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It will be helpful to rank projects against each of these criteria separately and then compile a single ranking that weights each of these criteria against each other. This ranking process is typically used to feed quarterly budget decisions but may be requested at any time.

There are numerous advantages to project management software. Project management has come a long way from a pencil, sheet of paper and a methodology to what is available today in our technologically advancing world.

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By using project management methods, organisations can gain control over the running of projects and make sure that they are keeping on track and within budget. Project deliverables need to be managed effectively so that no one loses track over what is happening. One failed project may not seem like a lot to a company, however when we are talking about large organisations with multiple, complex and on-going projects, project management is vital.

Project management software tools allow companies to become competitive in their environments, optimising time and effort and keeping project on track. They are used for planning, managing time, resources and people, controlling costs and monitoring project progress.

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