What is SaaS Project Management Software?
SaaS Project Management Software is used by managers, employees, administrators, and teams in tech, fintech, and other types of organizations that sell software-as-a-service (SaaS) products and services.
Project management software, generally, is enables organizations to help manage project tasks, goals, and general communication and coordination.
Project management solutions help accomplish project necessities through a range of tools to help split up resources, gauge productivity, manage team and individual workloads, and divvy up tasks.
The software can be used to track several projects, monitor team output, allow various stakeholders to track progress, and enable communication among team members.
Project management tools are widely used in all industries that involve organizations managing projects and their associated tasks over a time horizon. Tech companies widely use them to manage various initiatives.
Project Management Software vs. Task Management Software vs. Project Portfolio Management Software
Project management software is related to task management software, but differs in important ways.
PM software enables the management of individuals, teams, projects, and productivity. Task management software is used to breakdown project components, outline individual or team tasks, provide timelines and expected due dates, and enable self-management.
For organizations with a larger number of projects that are otherwise similar in scope, Project Portfolio Management Software may be a better fit.
SaaS Project Management Software features
For inclusion in the SaaS project management software category, a product should:
- Outline project plans and breakdown individual and team work structures
- Allocate organizational resources based on demand and availability
- Support various project management methodologies, including agile, kanban, and waterfall
- Establish project budgets and provide running comparisons among actual costs and spending
- Provide project templates that can be altered or combined to establish new projects
- Support communication channels and manage interdependencies
- Allow users to update tasks
- Change project views, such as calendar view, customer view, partner view, etc.
- Monitor progress and productivity of individuals and teams
- Manage resource utilization