If you work as a project manager or are part of a team that handles multiple projects, then you know how challenging it can be to keep track of all the moving parts. This is where project lifecycle management software comes in – a powerful tool that helps you plan, execute, and monitor your projects from start to finish.

But with so many options on the market, how do you choose the right one for your team? In this article, we’ll explore the 10 best project lifecycle management software options available and break down the key features you should look for when making your decision.

What is Project Lifecycle Management Software?

Project lifecycle management software, also known as project management software, is a digital tool that helps you manage every aspect of your work from project initiation to project closeout. It allows you to plan and schedule tasks, assign resources, track progress, and communicate with team members all in one place.

This software streamlines the project management process by providing a centralized platform for collaboration and organization. This makes it easier for teams to work together efficiently and meet project deadlines.

Top 10 Project Lifecycle Management Software

Now let’s dive into the top 10 project lifecycle management software options and their key features.

1. Deltek Vantagepoint

Deltek Vantagepoint dashboard

Deltek Vantagepoint is distinguished for its comprehensive suite of features designed to meet the intricate needs of project-based businesses. It stands out for its depth in handling project intelligence, resource management, and financial performance, making it an ideal solution for firms that require detailed project planning and execution capabilities.

Pros:

  • Highly specialized for professional services and project-based businesses.
  • Robust project accounting and financial management features.
  • Advanced resource planning and forecasting tools.
  • Integrated CRM for managing client relationships within the same platform.

Cons:

  • Cost, which may be a barrier for small businesses.

What people are saying:

“I like the ease of use and the flexibility of the system. The ability to create custom fields is a great thing to have and helps us have the extra data that we need.”

G2 Reviews

“Vantagepoint has a lot of power to keep track of clients, projects, vendors, etc. I am always discovering new features that I didn’t know were part of it..”

Darrell A.

Our Overall Thoughts

Deltek Vantagepoint shines in environments where the complexity of projects demands a deep level of management and oversight. Its ability to provide visibility across all aspects of a project from a financial, resource, and scheduling standpoint sets it apart. For organizations that navigate the complexities of project-based work, Deltek Vantagepoint offers a tailored solution that enhances project delivery and profitability.

2. Wrike

Wrike dashboard

Via Wrike

Wrike is a popular project management software that offers a streamlined and intuitive experience for managing projects. It boasts features such as task tracking, Gantt charts, customizable workflows, and real-time collaboration. Wrike also integrates with other tools such as Google Workspace, Microsoft Teams, and Salesforce.

Pros:

  • Highly customizable dashboards and workflows to fit various project types.
  • Real-time collaboration and document-sharing capabilities.
  • Integration with a wide range of other tools and platforms.
  • Robust reporting and analytics features for tracking project progress.

Cons:

  • Some users may find the interface and vast options overwhelming.
  • Customization features might require a setup time to tailor to specific needs.

What people are saying:

“From the moment I started exploring Wrike, I found the platform’s layout to be clear and organized, allowing me to navigate seamlessly through its various features. The straightforward workflow and well-defined functionalities meant that I could quickly grasp how to create tasks, set deadlines, assign responsibilities, and track progress without any steep learning curve.”

De Lisa P.

“Wrike continues to miss the mark on some key fundamental features of a solid project management platform. It tries to accommodate everything for everyone, which often leads to missing core features for the primary use of managing projects.”

Jason P.

Our Overall Thoughts

Wrike’s versatility and adaptability make it a powerful tool for managing projects across diverse industries. Its strength lies in its ability to tailor the project management experience to the specific needs of a team or project, ensuring that workflow is optimized for efficiency and collaboration.

3. Asana

Asana dashboard

Via Asana

Asana is known for its user-friendly interface and powerful collaboration features that simplify task management. Its straightforward design facilitates team collaboration and project tracking, making project management accessible and effective for teams of all sizes.

Pros:

  • Intuitive and easy-to-use interface.
  • Flexible task management options with robust collaboration features.
  • Good integration with other tools and apps.
  • Helpful templates for a quick start on various projects.

Cons:

  • Limited reporting features compared to other project management tools.
  • Some advanced features are available only in the paid version.

What people are saying:

“Everything is where I expect it to be. Because it’s free and intuitive to use, it’s really easy to ask others to collaborate on projects there, even people outside of our organization. The pricing structure is my biggest beef with Asana. I would upgrade if the cost per user was not so steep.”

