Key features of every project management tool include the following:
Task management: This can create, assign, and track the tasks performed, as well as establish deadlines with prioritized work while keeping the proper flow in the running project.
Collaboration tools: Helps team members communicate, share files, and see who is moving in one direction in real-time.
Scheduling and tracking time: This helps plan and track the project's timelines and what is happening to ensure milestones arrive on time.
Resource Management: It deals with managing the actual allocation and availability of team members, equipment, and other resources for the effective execution of a project.
Progress Monitoring and Reporting: Dashboards and reports are offered to monitor project performance, track key metrics, and identify areas of potential risk.
Risk Management: It helps pinpoint and assess risks that can have an impact on staying on track or failing in the execution of a project.
Integration Capabilities: The ability to integrate with other tools, such as email, calendar, or even financial software, to streamline and improve workflows.
Customization: Allows users to make the workflow, views, and features suitable for any team or project
Budget and Cost Control: Tracks project expenditures, including cost forecasts, and ensures that the project will never go above budget.
User Permission and Access Control: Manage who can read, edit, and approve different parts of the project, ensuring it is secure and others get what they ought.
This helps teams stay highly organized and on track for the entirety of a project's lifecycle.
