Updated 07/14/2025
It is vital for growing businesses to improve their organizations and harness more diligent project-tracking systems. Implementing a management system for all ongoing work is crucial in taking a business to the next level, and many effective project management tools are available online.
The Importance of Project Management
When a company reaches a certain level of business intake, it can have trouble efficiently managing projects without a project management system. Many projects fail to meet deadlines or stated goals, as Harvard Business Review reported that objectives go unfulfilled on as many as 75 percent of enterprise resource projects.1 A breakdown in the chain of project management can cost a business time and money.
Project management is critical to an organization in many ways, including:
- Improved customer satisfaction and overall pleasing delivery
- Stronger efficiency in service delivery
- Enriched growth and team development
- A more competitive array of product or service offerings
- Flexibility in planning and scheduling
- Better sense of risk assessment
- An overall increase in the quality and quantity of obtainable services or products
Implementing basic project management strategies can improve the way a company operates, its business revenue, and the overall success it can achieve.
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Online Tools for Project Management
Effective company project management involves task and risk management tools, resource storage access, and budgeting or performance assessment capacities. Ideal project management systems include collaboration tools, reporting software, mobile abilities, time and expense tracking, and scheduling options. Managing each of these is made simple with a wide variety of project management online tools, including:
- Smartsheet is an AI-enabled platform that allows its users to manage each aspect of project management. Each task within the program is available online, including alerts, reminders, calendars, reporting, and file sharing. This online functionality facilitates collaboration and immediate access for teams across various geographic locations.
- 5pm is a platform management system that offers easy linking to Google Docs, a time-tracking desktop widget, personalized avatars, email integration, and mobile app features. This PM system has been used by large corporations, such as McDonald’s and U.S. Bank.
- Redbooth is a collaboration-based project management tool that emphasizes task management and communication. The tool provides greater transparency by putting due dates and assignments front and center on task lists. Project managers can also utilize Redbooth’s timeline visualizations and productivity reports to keep team members on task.
- Basecamp, in the military sense, is known as a congregating place where plans are formed and decisions are made. Basecamp, the project management software, takes inspiration from that. This online platform offers various task options, including the ability to create and link assignments and tasks from calendars and within conversations. It also simplifies file sharing and offers email notifications to provide real-time updates about project discussions and meetings.
- Accelo emphasizes the use of data to foster the automation of tasks and cross-team communication. In addition to streamlining assignments, this tool allows project managers to keep tabs on budgets and timelines to avoid overages and scope creep. Additionally, this tool helps organizations adjust resource allocations and assign new projects as needed.
- Nifty seeks to provide an all-inclusive system for managing projects, storing documents, and team communication. It gives project managers a central repository for data and project assets, in turn providing seamless workflows and collaboration for the team members completing tasks. Nifty boasts that more than 20,000 teams have leveraged its project management tool, including users at Verizon and IBM.
When considering a project management system for a thriving business, it’s important to consider the system’s ease of use, collaborative abilities, and integration capacities (for email, file sharing, etc.). Mobile capabilities are also key, as business is often carried out on the go. A well-implemented project management system can take a growing business from successful to unstoppable.
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Source
- Wu, T., and Misra, R. B. Harvard Business Review. “Why Big Projects Fail — and How to Give Yours a Better Chance of Success.” November 3, 2023. Retrieved May 20, 2025, from https://hbr.org/2023/11/why-big-projects-fail-and-how-to-give-yours-a-better-chance-of-success.
