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Comparison of project management software

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The company you work for has grown in size in a very short time. Due to the scale and type of projects coming in, there is a need to adopt a project management software. You are tasked with researching the different project management software available and choosing three of the researched software to report on. Your report should analyze your research and selection process.
There are a number of characteristics to evaluate, including the ability of the software to support the development of schedules, budgets, resource plans, and monitoring reports. Include the following criteria in your report:
- Identify a set of selection criteria.
- Identify priorities for the criteria.
- Prepare a graphic or illustration which compares the evaluation of the software packages relative to the criteria.
- Explain the advantages and disadvantages of each software being reported.
- Conclude with a succinct and concise discussion for moving forward with a specific software.

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Project Management Software
PM Software#1: Basecamp
This is a web-based software used by millions to communicate and collaborate on projects. The software is highly recommended by customers due to its ease of use. It supports multiple languages and can be accessed from mobile ("Basecamp", n.d).
Advantages- Some of the unique capabilities or advantages of the software are:
• Easy to use
• Complete tracking at each phase of project enables identification of project flaws
• Easy integration with other software like time tracking.
• It is scalable to a number of open projects the company needs
• Affordability
Drawbacks: Insufficient managerial reporting, i.e. the ability to track profitability, time budgets, expense budgets, etc. by project or by client
PM Software#2: Hydra PPM
It is the only resource centric PPM tool designed to cope with problems that real people in real organizations face ("Hydra PPM", n.d). Hydra enables organization to deliver more projects with existing time and budget. It can be quickly installed and is easy to use.
Advantages- Some of the unique functionalities of Hydra PPM are:
• Capacity Planning: Users can get a high level view of future workloads based on which it is easier to ...

Solution Summary

The solution provides a comparison of three PM software and recommendations. The selection criteria set is identified and prioritized. The advantages and disadvantages of each are determined.

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Must use at least textbook (Brown, K. A., & Hyer, N. L. (2010). Managing projects: A team-based approach. New York, NY: McGraw-Hill/Irwin) as a source material for each response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

1. What are the variables that must be considered when developing a project schedule? Give a short explanation of how they impact the schedule development.
2. How does the development of project software compare to other methods of scheduling. What are the benefits of using project software? What are the downfalls of using technology in this manner?
3. The textbook gives examples of successful scheduling. What are the benefits of having a schedule for a project?
4. Multitasking has become the norm in our everyday society. Why is it important for a project manager to be aware of multitasking during a project? Do you think there are benefits to multitasking? Explain your answer.
5. What is the "crashing" procedure? Use an example from your own project experience to help identify the steps.
6. What are factors and decisions that need to be considered when comparing crash costs and the trade-off?
7. What is the importance of scheduling and possible reasons for schedules to be modified during a project's duration? Give an example from your own experiences where this came into play.
8. What are the dimensions of project closure? Do you feel any of these factors play a bigger role in closure? Explain your answer.
9. Compare and contrast the three methods of continuous learning during a project.
10. What are the steps for a project change to be implemented once the tools have validated concerns for the project?
11. There are several phenomena listed in the textbook that can potentially affect a project. Choose one, and explain how you, as a project manager, could be aware and prepare for the possible effect of its impact on a project.

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