Important Uses of Project Management Software

Project management (PM) software tools aren't new to companies that want to change how they do business. However, project management statistics show that only 23% of businesses use software for project management. And 35% of project managers still use MS Excel to make resource plans, which isn't a bad thing.

In part, this is because project managers don't use it. They don't have real-time access to project KPIs. Thus, they aren't as quick as they could be when they face problems. It was found that if management takes more than five hours to make a decision, 22 percent of the time, it doesn't work. Also, there is a 53% chance that unsatisfactory projects will be finished.

There is no better way to make a decision than with the help of data, especially in today's very fast-moving market, where things change so quickly.

It's also not just a coincidence that 77 percent of high-performing projects use project management software to help them work well. This is because project management software lets people think about four main things together when they make a choice.

Scope. What this word means is how big the project is and what the goals are. It's the connection between the goals that need to be met and the money that will be used to reach those goals. If there are any changes made to the scope, it's important to also make them in the other parts of the project, especially when it comes to time, budget, and resources.

Resources. People, material, and equipment are all part of it. It's important to make sure that the right number of people are working on a project, and that they have the right skills and knowledge to help them do and finish their jobs. Next, your team needs to get the right materials and equipment at the right time and in the right place.