Excellent cost vs. benefit for Project Management
April 24, 2019
Excellent cost vs. benefit for Project Management
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Microsoft Project
It is used at the whole organization as the official and standard tool of project management. Microsoft Project helps the company to address project management capabilities such as budget tracking, project planning, resources allocation, reporting, baseline and actual progress, and many other things. It is an essential piece of our projects.
- Budget management - You can easily set the available budget and indicate for each activity/resource the necessary amount. Therefore, it is good for the plan & actual budgets.
- Project management - Key elements such as progress management and critical path.
- Basic charts - Gantt charts are really developed and compelling.
- Planned versus actual budgets - Track progress.
- Baseline management - Manage and versioning of baseline.
- Resources allocation - Redistribute and rebalance resources across activities.
- Overall financial management - Microsoft Project is not indicated for complex financial management, such as Net Present Value, S-Chart, and others. It is strongly suggested to complement this capability with either an Excel or integration with SAP or Oracle Primavera Unifier.
- KPIs and dashboards - Microsoft Project still lacks advanced charts and analytics. This should be complemented as well with other tools/software.
- Project Progress
- Risk Management
- Process Efficiency
- Decision Making Process
We selected Microsoft Project because of the seamless integration with the Office package and well-recognized features and functionalities that have years of proven success among different companies and industries. Also, it is easy-to-use, flexible and has an excellent cost vs. benefit ratio. These are they key reasons we selected Microsoft Project.