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Professional in Project Management(PPM)
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Project management certifications have claimed a place in every top IT certification list for years. That’s because project managers are important to IT operations of all kinds. Whether you are interested in becoming an IT project manager or just want to add project management to your list of soft skills, these five leading certifications will help you add to or boost those skills and, in turn, increase your value.

If there’s a single set of soft skills that’s been fixed on the IT radar for the past decade or so, to the point where it’s become almost as sought after and every bit as valuable as top-level credentials, it must be project management. Thanks in large part to the immensely popular and widely pursued Project Management Professional (PMP) certification from the Project Management Institute (PMI), this area has become an incredibly valuable merit badge for IT professionals of all stripes. That’s because it enhances and expands on the value of just about any other kind of technical credential.

Project management has everything to do with planning, scheduling, budgeting for, and then executing and reporting on projects of all shapes and sizes. In fact, anything and everything that IT does can be understood or handled as a project of some kind. It applies to one-of-a-kind activities that happen only once or very seldom (think hardware or OS upgrades or migrating from older to newer platforms or infrastructures). Ditto for a recurring series of activities that repeat regularly (think security patches, software updates or other regular maintenance tasks). Thus, project management is incredibly important and valuable to IT operations across the board.

According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], IT professionals who hold a PMP report median base annual salaries in the U.S. of almost $116,000. The top 25 percent of survey respondents report base salaries of at least $139,000. Depending on such factors as complexity and size of projects, location, fields of expertise (e.g., IT, construction or healthcare), and experience, salaries for some PMP credential holders can be much higher still.

Robert Half’s Technology & IT 2019 Salary Guide lists project management as a hot certification, with salaries varying slightly by technology area. It cites a salary range of $93,000 to $157,500 for project managers in application development environments. Project managers engaged in consulting and system integration roles can expect to earn $96,250 to $163,500 nationwide. This explains nicely why PMP appears in nearly every top 10 list of popular, targeted or most desirable certifications since the early 2000s. It’s no surprise that Robert Half also lists the PMP credential, along with Agile and Scrum certifications, as “highly valued technology certifications” trending up in the IT industry.

To give you an idea of which project management credentials employers look for in prospective candidates, we conducted a quick survey on some popular job boards. Clearly, the PMP is the overall favorite and remains our No. 1 pick for must-have project management certifications. PMI’s entry-level project management credential, the CAPM, also made our top five. The CSM from Scrum Alliance, along with ASQ’s Certified Six Sigma Black Belt and Green Belt credentials, round out those picks. It’s also worth noting that job postings for project managers increased by 20 percent from 2018 across all project management certifications.

Job board survey results (in alphabetical order, by certification)

Certification SimplyHired Indeed LinkedIn Jobs LinkUp.com Total
CAPM (Project Management Institute) 593 718 1,187 381 2,879
CSM (Scrum Alliance) 3,550 4,916 9,286 3,052 20,804
CSSBB (ASQ) 998 1,231 1,817 848 4,864
CSSGB (ASQ) 1,205 1,457 1,966 842 5,470
PMP (Project Management Institute) 13,683 18,311 28,064 9,096 69,154

CAPM: Certified Associate in Project Management

CAPM: Certified Associate in Project Management

The same organization behind the more senior Project Management Professional (PMP) credential also backs the Certified Associate in Project Management (CAPM). In fact, the CAPM is properly considered a steppingstone credential for those who wish to attain PMP status by stages, rather than in a single giant leap. That’s why PMI describes the CAPM as a “valuable entry-level certification for project practitioners” that is “designed for those with little or no project experience.”

The PMP requires three to five years of documented on-the-job project management experience, depending on the educational background of each applicant. On the other hand, the CAPM requires only a high school diploma and either 1,500 hours of documented on-the-job experience (about nine months of full-time work) or 23 hours of project management classroom training prior to taking the exam. The education prerequisite can be met by completing PMI’s Project Management Basics online course which costs $350 for PMI members and $400 for non-members.

Nor does the CAPM require continuing education (which PMI calls PDUs, or professional development units) as does the PMP (60 PDUs every three years) to maintain this credential. To recertify, CAPM holders must retake the exam once every five years.

The CAPM is one of a small set of entry-level project management certifications (including the CompTIA Project+) that IT professionals interested in project management might choose to pursue. Remember, though, that it is just a steppingstone to the PMP.

Unless you work in a large organization where a project management team is in place that includes junior as well as senior positions, the CAPM by itself is unlikely to provide a ticket to a project management job. However, it’s ideal for IT professionals for whom project management is a part-time job role or who want to grow into full-time project management.

CAPM facts and figures

Certification name Certified Associate in Project Management (CAPM)
Prerequisites/required courses High school diploma, associate’s degree or global equivalent, plus 1,500 hours of project management experience or 23 hours of project management education

Certification valid for five years; candidates must retake exam to maintain credential.

Number of exams One (150 questions; 15 questions are unscored; three hours to complete)
Cost per exam Computer- or paper-based exams:

PMI member: $225 (retake $150)

Nonmember: $300 (retake $200)

Exam available in online proctored or center-based test (CBT) formats.

Exam administered by Pearson VUE.

URL www.pmi.org/Certification/Certified-Associate-in-Project-Management-CAPM.aspx
Self-study materials PMI maintains a list of self-study materials on its exam guidance webpage, including the Exam Content Outline [pdf], trial exam questions [pdf] and the CAPM Handbook [pdf].

Numerous books are available, including:

A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

CAPM exam Prep, Third Edition, by Rita Mulcahy, Sept. 2013, RMC Publications, ISBN-10: 1932735720, ISBN-13: 978-1932735727

CAPM/PMP Project Management Certification All-in-One exam Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

CSM: Certified ScrumMaster

As companies seek to deliver more for less, many adopt Agile methodologies to streamline processes, build quality into products and ensure that final builds meet customer requirements. As Agile methodologies have become more popular, it’s no surprise that we see increased demand for IT practitioners qualified to manage projects in Agile environments.

While different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from the Scrum Alliance. This nonprofit encourages adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 500,000 certified practitioners worldwide.

The Scrum Alliance provides a support system for Scrum practitioners, including Scrum Gatherings, user groups, virtual communications, coaching, online training and much more. In addition to community and advocacy activities, the Scrum Alliance offers numerous Scrum-related certifications at the foundation, advanced, professional, elevated (guide) and leadership levels. Scrum Alliance certifications are designed for team members engaged in Scrum master, product owners and developer roles. The Scrum master and product owner tracks offer credentials at the foundation, advanced and professional levels which the developer track only offers a foundation and professional level cert.

