Project management software is a computer program that enables project managers and other team members to commence, plan, implement, track, and deliver projects of all sizes and kinds. Project management software has been created to plan and store project responsibilities and events, arrange agendas and deadlines, address project problems, allocate and manage project-related expenses, set up association and support among project members, manage quality, bring together project teams, and manage human resources as well as project updates. The best project management software allows businesses to manage their projects through all the phases of the project lifecycle, right from project ideation and commencement to project implementation and conclusion.
360Quadrants has released a quadrant on best project management software to help businesses make quicker and more informed decisions. Ranking quadrants are generated post analysis of companies (product portfolios and business strategies) and will be updated every three months based on market and regional analyses and developments in the project management industry. 360Quadrants conducts an in-depth SWOT analysis that helps service providers learn about new opportunities and areas where they lag behind their peers. It also helps clients choose the most appropriate vendor for their requirements.
360Quadrants evaluated 45 companies in the best Project Management Software market, out of which 18 were categorized as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
Asana, Smartsheet, Wrike, Airtable, Zoho Projects, Trello, Basecamp, MeisterTask, ClickUp, Teamwork, WorkFront, Aha! and Monday.com have been identified as Visionary Leaders, as they have established product portfolios and a robust market presence & business strategy.
Proofhub, and Teamleader have been identified as Innovators, as they have focused product portfolios and innovative business strategies.
Redmine has been identified as Emerging Companies, as they have niche product offerings and decent business strategies.
Flow, Freedcamp, EasyProjects and Thrive have been recognized as Dynamic Differentiators, as they are largely dependent on their competitive R&D activities.
Top Project Management Software market will be rated using the following methodology:
A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).
A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and Company Maturity.
Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.
Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage or sector footprint.
Approximately 20+ in-depth parameters will be considered for research into the Project Management Software market. These parameters will be updated every six months to ensure the latest developments are taken into consideration.
A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:
Buyers
Industry Experts
360Quadrants Analysts
Vendors (Competitors)
The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
After the finalization of ratings, each vendor is placed in the most relevant quadrant based on their score.
360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.
360Quadrants will also be launching quadrants in fields like Accounting Software, Human Resource Software, and Virtual Machine Software.
Interactive Interface – Squish allows users to stay up to date with all information as the tool provides updates automatically when needed. It allows users to manage and change status from the project home page itself. It provides access control so users can choose who gets to view or edit/modify the data.
Sheldon is a project and resource management tool for small and medium-size companies. Sheldon Project Management Software also provides financial tracking. It helps users visualize data and make better decisions. It uses advanced machine learning and artificial intelligence to provide users with accurate and detail analysis and predications. It has a simple and easy to use interface.
Asana project management solution is designed to make work management simple with everything is placed in a single place so that no valuable time have been spent on fostering relations and meeting project success is lost. Asana helps project managers keep their data and teams organized and connected. Users can monitor tasks, sub-tasks, projects, milestones, task assignees, dependencies and due dates.
Freedcamp is a web-based, mobile and desktop project management and collaboration tool that offers free services to organize and collaborate work effectively. It offers services to an unlimited number of users, files, and projects without any charges. This platform provides tools for task setting, schedule events on a calendar, discussion, set milestones, use discussion boards, time tracking and many more.
Flow is one of the leading modern task and project management solutions for teams.It is available in a subscription-based pricing model with per-user monthly or annual billing. Support options include support articles, video tutorials and email. The integration of the software with multiple tools allow one to create tasks and subtasks. It allows users to visually organize their projects with top-down project management and in-depth task tracking. Each dashboard provides assigned tasks with its related conversations and documents. Flow project management software is an all-in-one tool that helps coordinate all of your team’s work. It brings together your tasks, projects, timelines, files, and conversations, and integrates with your favourite tools, to help you achieve more together. Flow is available on web, desktop, ios and android.
Task Management- Zoho Projects Management Software makes task management easier. It let’s project managers to track all the tasks ongoing in the project. Project managers can assign tasks to their team members and manage them by setting time lines along with prioritization of tasks. The software also helps managers to add milestones in the project workflow & set responsible management for those milestones. It also comes with kanban board for representing tasks in defined format.
All solutions for project management are not similar. For creative professionals certain agile project management methods are fine. Others are project management tools explicitly for advertisers. While some, including building project management tools, are oriented towards the complexities of vertical industries.
Basecamp is a cloud-based online project management tool that is focused on developing a simple interface. With Basecamp, the users can create projects, document progress and manage tasks. It is real-time web-based communication software that helps teams stay on the same page. Basecamp offers to-do-lists, a schedule, calendaring, due dates and file-sharing, manage the message board, keep track of priority tasks and actionable items, upload documents and files, add people to the project for communication, message and chat with your colleagues, and many more. Basecamp project management app can be accessed in your browser and from mobile phone.
Asana is a web and mobile application software that help business teams to organize, track, and manage their work. Asana project management tool is a cloud-based software solution that helps the businesses to create, collaborate and coordinate the projects with great clarity and admirable ease. Asana is designed to make work management simple with everything is placed in a single place so that no valuable time have been spent on fostering relations and meeting project success is lost. It simplifies team-based work management. Asana project management software integrates all work on a single shared platform and that can be accessed in one click.
Task Management – Apptivo uses an interface that enables users to create Gantt charts that showcase the progress and keep track of various projects. Users can also customize their views of charts as per their needs and requirements. It helps users identify interdependences in projects so that the user has a bird’s eye view of all projects in the pipeline. Timesheet Tracking – Timesheet tracking allows users to monitor the time spent on an activity and estimate the completion rate of the project. It also monitors billable tasks on any client requests and time spent on those tasks. It acts as a workflow tools for managers to approve and assign tasks for quick turnarounds.
Airtable is a cloud-based project management and collaboration tool that provides a single and centralized platform to manage projects, customers and ideas for content pipelines, product management, events planning, user research, and more. Airtable Project Management Software is primarily focuses on prioritize data collaboration and organization. It uses a spreadsheet format to organize the data and related data can be linked together for further use. It is compatible with multiple devices and users can add and remove data, attach files and share tables. The users can track who is making changes to a document and a chat tool allows users to chat each other while working on tables.
Project management software is a software which is used for various purposes in a project, such as planning, scheduling, resource allocation, and change management. It allows project managers, stakeholders, and users to control costs and manage budgeting, quality management, and documentation and can also be used as an administration system. It is an online system for collaborating and working on tasks in organizations.
Project management software helps project managers and other team members associated with projects, to plan, manage and deliver projects of all sizes and kinds.