What are some of the advantages of project planning tools?
Project planning tools take the guesswork out of the decision-making process allowing a manager to make use of the resources at their disposal to the maximum capacity. We can say that for a project manager to make better decisions and schedule, the use of project planning tools would provide the following benefits:
BUDGET
Being able to adhere to the budget while scheduling tasks allows
manager freedom to make the forward decision much quicker. It also
lets them align the activities based on their required values and
scope.
COMMUNICATION
A project planning tool allows active collaboration and
communication between the manager, the project sponsor and the
different stakeholders who are affected by the decisions of the
project Since their engagement and input becomes an important
aspect to understanding the process.
SIMULATIONS
Project planning tools and software incorporates simulation as part
of their offering, allowing a manager to run simulations to check
the capability of their schedule and baselines values better.
KNOWLEDGE CONTROL
When we consider the data required by the manager and the different
departments in the organization, we can say that a project planning
tool can easily integrate with the ERP system of a company allowing
more natural flow of data between the project planning process and
the other departments of the organization, allowing for a seamless
process.
TIME, BASELINE AND PERFORMANCE TRACKING
Project management software allows a manager the ability to track
the baseline values, manage the resource utilization, track the
progress as well as make decisions even after the project has
started allowing them a better understanding of their current
performance with regards to their planned value and in alignment
with the scope of the project.
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