Prime purpose of this article is to discuss what is Project Management Software. Project management software will be able to help plan, organize, and manage resource pools and acquire resource estimates. According to the sophistication of the software, it can manage estimation and planning, scheduling, cost control and budget management, resource allocation, effort software, communication, decision-making, good quality management and records or administration methods. It’s particularly useful when managing projects by way of the web as well as when teams work from different locations but an organization can utilize this tool even if all the work happens under one particular roof.