Kim P.

“Asana is user friendly and the community blog/online help center is very resourceful. Reaching out to customer support is a breeze when running into any technical issues. We are an accounting firm so we would like to see more complex functions in Asana.”

Gina G.

Our Overall Thoughts

Asana’s focus on simplicity and user-friendly design makes it a strong candidate for teams valuing ease of use over complex functionality. However, this simplicity also means it might lack the depth required by teams with complex project management or reporting needs, positioning it as a potentially less suitable option for more detailed-oriented projects.

4. Monday

Monday project lifecycle management software dashboard

Via Monday

Monday is a versatile project management platform that offers a visually appealing and easy-to-use interface. It allows teams to organize tasks and projects in a customizable way, with multiple views including Kanban boards, timelines, and calendars.

Pros:

  • Highly visual and intuitive design.
  • Flexible and customizable project workflows.
  • Extensive template library for various use cases.

Cons:

  • Pricing can be relatively high, especially for small teams.
  • Some customization features may require a learning investment

What people are saying:

“Monday, from my professional experience, serves as an excellent tool for companies with geographically dispersed offices, having the chance to have important communication among colleagues across the globe. Several times I experienced delays in receiving the notifications from Monday.com and there was the chance that I could miss important details.”

Elene T.

“I love how customizable the platform is. We can section staff into teams to ensure the right info is displayed to the right people – this keeps things clean and allows us to categorize the content that’s applicable for different teams. It can be a little tricky to navigate the site when the menus/navigation layout changes with updates. It would be awesome if the layout of the menus were also customizable to help tailor it to your company’s specific needs.”

Emily B.

Our Overall Thoughts

Monday’s appeal lies in its customization and ease of use, which, while advantageous, comes with considerations regarding cost and the potential need for a deeper dive into its features to fully leverage its capabilities. It’s a tool that balances simplicity with flexibility, yet it might not offer the best value for all sizes of teams or budgets.

5. Jira

Jira dashboard

Via Atlassian

Jira is a powerhouse for software development teams, offering detailed tracking for issues and projects within agile frameworks. It’s specifically designed to support complex software development cycles.

Pros:

  • In-depth tracking features for software development.
  • Customizable to various agile methodologies.
  • Strong integration with development tools.

Cons:

  • Complex setup and customization process.
  • Interface and functionality can be overwhelming for non-developers.

What people are saying:

“It is fully customizable, and has several integrations. It has customizable workflows, and seamless collaboration capabilities. Its user-friendly interface simplifies task tracking, issue management, and agile development processes, and helps me to efficiently plan, track, and deliver projects. It is not suitable for medium-sized teams because of the cost. It is free for up to 10 users in a team, but if there’s like 13 members in a team, you have to pay for each member. So it is suitable only if you are a small team or a corporate.”

Amina V.

“It is great tool to track the progress of the tasks that is targetted to achieve in the given span of time. For the first time user, it has overwhelming features. Which consumes little more time than expected to explore all features.”

Kanna V.

Our Overall Thoughts

Jira remains a good option for development teams but introduces a significant complexity barrier for those unfamiliar with software development processes or agile methodologies. It’s a tool where the depth of functionality may necessitate a specialized understanding, potentially making it a less viable option for teams outside of software development.

6. ClickUp

Example of a Gantt chart created in ClickUp

ClickUp aims to be a comprehensive platform, providing a vast range of features for project management, but as we delve deeper, we start to see a trade-off between versatility and usability.

Pros:

  • Wide array of features covering almost every aspect of project management.
  • High degree of customization available.

Cons:

  • The breadth of features can make the platform feel cluttered.
  • Steeper learning curve due to the complexity and customization options.

What people are saying:

“I like the fact that as a manager it gives me an overview of all the projects that my team is working, what’s even better is that I can trickle down specifically what are the details of the project, who is the owner, what is the current status/update, and when is the due date. It can be intimidating at first as there’s just a lot of functionalities to get familiarized on but once you’ll get a hang of it user will find it very useful.”

John Epok P.

“The best part of ClickUp is the versatility of customization, offering nearly limitless possibilities of custom fields that allow for the segregation and visualization of information in a practical and applicable manner across various situations. The Dashboards section of ClickUp still presents limitations when compared to other data visualization tools. Additionally, occasional instability in the platform causes disruptions for the team using it.”