  • Scrum Master Track: Certified ScrumMaster (CSM), Advanced Certified ScrumMaster (A-CSM), and Certified Scrum Professional – Scrum Master (CSP-SM)
  • Product Owner Track: Certified Scrum Product Owner (CSPO) Advanced Certified Scrum Product Owner (A-CSPO) and Certified Scrum Professional – Product Owner (CSP-PO)
  • Developer Track: Certified Scrum Developer (CSD) and Certified Scrum Professional (CSP)
  • Elevated or guide credentials: Certified Scrum Trainer (CST), Certified Team Coach (CTC) and Certified Enterprise Coach (CEC)
  • Agile Leadership: The Scrum Alliance also offers the Certified Agile Leadership (CAL) program, a credential based on a combination of education and validated practice. There are two credentials – the Certified Agile Leadership I and Certified Agile Leadership II.

For project managers getting started as Scrum practitioners, the CSM makes an excellent entry-level credential. Not only must candidates demonstrate an understanding of Scrum principles and values, but they’ll learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with multiple resources, plus checklists and information about the servant-leader role of the Scrum master.

Certified ScrumMaster facts and figures

CSSBB: Certified Six Sigma Black Belt

Globally recognized, ASQ certifications attest to candidate expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. Currently, ASQ offers 18 credentials, three of which specifically target project management: the Certified Six Sigma Black Belt (CSSBB) (expert level), the Six Sigma Green Belt (CSSGB) (professional level) and the Six Sigma Yellow Belt (CSSYB) (entry level).

The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB aims at experienced practitioners who understand Six Sigma methodologies (including the DMAIC model), tools, systems and philosophies. CSSBBs can lead teams or manage team dynamics, roles and responsibilities.

The path to CSSBB certification is rigorous. In addition to passing a comprehensive exam, candidates must complete two projects that employ Six Sigma tools and processes, resulting in project improvement and a positive financial project impact. An affidavit is also required to attest to the veracity of the project. Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need only complete one Black Belt project.

CSSBB candidates are expected to demonstrate mastery of the ASQ Black Belt Body of Knowledge, called standards:

  • Organization-wide Planning and Deployment (organization-wide considerations, leadership)
  • Organization Process Management and Measures (impact on stakeholders, benchmarking, business measures)
  • Team Management (team formation, facilitation, dynamics, training)
  • Define (voice of the customer, business case and project charter, project management tools, analytical tools)
  • Measure (process characteristics, data collection, measurement systems, basic statistics, probability, process capability)
  • Analyze (measuring and modeling relationships between variables, hypothesis testing, failure mode and effects analysis, other analysis methods)
  • Improve (design of experiments, lean methods, implementation)
  • Control (statistical process control and other controls, maintain controls, sustain improvements)
  • Design for Six Sigma (DFSS) Framework and Methodologies (common DFSS methodologies, design for DVX, robust designs)

The CSSBB is valid for three years. To recertify, candidates must earn 18 recertification units or retake the exam.

CSSBB facts and figures

Certification name Certified Six Sigma Black Belt (CSSBB)
Prerequisites/required courses Two completed projects with signed project affidavit, or one completed project with signed affidavit plus three years of experience in one or more areas of the Six Sigma Body of Knowledge
Number of exams One: computer-based (165 questions, 4.5 hours) or paper-based (150 questions, 4 hours)
Cost per exam $438 members, $538 nonmembers (retakes $338)

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-black-belt
Self-study materials ASQ maintains a comprehensive list of exam prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

CSSGB: Certified Six Sigma Green Belt

The Certified Six Sigma Green Belt (CSSGB) by ASQ is a professional-level credential targeting experienced Six Sigma practitioners. Often, a CSSGB works under the direction of the more senior CSSBB or as an assistant. CSSGBs identify issues and drive quality and process improvements in projects.

To earn the credential, candidates should have at least three years of experience working with Six Sigma processes, systems and tools. The work experience must have been full time and compensated; an unpaid internship, for example, doesn’t count. In addition, work performed must have been in at least one of the Six Sigma Green Belt Body of Knowledge competency areas.

In addition to work experience, candidates must pass an exam that tests their knowledge of the Six Sigma Green Belt Body of Knowledge. Currently, the Green Belt Body of Knowledge includes six competency areas:

  • Overview: Six Sigma and the Organization (organizational goals, lean principles, design methodologies)
  • Define Phase (project identification, customer voice, project management basics, management and planning tools, project business results, team dynamics and performance)
  • Measurement Phase (process analysis and documentation, probability and statistics, statistical distributions, data collection, measurement system analysis, process and performance capability)
  • Analyze Phase (exploratory data analysis, hypothesis testing)
  • Improve Phase (design of experiments, root cause analysis, lean tools)
  • Control Phase (statistical process control, control plan, lean tools for process control)

Overall, this is an excellent credential for those who have some experience but are not quite ready to take on the roles and responsibilities of a Black Belt.

CSSGB facts and figures

Certification name Certified Six Sigma Green Belt (CSSGB)
Prerequisites/required courses Three years of experience in one or more of the Six Sigma Green Belt Body of Knowledge areas

Experience must be a full-time paid position (internships do not meet the experience requirement)

Number of exams One: computer-based (110 questions, 4.5 hours) or paper-based (100 questions, 4 hours)
Cost per exam $338 members, $438 nonmembers; retakes cost $238

Exams administered by Prometric.

URL https://asq.org/cert/six-sigma-green-belt
Self-study materials ASQ maintains a comprehensive list of exam prep materials, including training opportunities, question banks, interactive trial exams, books and other recommended references.

PMP: Project Management Professional

The Project Management Institute (PMI) not only stands behind its Project Management Professional certification, it works with academia and training companies to ensure proper coverage and currency in the various curricula that support this and other PMI credentials. Boasting more than 500,000 global members and 750,000 PMP certified professionals around the world, PMI’s PMP remains one of the most prestigious project management credentials available. (Note: The PMP’s precursor, the CAPM, is covered in an earlier section of this article.)

That’s why you can obtain college- and university-based PMP training from so many institutions. It’s also why you may sometimes find PMP coverage integrated into certain degree programs (often at the master’s degree level).

The PMP credential is coveted by employers seeking the most highly skilled project management professionals. Developed by project managers, the PMP certification is the highest level offered in PMI certifications. It is designed to ensure that credential-holders possess the skills and qualifications necessary to successfully manage all phases of a project, including initiating, planning, scheduling, controlling and monitoring, and closing out the project.

