Many businesses are increasingly turning to the cloud-based software solution. The leading trend in the software industry has been moved from traditional licensed software to cloud-based software as service. This cloud-based software solutions will continue to gain popularity as businesses look for great flexibility, lower cost, and other benefits of cloud computing.
It has become a new standard for organizing tasks, projects, documents, team members, and clients. It is an efficient and scalable way many industries are adopting to provide convenience and accessibility to the project team.
Following are some benefits of Cloud-Based Project Management Software:
Flexibility, Scalability, and Versatility
Cloud-based project management software is flexible. You only need an internet connection and a browser to access the information. Every member of project team will able to work when out of the office. Team members can use it on whatever interface or platform they are comfortable with. With such flexibility, projects can be completed more efficiently.
Lower Cost and Quick Learning
The most observable benefit of cloud-based project management software is low cost. Its subscription or upfront costs are just the fractions of the value of software license businesses are paying for. The money saving is not limited to the software but companies are also avoiding the cost associated with the servers and other hardware infrastructure. Unlike conventional software, which requires special training, cloud based software are simpler to learn and get started.
Improve Collaboration and Productivity
This is the biggest advantage of cloud-based project management tool as it increases the collaboration and improves the productivity of users. In conventional project management software, people get used to complex tools with great difficulty that put a question mark on ROI. On the other hand, the purpose of designing cloud-based software is to enable collaboration and improve productivity without much economic load. It helps in document sharing, alerts, discussions, and client collaboration that result in improved productivity of project team members.
Supports Decentralized Team
Today, businesses are dependent on local, remote, and overseas employees. Installation of traditional or conventional software can be difficult for a decentralized team, but if you are taking benefit of cloud-based project management, it will create central workspace that is accessible by anyone whenever and wherever they need. So this way the not so connected project team will remain connected and communicate seamlessly.
Highly Secured
Security is the major concern of all companies and when it comes to sensitive data they look for the software with high security. Cloud project management software is delivering high- rated security with its highly secured data centers and servers with built-in data recovery. With this software losing data or information is no more concern of worry as all your important data is stored in the cloud.
Cloud-based software gives you authority of adding, removing users in seconds. You can make the desired changes according to the business needs at any time. You can add or subtract features at will and effortlessly update the interface. With cloud-based project management software, sky is the only limit.
Project Portfolio Management Process, Resource & Their Terms 