Business Plan Template: Cost Analysis

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WBPMS

Web based project management system

Web based project management software is the collection of programs, processes and information that is used to manage various phases of a project and that is accessible on the Internet. Project management entails processes such as scheduling, calculating a critical path, building timelines, creating task lists, managing resources, controlling documents and providing audit trails. Each of these processes can be controlled and sometimes automated through project management software solutions.

Web based solutions are coded in a browser supported language such as HTML, ASP or PHP so they can be accessed by clients through a web browser. One main software version is installed and maintained on a server so that more than one client can access this version.

What does project management software do?

At the most basic level, project management products will help your organisation to manage projects from start to finish, and allow employees at different levels to have an input into the process. Project management software has been around for a number of years now and as a result, it does far more than just manage the projects themselves.

Project applications can also carry out scheduling, cost control and budget management, resource allocation, collaboration, communication, quality management and documentation or administration.

The aim with these is to handle all aspects and complexities of larger projects and help keep costs down.

What do businesses tend to use project management software for?

As such, project software can help to determine which events depend on one another, how exactly they depend on each other, and what happens if things change or go wrong. In addition, they can schedule people to work on various tasks, and detail the resources – physical, financial or anything else - that are required, and this is called resource scheduling.

People also use project management software to deal with uncertainties in the estimates of the duration of each task; arrange tasks to meet various deadlines; and juggle multiple projects simultaneously, as part of an overall objective.

Customer Market-Segmentation

Collaborate on Projects

Employees are often assigned individual tasks that are a part of a larger project an entire team is working to complete. Project management software gives employees a way to collaborate on projects by sharing documents, timelines and status updates.

Delegate Tasks

As a business owner, you likely weigh the knowledge, skills and abilities of employees before delegating tasks to them. Use project management software to easily delegate tasks to the appropriate employees. By assigning roles in the system, each employee has access to necessary information and knows who they should contact if they have questions or concerns, or need information about a particular topic.

Stay on Schedule

Project management software lets project managers add a start and expected completion date to projects and tasks they include in the system. This information alerts employees to upcoming deadlines, allowing them to manage their time appropriately to complete tasks before or on the listed due date.

Track Projects

Keep track of the progress of projects with project management software. The software will let you know what's been completed, as well as by whom, and what still needs to be done. Employees can provide updates as to what they're working on and share their updates with the project manager and team members. The software eliminates the need for status update meetings and emails.

Provide a Snapshot

When training new staff members and introducing them to projects your company works on, project management software offers a snapshot of the project you can share to get new staff up-to-speed. The snapshot allows you to show employees the project from start to finish, give them background information and let them know how the project will move forward.

Communicate with Clients and Vendors

Project management software enables businesses to share and collaborate with clients and vendors in addition to employees. Companies using project management software can provide their clients with usernames and passwords giving them access to project files. Clients can give feedback, make edits and review progress. CNN

Money asserts that, because businesses need to be connected to vendors and clients, project management technology is essential.

Benefits to

Customer

Identified

Project management software benefits

 Easily manage your company’s projects

Get resources and finances under control

Bring project’s critical issues to your attention

 Track project evolution in terms of completion, time and costs

 Provide a clean way to break down your project, build schedules

 allocate resources and manage budgets

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