent and consistent. You will realize the returns as soon as you have the management and people on your side.
Following are the latest trends in project management.
Automation has now become a standard in project management. This is particularly true with the tools, used for creating documents and forms, visualizing reports and timelines, organizing information and analyzing data, scheduling tasks and preparing budgets and proposals. Machine learning and AI are now increasingly applied to various automation features of project management solutions. This is to tackle redundant tasks with minimal manual intervention.
Subscription based services and SaaS models have sprung up with the hosting of more software solution on web-based and cloud platforms. Needless to say, prices are now reduced and gone down to reasonable levels whereas the tools have become more powerful and flexible. This has alleviated the need for difficult installations, maintenance, set up and updates.
The internet has reshaped today’s workplace by connecting everyone. Now people don’t really need to go to their workplace and organizations don’t need to hire staff to complete projects. Following the direction and instructions of a project manager, business projects are worked on as well as delivered by different remote teams present all over the world. Thus, the demand for virtual workers has significantly spawned job marketplaces like different freelance platforms.
With the increasing number of the project management software, the project plans, as well as requirements, will become more visual, leaner, and be updated constantly with more learning. Project managers will introduce and welcome changes that are likely to add value. On the other hand, projects will get simpler, smaller and a lot more manageable with fewer amounts of features.
Moreover, the success of the project will easily be determined by evaluating the value gained by the consumer and the earned profits of the company.
So help your business to add more value by incorporating project management software. You may go with a single tool or multiple tools for various activities. However, the all-in-one project management tool comes with better reporting capabilities and allow you access the entire project data in just one place.
If you’ve selected the most suitable PM software for your business, don’t forget to take the assistance of a reputed team of experts to implement the process.
I have worked with CodeIT for over a year now on a complex application development project and they have been excellent. They have been flexible with scaling resources up and down as I’ve needed it, their project managers have been extremely responsive and I hear from them every day and never have to wonder where they are as I have with past outsourcing projects. Highly recommended if you’re considering outsourcing software development.
I posted this project and within minutes guys from CodeIT bid on the project. I asked a few questions through Skype to feel confident that they could do the job. I felt comfortable with the knowledge and skills and accepted their offer. I am usually hesitant to hire from offshore. Not because of the work quality but, usually the language barrier and working hours. Guys from CodeIT was available during NY working hours and after pre-screening on Skype, I could tell they know English well.
CodeIT has been working for us for one and a half years. We are ending the project now because it is complete. CodeIT built our platform from scratch and also provided further development and support for the rest of the contract. They are very strong in several areas: back-end development (specialising in Zend Framework); front-end development; server administration; project management. Their project managers speak excellent English and are courteous and professional. Their developers are fast and skilled, and up to date with the latest technologies. Their expertise helped us to build a highly reliable website which can serve a heavy load of traffic. Finally, they are all very nice people, and I cannot recommend them highly enough.
This was our first project, and I am so happy that it had a smooth run and a successful resolution.
I sincerely hope that this is just the first step in our long and mutually amiable partnership.
Thank you CodeIT team for being so thorough and professional.
This was the biggest project I’ve made so far and CodeIT helped me and our company through it in a perfect way.
Working with one very skilled project manager and multiple developers and testers with him made our project fly in a very short period of time, and with a super high quality!
I wanted to personally thank you for your hard work on this. Working with CodeIT turned out to be a really pleasant experience for us.
Since the beginning, your team seemed to be really well structured and everyone understood its role and responsibilities.
Also, the quality of the work CodeIt delivered was exactly what we expected it to be.
This really facilitated our daily work and help us to keep the client happy.
I hope this first experience working together help us to build a long-term partnership.
Collaboration with CodeIT gave my business great prospects for its expansion and scaling. Together with CodeIT professionals, we grew our product line from three to fourteen products within only one year. I can rely on these guys to get a high-quality product on time.
Feel free to contact us. We will answer all your questions and provide you with fast and thorough feedback.