PMP certified projects managers are also well versed and skilled in managing all aspects of the triple constraints – time, cost and scope. Employers depend on the skills of PMP professionals to manage budgets, track costs, manage scope creep, identify how changes to the triple constraints may introduce risk into the project, and minimize such risk to protect the project investment.

The standards for PMP certification are rigorous. Beyond passing a comprehensive exam, credential holders must first demonstrate and certify that they have the skills and education necessary to succeed in the project management field. Credential seekers should be ready to provide documentation for items such as education, projects worked on and hours spent in each of the five project management stages – initiating, planning, executing, monitoring and controlling, and closing out the project.

While it’s difficult to achieve, the rewards for PMP credential holders can be significant. According to PMI’s Earning Power: Project Management Salary Survey, 10th Edition [pdf], PMPs in the U.S. earn an average of 23 percent more than their non-credentialed counterparts. The survey reports median salaries of PMPs in the United States at $115,000, as opposed to $92,000 for non-PMP certified project managers.

For those interested in program management or wishing to specialize in a project management area, PMI offers several interesting additional credentials:

The PMP remains a nonpareil certification for IT and other professionals whose responsibilities encompass project management. It is the standard against which all other project management credentials are judged.

It should be noted that, after meeting the prerequisites, candidates are also required to pass a rigorous exam. Candidates must obtain an eligibility ID from PMI before they can register for the exam.

PMP facts and figures

Certification name Project Management Professional (PMP)
Prerequisites/required Courses Required courses: None

Prerequisite skills: Four-year degree, 4,500 hours in leading and directing projects, and 35 hours of project management education


Secondary degree (high school diploma, associate’s degree or equivalent), 7,500 hours leading and directing projects, and 35 hours of project management education

Note: Credential holders must earn 60 professional development units (PDUs) per each three-year cycle to maintain certification.

Number of exams One (200 questions, 4 hours)
Cost per exam Paper* and computer-based exams:

PMI member: $405 (retake $275)

Nonmember: $555 (retake $375)

*Paper-based exam only available if candidates lives more than 150 miles from testing center or if testing center is not available in the country of residence and travel would provide an undue burden.

Exam administered by Prometric. Eligibility ID from PMI required to register.

URL www.pmi.org/Certification/Project-Management-Professional-PMP.aspx
Self-study materials PMI maintains a list of training resources on the PMP exam guidance webpage, including links to trial questions, the PMP exam Content Outline [pdf] and the PMP Handbook [pdf]. Additional training materials (quizzes, publications, books, practice guides and more) are available from the PMI Store.

Numerous books are available, including:

Guide to the Project Management Body of Knowledge (PMBOK Guide) – Sixth Edition; Sept. 22, 2017; Project Management Institute; ISBN-10: 1628251840; ISBN-13: 978-1628251845 (available for free download to PMI members)

PMP exam Prep: Accelerated Learning to Pass the Project Management Professional (PMP) Exam, Ninth Edition, by Rita Mulcahy; Feb. 1, 2018; RMC Publications Inc.; ISBN-10: 1943704040; ISBN-13: 978-143704040

CAPM/PMP Project Management Certification All-in-One exam Guide, Fourth Edition, by Joseph Phillips; April 23, 2018; McGraw-Hill Education; ISBN-10: 1259861627; ISBN-13: 978-1259861628

Practice exams: PMP exam practice exam and Study Guide, Ninth Edition, by J. LeRoy Ward and Ginger Levin; June 28, 2018; Auerbach Publications, ISBN-10: 1138440299; ISBN-13: 978-1138440299

Beyond the top 5: More project management certifications

Project management is truly a white-hot area for both certification seekers and employers. Several other project management certifications are available, for general IT project management as well as software development project management.

Honorable mention goes to the Global Association for Quality Management (GAQM) project management certifications, such as the Professional in Project Management, Associate in Project Management and Certified Project Director. The Prince2 Foundation and Practitioner qualifications (featured in the 2017 top-five list) are also excellent credentials and worth honorable mention.

The CompTIA Project+ credential (featured in the 2017 top-five list and honorable mention in 2018) remains a well-known entry-level project management certification for those starting their project management careers. ASQ’s Certified Six Sigma Yellow Belt (CSSYB) is another entry-level credential worth exploring, particularly if you’re interested in eventually moving up to the more senior Green and Black Belt credentials.

Most graduate business, management and management information systems (MIS) programs offer project management training to students, and some offer certificate programs outside the project management organizations as well.

You’ll also find training and occasional certification around various project management tool sets. For example, some Microsoft Learning Partners offer courses on Microsoft Project, and you can find a dizzying array of project management packages on Wikipedia’s comparison of project management software page.

The CAPM and Project+ remain the best-known entry-level project management certifications, with the PMP as the primary professional target and capstone for would-be professional IT project managers. Don’t forget to consider PMI’s related certifications as well. For project managers seeking entry into the realm of Scrum, the CSM is the best entry-level cert for Scrum practitioners.

Tue, 11 Oct 2022 12:00:00 -0500 en text/html https://www.businessnewsdaily.com/10762-best-project-management-certifications.html
Killexams : PMP® Credential Test Prep

Prepare to pass the PMP® exam.

Establish yourself as a globally recognized project manager by earning the most sought-after credential in the profession. The PMP® credential is one of the most highly demanded credentials in the global marketplace. Ensure you're prepared for the rigorous PMP exam with our PMP Certification Prep Course. This intensive seven-week program combines expert instruction with the CertWise® Learning System for PMP® exam Preparation training materials and meets PMI’s 35 contact hour PMP exam requirement. Our course will help you learn faster, retain more knowledge and stay on track for success on the PMP exam. This prep course is appropriate for the PMP exam.

Course Overview

Price Discounts Modality Materials Contact Hours
$1,450 ($1,350 with early registration) Early registration, PMI member, NIU alumni, current NIU student or staff Instructor-led online Course materials and online resources included 35 hours, meets PMP exam requirements for contact hours


Tue, 12 May 2020 22:56:00 -0500 en text/html https://www.niu.edu/continuing-professional-education/programs/project-management/capm-pmp-prep.shtml
Killexams : PMP® Test Prep Tutoring/Refresher Courses

Our live virtual tutoring sessions are an excellent way to prepare for exams. Each session focuses on different topics, so consider signing up for more than one. You'll be able to submit questions in advance and get answers during the session. You'll also work in small groups to review questions and topics, receiving valuable feedback from your instructor and other students.

