Project management software comes in many different capabilities and formats. Any application that assists in the organization, auditing and reporting of information can be considered management software.
Practical uses for project management software include cost planning, resource accounting and scheduling.
Information such as work flow, budget and critical deadlines are integrated to create a functional management plan, that is formed with the express purpose of meeting a specific goal or deadline.
The technology-generated data which fosters the careful planning of workflow is displayed in easy-to-understand reports such as calendars, graphs, and lists.
This is to say, that the software is able to digest the data that is entered into the system and then uses the data to create displays and categories, which offer easy-to-understand reports, from which managers can make decisions and projections going forward.