Project Management Software Quadrant Highlights

1. Top 20 Best Project Management Software – By360Quadrants Project management softwareassists project managers and teams fulfill customer requirements and manage time, budget and limits on applicability. However, with several choices available, it can be challenging to choose the right tool and customers may not know where to start. Online project management software is now utilized by many small to medium-sized companies throughout various sectors. This kind of program utilizes cloud-based technologies which are provided as Software-as-a- Service (SaaS) through application serviceproviders. 360Quadrants, the most granular comparison platform, has released a quadrant on Best Project Management Softwareto help businesses make quicker and more informed decisions. 360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months based on market and regional analyses and developments in Project Management Software market. 360Quadrants also list the top 10 best Project ManagementSoftware. 360Quadrantscombines inputs from various industry experts, buyers, and vendors, and conducts extensive secondary research inclusive of annual reports, company press releases, investor presentations, white paper, and various directories and databases in order to rate the companies in every quadrant. 360Quadrants conducts an in-depth SWOT analysis and accurately analyses the companies considered for evaluation. This helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for theirrequirements. Project Management Software QuadrantHighlights 360Quadrants covers 45 companies evaluated in the Project Management Softwarespace which can be categorized as Visionary Leaders, Innovators, Dynamic Differentiators, and EmergingCompanies. Asana, Smartsheet, Wrike, Airtable, Zoho Projects, Trello and Monday.com have been identified as visionary leaders as they have established product portfolios and a robust market presence and businessstrategy. Oracle, SAP, Apptivo and Workbook have been identified as innovators as they have focused product portfolios, but a mediocre businessstrategy. Linkd, Teamwork, OpenProject, Redmine, Nifty, Squish and Breeze have been identified as emerging companies as they have a niche product offering but poor businessstrategy. Flow, Orangescrum, Float, MeisterTask and Swit have been recognized as dynamic differentiators as they are largely dependent on their competitive R&Dactivities 360 ScoringMethodology Top Companies in Project Management Softwarewill be rated using the following methodology- A highly experienced team of researchers and senior analysts conduct extensive research to generate a list of vendors(competitors).

2. A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturity and CompanyMaturity. • Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impacton • customervalue. • Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage or sectorfootprint. • Approximately 20+ in-depth parameters will be considered for research for the Project Management Software market. These parameters will be updated every 6 months to ensure latest developments are taken intoconsideration. • A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority givenbelow: • Buyers • Industry Experts • 360QuadrantsAnalysts • Vendors(Competitors) • The inputs are analyzed, and a final rating is assigned to each vendor(competitor). • After the finalization of ratings, each vendor is placed in the most relevant quadrant based on theirscore. • Challenges of ProjectManagement • Challenge #1: Keeping Teams on the SamePage • Managing a broadly distributed workforce poses a big obstacle for project managers. Holding the teams on the same level will interactively get items to pass. Every part of the team should realize precisely what’s going on, what they need to do and what they are workingfor. • Solution: Each project has a timeline and a team that works for that task. Stay on top of the timeline and understand what deadlines are coming up to. Understand who is working on what portion and receive notification of activities moving from one point to the next, keeping things inbalance. • Challenge #2: Inadequate/poorcommunication • There is always an issue when there is a lack of awareness, however there is a problem when there’s toomuchinformationgettingaroundandthingscan’tbeevaluated.Itleavestheteamunsurehow • to put their efforts intoit. • Solution: Use project management software (PM) to consolidate paperwork, and gather all interactionmostlywithproject.Thisprovidesatransitionaudittrailandimprovesaccountability • through the prioritization ofactivities. • Challenge #3: Inaccurate task timeestimates • People appear to overlook the expense, time, anddanger while overestimating benefits even if they • have the opposite experience. When teams and leaders fail to account accurately for the time needed to perform different tasks, it leads to time overrun of the project. Estimates of incorrect work time are also a result of a much bigger problem of leaders struggling to grasp the best usage of capital or the level ofefficiency.

3. Solution: Project Management software can help in tracking of time and it also helps in eliminating the guesswork of the time estimates for a project to be completed. Due to this, task time estimates will be accurate and the companies will be able to identify the bottlenecks. Thresholds can be implemented for the team to get task completed ontime. Challenge #4: Poor workflowmanagement Workflow planning is a vital planning component which facilitates the management of change when projects differ from proposed ideas. Workflows help to create clarity and enhance transparency, as teams know what they are accountable for, who signed on to it, and where it goes next. Failure to create workflows contributes to implementation inconsistency, as well as inadequate coordination. Solution: There are different tools that can be used to map business processes and the project schedule of a project, as well as solutions that help automate the workflow stages. The software for project management would include functions for workflow configuration, process approval control, and taskmanagement. Top Free Project ManagementSoftware All solutions for project management are not similar. For creative professionals certain agile project management methods are fine. Others are project management tools explicitly for advertisers. While some, including building project management tools, are oriented towards the complexities of verticalindustries. The best method for any user is largely based upon the workflow and preparation paradigm of the team or organization. The summary that is outlined here contains any project managementsoftware with some free offer. They will only support one individual or one initiative but they are services that are completely safe. However, scaling also requires maximum expenditure. Some of themare: Trello Asana Smartsheet Wrike ClickUp monday.com Airtable Teamwork ZohoProjects Aha! UpcomingTrends It is reasonable to look back at the major trends that have influenced the project management indus try over the past five decades, such as the globalization of discipline and the eruption of methods, te chniques and practices used in projects. Thinking forwards, new developments begin to evolve, but many of them already have a major effect on how project managers are doing their job. Some of the trends are asfollows: Constantly Changing DigitalTechnologies Importance of ChangeManagement Risk Management have higherimportance Increased OrganizationalCollaboration Shifting, Globalized GigEconomy Greater Focus OnData Growing Importance Of customer centricDesign

4. Increasingly CompetitiveLandscape Increasing Business Value Of SoftSkills Expanding Automation and ArtificialIntelligence Special use case: IT projectmanagement IT projects frequently require a special guiding principles and techniques to movebetween completion stages and to give those associated the right amount of accessibility. To that end, several production, support desk, and QA teams are using dedicated tools for IT project management. IT project management software typically provides a heavy emphasis on agile methodologies relative to conventional PM methods, and a collection of apps that directly target developers and product managers: Bugtracking:Capture,record,andtrackthestatusofdefectsinasoftwaredevelopment process, whether it be a bit of software for organizational use, a customer-facing program, or software marketed as acommodity. Product roadmaps: Agile project managers should build roadmaps that can help their team see the larger picture and move towards a specific set ofpriorities. Backlogs/stories:Buildassignmentsasuserstoriesrelevanttoaspecificfunctionorissue; team leaders take stories one at a time from the backlog to automate work-in-progress and increaseefficiency. Subversion/Git hosting: Handle code within the project management system, ratherthan using an outerdatabase. About360Quadrants 360Quadrantsis the largest marketplace looking to disrupt US $6.3 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across variousmarkets. 360Quadrants will also be launching quadrants in fields like e-Commerce Platforms, ERP Systems and Marketing Automation Software.