These sessions are especially helpful if you're enrolled in or have finished a certification prep training course and need a refresher before taking the exam. Join us to learn from our experienced instructors and excel on test day.

Mon, 26 Sep 2022 17:52:00 -0500 en text/html https://www.niu.edu/continuing-professional-education/programs/project-management/test-prep-tutoring.shtml
Killexams : Quiz: Test your knowledge of the new quality management standards


This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.

Fri, 23 Sep 2022 03:56:00 -0500 text/html https://www.journalofaccountancy.com/news/2022/sep/quiz-new-quality-management-standards.html
Killexams : UAB Project Management Certificate Courses

As a Project Management Institute Authorized Training Partner, our instructor-led training is delivered with PMI-developed content to ensure it’s up to PMI’s highest quality and standards and you are learning from a PMI-vetted instructor.

Recognizing the need for those managing projects to be trained and certified in the Project Management Institute Body of Knowledge (PMBOK®), the UAB Collat School of Business and the Project Management Institute (PMI) have teamed together to offer innovative, engaging, short-term Project Management Certificate Courses with live, online instruction.

Project Management Institute Authorized Training PartnerIn today’s competitive world the effective execution of value-adding business processes and related projects is imperative. The UAB Project Management Certificate Courses' approach provides the content and rigor of graduate level academic coursework and practicality provided by practicing project managers; yet, as a professional course, there is no application fee or admission process

These popular open-enrollment courses are offered several times a year through the UAB Collat School of Business Professional Education Office. Join us and learn from PMI-trained, seasoned instructors; enjoy networking with a cohort of like-minded professionals; and prepare to earn industry certifications like the CAPM and PMP!


Discounts are available for UAB employees and students, veterans, and companies with 3 or more students in the same class. See course offerings below for specifics.

Academic Credit

Individuals with a PMI certification will be able to waive a graduate level elective (3 credit hours) in UAB's MSMIS program.

Tue, 26 Feb 2013 09:27:00 -0600 en-US text/html https://www.uab.edu/business/home/businesscertificates/project-management
Killexams : Best Project Portfolio Management Software Of 2022

There are four basic areas you should consider when choosing a portfolio management software solution. The first is cost, as every company needs to find something that fits into its overall budget. When considering cost, look at the monthly costs as well as any third-party costs (such as integrations with other software) that may be necessary to have an efficient system. 

With that said, you also want to make sure you’re investing in a system that can keep up with your daily workflows. Efficiency is the second thing to consider when choosing a PPM. Choose a system that helps keep your people efficient in task management. The ability to create tasks and track them through a project timeline helps you make sense of complicated projects with a lot of moving parts. Having the right management features is crucial in a service of this kind. 

Flexibility is another thing to consider. Things change quickly in many company operations. Your project portfolio management software should give you plenty of options for customizing workflows, tasks, and other options. This way, you have a solution that morphs into what your company needs to organize projects rather than something you need to change systems to fit into.

Software integrations can fill a lot of gaps in your system when it comes to flexibility. Many leading providers offer the ability to connect data with other types of business apps, from customer relationship management (CRM) systems to cloud storage systems and beyond. These integrations can automate a lot of tedious work on your end by automatically connecting information from these other platforms and bring that data into your project management solution.

For example, you could bring in customer information from a CRM like Salesforce into your project portfolio management solution and attach that customer to a task for an agent using Wrike. When they close a sale with that client, they could use that integration to update customer info in their platform and have it automatically update within the Salesforce app while saving them the trouble of having to log into that platform. These small conveniences can add up to save a lot of time and effort for you and your staff. 

Finally, find a PPM that makes the whole process visible with transparency to all stakeholders. 

Parties should be able to see the whole slate of projects, where each is at and review which take priority on the list. With that said, having a robust set of permissions options can help you maintain project security. While some workers on your team may need full edit access of task items, there could be scenarios where you’re dealing with sensitive information and want to block out unrelated parties from the project. You should also be able to toggle view-edit access for users depending on their involvement in the project.

Thu, 06 Oct 2022 10:35:00 -0500 Kimberlee Leonard en-US text/html https://www.forbes.com/advisor/business/best-project-portfolio-management-software/
Killexams : How (and why) you should practice ‘anti-time management’ No result found, try new keyword!You decide if you want to create space or not.” To practice anti-time management, start by identifying “final causes.” “It’s a term from Aristotle,” says Norton. “The idea is [that ... Mon, 10 Oct 2022 00:04:00 -0500 text/html https://www.fastcompany.com/90793899/how-and-why-you-should-practice-anti-time-management Killexams : Looking to buy a wealth management practice?

Over the years, the question about buying a wealth management practice has been posed to me by many CPA firms. If you've got a longer time horizon, acquiring a wealth management practice could be a great idea. But the difference between finding a good acquisition versus just any acquisition can be a make-or-break decision. Here are the things to look for in your due diligence process.

Start by obtaining a copy of a accurate third-party valuation of the target practice. Some may not have one, but I've discovered that when a seller is serious about selling, they typically have that valuation completed to give them an idea about the range of values. If they don't have one, see if they'll give you the time to get one done. I know that many accounting firms have some competency in business valuations, but I'd prefer to see a valuation prepared by certified in valuing wealth management practices.

The valuation is more than just a starting point; it is typically a report that will explain the justification for the value by highlighting the strengths and weaknesses of the target practice. A smart seller would be obtaining third-party valuations annually and using the findings to shore up the firm in the areas noted as weak or needing improvement. You may ask to also see prior valuations if they are available.

Most CPA firms have helped with traditional due diligence for clients making acquisitions, so I won't bore you with that stuff. I will, however, share some unique elements of evaluating a wealth management practice beyond the basic diligence checklist.

Important asks

Ask for a client listing for the past three years, ranked by recurring revenue. What you don't want to see are a few very large relationships followed by an army of average to small clients. On the ranking, you are hoping to find that the client list is somewhat consistent from top to bottom. Draw a line somewhere near the bottom of the list and see how many smaller clients you could eliminate and not ruin the firm's profitability. You are also hoping to see longevity, and that the firm's largest clients have been on board for the entire three-year period.

The age of the clients is a big factor in arriving at a reasonable valuation. If the average age of the target's clients is 78, you may have an issue. Again, maybe not a deal killer, but an issue to evaluate nonetheless. If there is no evidence of regular communication with the next generation, the older average age is a valuation detractor. If there is clear evidence of communication with the next generation, assets owned in trust to provide for continuity of service by the advisory firm, and the next generation as existing clients — things begin to look a lot brighter.

