Project management software has the capacity to help plan, organize, and manage resource tools and develop resource estimates. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control and budget management, resource allocation, collaboration software, communication, decision-making, quality management and documentation or administration systems. Today, numerous PC & browser based project management software and contract management software solutions exist, and are finding applications in almost every type of business.
The first historically relevant year for the development of Project Management Software is 1896, marked by the introduction of the Harmonogram. Polish Economist Karol Adamiecki attempted to display task development in a floating chart, and laid the foundation for project management software as it is today. 1912 was the year when the Henry Gantt replaced the Hrongram into the more advanced Gantt chart, a scheduling diagram which broke ship design tasks down for the purposes of Hoover Dam in early 1931. Today’s Gantt charts are almost the same as their original counterparts, and are a critical part of all project management systems.
The term Project Management was not used prior to 1954, when US Air Force General Bernard Adolph Schriever introduced it for military purposes. In the years to follow, project management gained relevance in the business world, a trend which had a lot to do with the formation of the American Association of Engineers AACE (1956), and Rang and DuPont’s Critical Path Method calculating project duration ever since 1957.