Project Management Software Research Paper Example | Topics and Well Written Essays - 250 words

Project Management Software - Research Paper Example Finally, it is significant that project associated risks are proactively recognized, mitigated and documented (Robb, 2009). A project manager should complete the risk assessment at the start of the project and assign risk ownership correctly so that, at the period of contingency, the risk owner takes the required procedures to lessen the dangers (Robb, 2009). Project management software is capable of planning, organizing, and managing resource pools and creates resource estimation (Robb, 2009). Depending on the complexity of the software, resource comprising of planning and estimation, scheduling, budget management and cost control, resource allocation, communication, collaboration software, decision-making, documentation and quality management or administration systems. The software also permits users to manage, track and control the mid- project status report of project, which will give insight to the sponsors regarding the progress (Robb, 2009). Finally, project management software can give information to diverse sponsors. The information can be used in measuring and justifying the level of effort needed to complete the