Ask if you can get a login to their CRM system. If they don't have one or a similar system for storing notes, workpapers, documents, etc., I'd be concerned. This wouldn't be an instant deal killer, but it is a good leading indicator of the level of technology that the target has adopted.

Once in the CRM, you want to get a good feel for the frequency of communications with clients, especially "A" clients. Look at the frequency and the scope of the conversations. If you see note after note of discussing market performance, and nothing about any other financial planning matters, keep digging. If you begin to feel that the target isn't really a financial planning shop and giving light duty to the planning part of the relationship: strike one.

Of course, your firm can be the hero and shine the light on all the planning matters that haven't been serviced with the target's clients and then deliver those services. This additional service will likely create a favorable start to the new relationship, but it may consume many professional hours, taking away from the net financial results of the target in your hands. It is not likely that these clients will pay additional fees for this service. Most feel they were getting financial planning, even though a diligent planner can easily spot the gaps in their plans.

Understand the source of the clients. Were they a referral from a client, a law or accounting firm, or obtained through some sort of marketing program that the target successfully utilized? Hopefully the target documents the clients' other advisors in the CRM system. If they do, I'd try to organize the lists to see if there are any concentrations of clients being serviced by any other professional services firms. Then evaluate the firms to understand if there is a close professional relationship with the target or any of the employees of the wealth management practice.

Look at the tax returns of the clients, especially the better clients. As a tax professional, you can spot issues from reviewing a tax return that may indicate the need to upgrade the CPA relationship or to spot gaps in the financial plan. The acquisition of a wealth management practice should also provide many opportunities for the traditional side of the CPA firm.

Follow the money

The nature of the revenue is very important. Break it down by source. Does it come from assets under management fees, financial planning fees, or securities or insurance commissions? To me, the commission business isn't worth much, partially because I don't have a securities license and, more specifically, I believe that a fee-only fiduciary type of practice is more suitable for an accounting firm and consistent with the other sources of revenue for the firm. If there is some commission business, and you don't want that, the deal isn't dead yet. Many broker-dealers will buy back securities clients from advisors who no longer want to service the commission side of the business.

Also, look at the commission business to see if some of it may be well-suited to a fiduciary type of relationship, and potentially become AUM. It is common that brokers may have sold annuities in the past. Some of these annuities may be doing great for clients, but some may not. If there are no bells, whistles or useful benefits with the annuity that make it a keeper, your new client may be better served in a very low-cost annuity where you can manage the underlying subaccounts for a fee far lower than the internal expenses of the old annuity.

You want to understand how the target firm delivers their advice. You may be shocked to see that many traditional financial planning practices don't really have good systems and processes or a system for quality review. I would like to see the chain of communications with clients, especially in the early days of the planning relationship. The first months of a planning relationship frequently set the stage for client expectations for years to come.

Does your target do a canned plan, and print out inches of paper with meaningless charts, forecasts and fluff? Or do they deliver their advice in a plain-English, easy-to-understand style? Is the advice well documented or just talked about in meetings with no good record of the conversation or the alternatives that may have been evaluated before concluding with the advice rendered?

Does the target charge for planning services, or is it bundled with the AUM fees? This may be more of a personal preference thing, but it is important because the clients of the target firm are used to the way that the target is delivering the advice and getting paid for it.

My preference would be to see that the plans are billed and paid separate from AUM, at least at the start of the engagement. The reason for this is that it squarely focuses on the importance of the planning part of the relationship, which I've touted for years as the stickiest service that a planner can deliver. Lip-service planners who don't go deep in a financial planning client are one introduction away from leaving that firm if they ever get an idea that there is a far better service being offered by a competitor for a similar fee. In fact, I can tell you that 99% of our best clients come from other advisors (many from the largest firms in the country) and frequently their reason for changing is that their former advisor left a lot of issues on the table. They are either lazy, lacking the knowledge or time to offer comprehensive advice, or simply trying to maximize their profits by delivering "the least they can do" to keep a client satisfied.

Also look at review meetings after the first year. If they are basically limited to a portfolio review without ever refreshing the moving parts of the financial plan, it's time to be careful.

Last, and certainly not least, pricing. The valuations coming out today are quite high. In fact, multiples have never been higher. But don't let price alone drive your decision. The more costly practice may be a better fit because of the qualitative factors that make it a great fit. That could be from client demographics, staff retention, or some other strategic issue that improves the value and utility of the target firm in your hands.

Instead of obsessing on price, see if you can negotiate terms or third-party financing so that this acquisition can be accretive to your bottom line as soon as possible. A mature wealth management practice should deliver between 20-30% EBITDA. Today's top-tier practices are all pushing 30%. Arrange your purchase so that you can have profits in year one.

Mon, 26 Sep 2022 02:27:00 -0500 en text/html https://www.accountingtoday.com/opinion/looking-to-buy-a-wealth-management-practice
Killexams : How to Use practice questions to Study for the LSAT Young student learning in the middle of a public library. reading an old book and making notes. © (Getty Images) Young student learning in the middle of a public library. reading an old book and making notes.

The LSAT is a test of endurance under time pressure, like a mental marathon.

It would be inadvisable to run a marathon without first training to run a full 26.2 miles. Likewise, it’s a bad idea to take the LSAT without first training with real practice tests.

That said, very few athletes run daily marathons. Instead, they vary their training with shorter intervals and complementary forms of exercise. They might focus one day on sprinting or climbing hills and another day on strength and conditioning at the gym.

In the same way, LSAT test-takers should use full practice questions judiciously. Taking one test after another, day after day, may seem impressive, but it can reinforce bad habits and lead to burnout.

Improvement comes from focused and methodical practice with careful attention to review and experimentation. Still, real practice questions belong at the core of any LSAT study strategy, as long as they’re used well.

Accessing Real Practice LSAT Tests

Unlike other standardized tests, real LSAT tests are not hard to come by. In fact, the Law School Admission Council, which administers the exam, has made available more than 70 full, real, past LSAT tests for purchase, either through paperback compendiums of practice questions or through Official LSAT Prep Plus, which is currently priced at $99 and provides one year of access to an online bank of practice tests.

The LSAC also provides one free trial test online and five practice questions for members who sign up for an online account. Even more tests are available through private test prep companies.

Choosing a LSAT Practice Test

With so many tests available, where should law school applicants start? Since the mid-1990s, practice questions have been numbered in chronological order. More accurate tests provide the most relevant practice.

