Managing a project involves many different aspects and many things that have to be tracked and followed up upon. You have to determine project tasks, create a schedule, assign resources, and identify and track issues and risks. That's just the tip of the iceberg; as a project manager, you are responsible for the overall success of a project. How can you can successfully track all those different aspects of a project?
A project management system is a means of managing a project by planning, organizing, and managing its different required aspects. Depending on the sophistication of the project management system, it can include:
Cost control and budget management
Project management systems fall into two very broad categories: general software applications and project management software applications.