Having a Project scheduling tools, also known as project management software, are designed to help you organize and manage projects more effectively and efficiently without all the manual labor. There are many different types of project management tools — some are basic organizers, while others help to plan and track all aspects of a project. You will find MS to be popular as its designed to fit all project sizes. However this tool might not be fit for a customized project, so recommended to research before you purchase.
There are many advantages and disadvantages overall –
One of the most important role in a successful project is communication, the software acts as an effective communication tool among the members of the project and organizes the information on real time. It also creates a forecasts and a tracking method for budgeting purposes. Project management software generally includes tools that can assist in managing project costs and provide the information in a format where all can understand. So you can controls the costs and update everyone with actual numbers automatically and everyone is on the same page. It contains a quick access to data in which can be easily shared to anyone with access. This eliminates the employees from working long hours and utilizing endless spreadsheets. This tool provides a flexible report types in more than one format with available training if needed.
However there are disadvantages you may consider, especially if you are tight on the Project budget and do not have room to risk a hiccup in selecting a specific software. For instants, the software can cost more than what you are expecting, many say it’s not recommended for small projects. You might find yourself selecting a tool that later does not provide exactly what is needed. You might have too much of a customizing requirement to complete the task that later will result in purchasing multiple software programs. Other than the cost, the only other disadvantage can occur if you have a team that is not computer savvy. Using a high end tool can complicate a small project.
I recommend reading all the reviews of each software before considering any.
http://www.softwareadvice.com/project-management/microsoft-projects