The LSAT has changed a bit over time. In 2007, the reading comprehension section began including a comparative passage, and in 2019 the LSAT moved to a digital format. LSATs that date back to the 1990s may include less clear questions and more elaborate types of logic games than accurate tests.

It’s also easier to find discussions and explanations of questions online for more accurate LSATs.

That said, sections from old LSATs can be great substitutes for experimental sections. On the real LSAT, one section will be experimental and unscored. Experimental sections often throw test-takers for a loop, precisely because they haven’t been correctly balanced and refined. Since older tests also feel a little offbeat, they achieve the same effect.

Using Timed and Untimed Practice

Taking full timed practice questions is great for simulating test conditions and getting a sense of your current LSAT score range. Most of the time, however, it is better to break each practice exam into individual sections. Taking each section at full attention, separated by downtime for rest and review while the questions are fresh in your memory, is more conducive to learning than taking a full test at once.

A good LSAT study plan should start with a period of mastering fundamental techniques learned from a book, course, online program or tutor.

Once you have the basics down, practice them by taking untimed sections. Work slowly and deliberately, as if you were learning how to swim or ski for the first time. The questions you get wrong with unlimited time are exactly the kinds of questions you should focus on in your practice and review.

It may come as a surprise, but you will pick up speed more reliably through untimed practice than through timed practice. Slowly working your way through difficult questions will help you break each question into a series of steps that eventually feel intuitive and automatic, like muscle memory. In contrast, time pressure makes it too tempting to cut corners.

Once you are performing consistently with untimed practice, move to timed section practice. Periodically take full practice tests, as a marathoner might space out long-distance runs.

Weeks of timed practice will help build stamina, so you can sustain the focus you need to perform at your best. By knowing exactly what you’re up against, you’ll face less test anxiety.

Following this plan will help make test day feel like just another day of practice – hopefully your last!

Copyright 2022 U.S. News & World Report

Tue, 11 Oct 2022 01:45:00 -0500 en-US text/html https://www.msn.com/en-us/health/other/how-to-use-practice-tests-to-study-for-the-lsat/ar-AA12PJ6R
Killexams : The Best Project Management Software for 2022

Let's say you're building a house. It's a complex process, and some tasks must be done in a particular order. After all, you can't install windows if you haven't put up the walls yet. You probably have dozens of people working on the house, and you have to know which days they are available to pour the foundation, lay the tile, and so forth. Then you have to schedule them based not only on their availability but also on each task happening in the right order. The way to manage a complex project like this one, including all the jobs that need to be done by whom and when, is to use project management software.

We're here to tell you about the best project management apps we've tested, and what makes each one unique. Below our recommendations, you'll find more information on what project management software is and advice on how to shop for the right app for your team.

You Can Trust Our Reviews

More About Our Picks

Best for Beginners

Bottom Line:

GanttPro is a top project management app for small teams because it's easy to use and has plentiful features. Don't expect customizable reports or dashboards, however.


  • Competitively priced
  • Well designed and easy to learn to use
  • Includes custom fields for tasks, kanban board view, critical path feature
  • Saves history for undo


  • No customizable reporting tools or customizable dashboards
  • No billing or invoicing
  • Light on integrations

Who It's For

GanttPro is one of the best project management apps for beginners. That also means it's a great pick for teams, especially small teams, that don't have an expert in project management on hand to run their projects for them. It does not have customizable reports and dashboards that larger teams may need, however.

Why We Picked It

With reasonable pricing, an interface that anyone can learn to use, and a good balance of features, GanttPro is one of the best project management apps. We also appreciate that it includes custom fields for tasks, a kanban board view, and a critical path feature, as well as a save history that allows you to do multiple undos.

Read Our GanttPro Review

Best for Client Work

Bottom Line:

With an extensive set of features and intuitive interface, Teamwork is one of the best services for managing projects. With billing and invoicing included, it's especially suited to teams that handle client work.


  • Simple and intuitive design
  • Great customization options
  • Billing and invoicing included
  • Free account available


  • No PDF or image markup tools

Who It's For

If your business takes on projects for clients, then Teamwork is one of the best project management apps you'll find. It comes with billing and invoicing included, so it's easy to track hours worked on a project and know what to bill.

Why We Picked It

Before Teamwork became focused on organizations that take on client work, it was already a superbly designed project management platform. If you are new to project management, you could spend a bit of time using Teamwork and watching some of its excellent video tutorials to learn enough to use it in practice.

Read Our Teamwork Review

Best for Small and Growing Teams

Bottom Line:

Because Zoho Projects is a low-cost project management app with an array of helpful features, it's an attractive option for small and growing businesses.


  • Excellent value
  • Generally easy to set up and navigate
  • Multiple ways to communicate in app
  • Deep configuration options
  • Strong time-tracking tools


  • Does not include premade templates
  • Slightly unusual resource management view

Who It's For

Zoho Projects is a low-cost project management app with an array of helpful features, which makes it an attractive option for small and growing businesses. Its tiered pricing, with attractively low rates, is also targeted at organizations that are on a budget and those that expect to grow quickly.

Why We Picked It

We picked Zoho Projects as one of the best project management apps because it offers excellent value. It's easy to set up and navigate, offers deep configuration options, and includes the option to track time worked. You can make your own project templates in Zoho Projects, but the app does not come with its own set of templates.

Read Our Zoho Projects Review

Best Value

Bottom Line:

For medium or large organizations, Celoxis packs a lot of value into a project management app, especially for decision-makers and business owners.


  • Ample reports and other tools for decision makers
  • Excellent value
  • Easy to use and short setup time
  • Includes time tracking, budgeting, and resource management


  • No proofing tools
  • No billing or invoicing features
  • No free version

Who It's For

Celoxis is one of the best project management apps for medium and large organizations. This app provides ample reports and other tools that give decision-makers and business owners value. For example, you can use Celoxis to not only work most efficiently by adjusting project schedules, but also to forecast revenue.

Why We Picked It

Celoxis is reasonably easy to use, with a short setup time. Medium to large businesses will like that it includes time tracking, budgeting, and resource management tools.

Read Our Celoxis Review

Best for Automated Scheduling

Bottom Line:

LiquidPlanner is an impressive online tool for managing projects, tasks, workloads, and more, automatically and dynamically scheduling work for your whole team, even as factors change.


