Did you know that less than a quarter of businesses uses project management software? As a result, half of all businesses say that they spent at least one whole day manually compiling project management reports.
These statistics alone show that project management software can save your business a huge amount of time. It also has the potential to put you ahead of your competitors who are still missing out on all the benefits that this software has to offer.
Just what are those benefits?
Read on to learn more.
1. Less Time Planning, More Time Doing
As we have already seen, one of the major benefits of project management software is the time it can save you.
Not only will you save time preparing reports, but you can also take advantage of the automation features of the software when it comes to scheduling. The time that you save can be put to better use elsewhere in your business.
That means that the cost of your software will be far outweighed by the savings you can make.
2. Cut Down Bottlenecks
It’s not always easy to spot a bottleneck in your project until things start to grind to a halt, slowing everything up and throwing your timescale out of the window.
Project management software is ideal for spotting where resources will be tight and helping to manage them in the most effective way.
3. Improved Collaboration
Collaboration is the key to any successful project. Project management software is designed with collaboration at heart.
Users are able to collaborate on projects through the software, including the ability to discuss project tasks, collaborate on timelines, share outstanding tasks, and more.
Even something as simple as creating a Sharepoint list can help your project flow more smoothly.
4. Budget Management
Have you ever experienced that sinking feeling as a project budget spirals out of control?
Project management software allows you to track your budget in real-time, comparing your planned spend against your actual spend. You can also more easily find those black holes that are sucking up all of your budget.
5. Real-time Reporting
If you spend a day collating a report, then by the time anyone sees it, that report is already out of date.
Project management software allows you to generate reports in real-time. That means you’re never having to play catch up with out of date information; you can see what’s happening with your project as it happens.
Are You Looking for Project Management Software?
If you don’t already use project management software, then you should start looking for some now.
As you can see from the list above, the benefits project management software offer can make a big difference to your business, and this is by no means an exhaustive list. Try out some of the software options today and see the benefits for your own business.
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