  • Automated, intelligent scheduling
  • Projects best and worst case scenarios for projects and tasks
  • Rich management and insight tools for a variety of resources
  • Good time tracking included in Professional and Ultimate plans


  • Takes significant time to set up projects and learn to use
  • Gantt chart is not interactive
  • No milestones or nonimage attachments

Who It's For

While LiquidPlanner can be a great project management app for teams of any size, we think it's especially well suited to larger teams working on complex projects. This app comes with ample tools for automatically fixing project schedules when tasks slip or when workers are suddenly unavailable.

Why We Picked It

LiquidPlanner is impressive at managing projects, tasks, workloads, and more. It can automatically and dynamically schedule work for your whole team, even as factors change—which may not be everyone's cup of tea. If you're open to what LiquidPlanner offers, this app can project best- and worst-case scenarios for projects and tasks, dish up rich management and insight tools, and give you the tools you need for time-tracking—as long as you opt for a Professional or Ultimate plan.

Read Our LiquidPlanner Review

Best for Proofing

Bottom Line:

Project management app ProofHub aims for simplicity without skimping on core features. It's strong at enabling collaboration on visual materials and is competitively priced for small teams.


  • Quick and easy setup
  • Competitively priced
  • Nice balance of features and simplicity
  • Good tools for discussing visual materials


  • Sometimes loads slowly
  • Lacks budgeting tools

Who It's For

ProofHub is a project management app for team that including proofing stages as part of their workflow. In other words, if your team evaluates or critiques visual materials—whether ad campaigns or mobile app designs—ProofHub has tools that other project management apps lack to help you through those processes. More specifically, it has markup tools you can use to draw on PDFs and image files while you give feedback or otherwise collaborate on them with your team.

Why We Picked It

ProofHub aims for simplicity without skimping on core features. It's also competitively priced for small teams. This app is also surprisingly easy to use, making it great for teams that don't have a dedicated project manager.

Read Our ProofHub Review

Best for Open-Source Project Management

Bottom Line:

Redmine is the go-to project management app when you want a free and open-source option. It's focused on issue- and bug-tracking and is particularly targeted at development teams who can also install and maintain it.


  • Free
  • Open source
  • Customizable
  • Includes time estimates, dependencies, Gantt charts, project wikis


  • Requires self-installation and maintenance
  • No included support (beyond the online community)
  • Support limited to community docs
  • Not suitable for all teams and projects; favors software developers

Who It's For

Redmine is the go-to project management app for anyone who wants a free and open-source option—but you also need to have people on hand that know how to install and maintain it. Redmine is not an off-the-shelf project management app. It's focused on projects that include issue- and bug-tracking.

Why We Picked It

While Redmine isn't for everyone, we chose it as one of the best project management apps because it's free and open source, which is a rarity in the project management world.

Read Our Redmine Review

Best for Automations

Bottom Line:

If you're willing to put in the time to learn what Smartsheet can do and customize it to your needs, it can be your go-to tool not only for project management but for other collaborative business, too.


  • Endlessly customizable and quite powerful
  • Supports automations, input from web forms, proofing and approvals


  • Requires companion software with added fees for time-tracking, budgeting, resource management
  • Pages don't update in real time or autosave with every keystroke

Who It's For

Smartsheet is the project management app for people who like to increase productivity through automations. That means you're willing to put in the time to set up "if this, then that" type commands that Smartsheet carries out for you automatically. For example, you might have an automation that says, "When someone marks a task as blocked, and the task status is 'in progress' or 'for review,' then alert the person assigned as the manager for that task." Most other project management apps don't have automation options built into them, though sometimes you can create them using third-party tools, such as Zapier. One note about Smartsheet: to get time-tracking, budgeting, and resource management, you need companion software that come with added fees.

Why We Picked It

If you're willing to put in the time to learn what Smartsheet can do and customize it to your needs, it's very powerful. It might become your go-to tool not only for project management but also for other collaborative business.

Read Our Smartsheet Review

Best for Easy Entry Into Gantt Charts

Bottom Line:

Highly intuitive for beginners, TeamGantt is an excellent project management app for small businesses. It could use improved communication tools, however.


  • Intuitive and easy to use
  • Excellent interactive Gantt charts
  • Exceptional tutorial content
  • Automatic dependencies correction feature


  • Features for discussions, notifications, and uploaded files could be improved
  • No budgeting or invoicing tools
  • Average reports

Who It's For

TeamGantt is for beginners because it's so easy and intuitive to use. If you don't know anything about Gantt charts, you will quickly and painlessly learn while using TeamGantt. We like this app best for small teams who may not have a dedicated project manager on hand. TeamGantt doesn't have budgeting or invoicing tools, which is another reason it's better suited to small teams rather than large ones.

Why We Picked It

TeamGantt has lovely interactive Gantt charts that are incredibly easy to learn to use. The app has exceptional tutorial content to help you learn anything you don't know. We also love a feature that automatically corrects any errors created among dependencies.

Read Our TeamGantt Review

Best for Managing Projects and Ongoing Work

Bottom Line:

Wrike helps teams smartly manage both projects and ongoing work. While it offers a large assortment of features and is easy to use, it's nearly impossible to get started without consulting customer service.


  • Easy to use
  • Special account types for marketing/creative teams and professional services
  • Can manage both projects and ongoing work
  • New intelligent features flag projects at risk of slipping


  • Difficult to choose the right plan without customer assistance

Who It's For

Wrike has a few plan types that are targeted at very specific types of teams, namely marketing and creative industries, and professional service teams. Wrike is very good at what it does, so long as you put in some time to pick the right plan and learn its features—expect to work with Wrike's customer support on this process, rather than merely paying for an account and setting up the app on your own. In that sense, Wrike is for larger teams that have the time and resources to dedicate at least one person to work with Wrike during setup.

Why We Picked It

Wrike is a powerful tool in both the categories of project management and collaboration software. Now owned by Citrix, Wrike supports team collaboration, work management, and project management, and it continues to grow by adding new work intelligence features that can, for example, predict when a project is at risk of falling behind and call attention to possible causes.

Read Our Wrike Review

What Is Project Management Software?

Project management software is a type of online collaborative app. All the people who are working on a project login and see what they're supposed to do and when. These workers also record their progress on those tasks and add relevant details, such as notes about any changes. With the appropriate permission level, people can also see what everyone else is doing, what requirements must be met for them to get it done, and when.

For the person or people managing the project, the project management app provides a clear overview of the project and its health. Are all the tasks on track to be completed on time? If one task is late, how does it affect the projected deadlines of other tasks? Is someone available to pick up an urgent task if the person assigned to do it is ill? Plus, if the project management app supports tracking finances, the app will also tell the people in charge whether the project is running on budget.

How We Choose the Best Project Management Software

For this roundup of the best project management apps, we evaluated and tested more than 25 project management platforms and have included here the products with the highest scores. Inclusion is based on PCMag's independent testing and evaluation. In determining scores, we consider the needs of a variety of business types, including small businesses on a budget and large organizations that need to manage many projects, people, and budgets simultaneously.

For this category, we stick to traditional project management apps only. These apps are specifically created to manage projects, rather than ongoing work. A project is a set of work with a start date, an end date, and a deliverable.

Gantt chart view in Zoho Projects

Zoho Projects' Gantt chart view

To be included in this roundup, the app must offer Gantt charts, which is a type of timeline view that's commonly used in project management. All the apps included here also have other standard tools in addition to Gantt charts for tracking, organizing, and scheduling project-based work.

There are many other excellent collaboration apps that sometimes get called "project management apps," such as Trello, Basecamp, and Airtable. While some collaboration or work-management apps are very capable at managing certain kinds of work, they aren't necessarily designed for juggling the complexities of dozens or hundreds of projects and their schedules simultaneously. Therefore, we don't include them here.

What Can You Do With Project Management Software?

Project management apps let you track and manage nearly any kind of project, such as the creation of a new product, building a house or website, or launching a marketing campaign. Teams that use project management apps typically track more than one project at a time. The software helps them figure out when to schedule work based on when things need to get done and the human resources available to do them.

The very best project management apps detect problems before they happen. By tracking the progress of work and individual tasks (for example, having completed six hours of a task that's estimated to take a total of eight hours), project management apps can sound an alarm when a deadline is in danger of slipping, but before it actually happens. The most powerful project management apps also offer to automatically reflow the project schedule when tasks do fall off course. They generate reports that give managers insight into which team members have too much or too little work assigned to them. Some let you track project budgets, too, and log billable hours so that you can send invoices to clients for time worked.

TeamGantt full view

TeamGantt's Gantt chart and workload view

What Is the Best Free Project Management Software?

A few of the best project management software systems have free versions. Usually, these free versions are severely limited in some way. For example, you might be allowed to manage only one or two projects at a time or invite only a handful of people to work alongside you. Plus, you usually don't get all the best features of the app in the free version. Still, if you have a small team and need to only manage one or two projects, it might work.

You can get a free account from Zoho Projects, Teamwork, Wrike, TeamGantt, ProofHub, plus a few others that did not make this list, such as AceProject

Redmine, which did make this list, is a 100-percent free project management app, but you have to install and maintain it yourself. It's not an off-the-shelf product, but rather an open-source alternative. If you're looking for something simple you can start using right away, Redmine isn't it. For simplicity, you're better off with Zoho Projects, TeamGantt, or AceProject.

Teamwork dashboard

Teamwork's project management dashboard

What's the Easiest Project Management App to Use?

If you're new to project management and especially if your organization doesn't have a dedicated project manager, you need a project management app that's easy to use. TeamGantt and GanttPro are the easiest project management apps to learn and use. They are both designed for beginners and other people who are inexperienced at project management.

Many of the project management apps we've reviewed are easy to use, provide good video tutorials, and work well for beginners, but after testing dozens of them, we believe GanttPro and TeamGantt are best.

What's the Best Project Management App for Small Business?

If your team needs to manage and track a couple of projects, but you're less concerned with employee scheduling, collecting time sheets to bill clients, and comparing the progress of dozens of projects in development, a low-cost tool such as Zoho Projects (starting at $5 per person per month for Premium) is the best bet. What we especially like about Zoho Projects is that it scales easily if your team ends up growing and needs more features. Zoho, the company, offers a wide range of other business apps that can connect to Zoho Projects to expand what you can do with it.

We also like GanttPRO as a low-cost option. It's one of the easiest tools to use and is great for people who have limited or no prior experience with project management.

There's no need to spend more than about $15 per person per month if you aren't going to use the tools that are unique to more expensive software, so stick with something low-cost.

What's the Best Project Management App for Large Organizations?

Large organizations have starkly different needs than small businesses. Organizations with hundreds or thousands of employees and hundreds of projects use project management apps for scheduling, insights into their resources, budget-tracking, revenue projection, and time-tracking for billing purposes, among other reasons.

For a large company, it's important to be able to manage not just individuals, but also teams. If you have 15 hours of work for a junior designer, and it doesn't matter which junior designer does it, you want to be able to see how much work each junior designer has assigned to them and whether you can free up one of them for the task.

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For the same reason, all the managers and team leads in your company should be able to see what tasks are high priority and which projects are in danger of slipping so that they can triage accordingly.

If your organization handles complex projects and has many team members collaborating on projects, we recommend Celoxis or LiquidPlanner.

Wrike spaces new

Wrike's Inbox and Spaces view

What Project Management Software Has the Best Special Features?

Teams that aren't quite small businesses, but also aren't enormous organizations may have special needs that they want their project management software to address.

Our top pick in this category is Teamwork, which is specialized to handle client work. If your team primarily completes projects as billable work for clients, then Teamwork is the app we recommend using for managing your projects. It includes billing and invoicing, as well as the ability to create intake forms for new projects. Another app called Paymo, which didn't quite score highly enough for this roundup, also has built-in billing and invoicing tools.

There are other areas of specialization for project management software, of course. If you're looking for a tool that can manage both project and non-project work, we recommend Wrike or Celoxis. (LiquidPlanner is a good pick too, but it's best for large groups.) If your team spends a lot of time discussing and iterating visual assets, ProofHub is a great choice. Smartsheet is good for building automations into your project management. 

The Right Project Management Software for Your Team

Choosing the right project management software can take time, but it's worth it to get it right before rolling it out to an entire team. Project management apps typically have a significant setup cost. Even when they are simple to learn to use and let you import data, it still takes time to fine-tune the app to do what you need it to do and then get everyone on board using it.

When deciding which app to use, it's important to consider what kind of work your team does, how many people are in the organization, and how you want to run your business. There are a lot of excellent options to fit every budget.

With a reliable project management app in place, people can collaborate with greater ease on project work. Plus, business owners and team managers can get useful insights into how their teams work, whether projects are on track, and how to guide them back to a successful place when they slip.

Thu, 08 Sep 2022 02:59:00 -0500 en text/html https://www.pcmag.com/picks/the-best-project-management-software
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