Victor M.

Our Overall Thoughts

While ClickUp offers an impressive suite of tools for project management, its ambition to cover every possible need can result in a cluttered experience. The platform’s complexity and the time required to tailor it to specific needs may deter teams looking for a more straightforward, ready-to-go solution.

7. Zoho Projects

Zoho Projects dashboard

Via Zoho

Zoho Projects positions itself as a versatile solution for project management, offering a broad set of tools for project planning, tracking, and collaboration. It’s designed to cater to businesses seeking an all-in-one platform for managing their project workflows.

Pros:

  • Comprehensive suite of project management features.
  • Intuitive interface for tracking project progress and collaborating.
  • Integration with other Zoho apps and various third-party tools.

Cons:

  • Some features and integrations may require a subscription to higher-tier plans.
  • The vast array of features can sometimes complicate the user experience.

What people are saying:

“While Zoho Projects is highly functional, its broad array of features can be somewhat overwhelming for new users, resulting in a steeper learning curve compared to other project management tools.”

Andrew H.

“All the apps are integrated. It is really functional and useful for my own business as well as for my client’s businesses. More training manuals would be helpful. Even though it is very user-friendly, a manual might teach you a lot more about the apps and what they can do.”

Linda B.

Our Overall Thoughts

Zoho Projects is a good platform for managing various aspects of project workflows, from planning to execution. However, its ambition to offer an extensive range of features might lead to a complexity that can overwhelm users, especially those new to project management software. The need for higher-tier plans to unlock its full potential also means it might not be the most cost-effective solution for smaller teams or projects.

8. Teamwork

Teamwork dashboard

Via Teamwork

Teamwork creates a cohesive environment for managing projects, emphasizing integrated chat and task management features to facilitate collaboration. It’s designed for teams looking for an efficient way to stay connected and organized.

Pros:

  • Integrated communication tools streamline collaboration.
  • User-friendly interface with flexible task management options.
  • Good integration capabilities with other apps and services.

Cons:

  • Features like advanced reporting and project portfolio management are gated behind premium plans.
  • The integrated chat feature, while convenient, may not replace more comprehensive communication tools for some teams.

What people are saying:

“The extensive project management features, effective communication tools, and intuitive UI of Teamwork.com make it stand out. Like any application or platform, Teamwork.com may include features that some users find objectionable. Its user interface, learning curve for novice users, or some features that don’t satisfy specific needs are possible points of dissatisfaction.”

Patricia P.

“Although Teamwork provides good reporting features, having more options for project performance and team productivity would be advantageous.”

Varun Preet S.

Our Overall Thoughts

Teamwork attempts to balance project management and communication in one platform, offering a solution that fosters collaboration and efficiency. With a user-friendly interface and various task management options, Teamwork provides a solid foundation for teams to stay connected and organized.

9. Celoxis

Celoxis dashboard

Via Celoxis

Celoxis is a comprehensive project management solution, offering advanced analytics and a wide range of features designed to cater to detailed project planning and execution needs.

Pros:

  • Advanced analytics and reporting capabilities for in-depth project insights.
  • Customizable dashboards and workflows to suit various project requirements.
  • Comprehensive feature set that includes resource management, time tracking, and financial management.

Cons:

  • The complexity of features can lead to a significant learning curve.
  • Customization and advanced functionality may require more time for setup and adaptation.

What people are saying:

“It’s very easy to use, and I’ve never needed to use customer support for anything. Our company uses almost all of the features, which naturally integrated into all aspects of our business. Celoxis could have better UI interface for logging hours when browsers minimize, I often have to refresh the page which can be cumbersome.”

Kathleen N.

“Easy to use and explains the whole schedule. Love the navigation and the ability to manage and track our team relationships. User interface can sometimes be difficult to navigate. Making reports can be difficult at times.”

Siddhardha N.

Our Overall Thoughts

Celoxis’ strength in depth and customization also introduces complexity, potentially challenging for teams without the time or resources to fully leverage the platform’s capabilities. While it presents a robust tool for managing complex projects, the investment in learning and customization might limit its appeal to smaller teams or projects with simpler needs.

10. Paymo

Paymo dashboard

Via Paymo

Paymo seeks to streamline project workflows by integrating task management, time tracking, and invoicing into a single platform. It’s tailored for freelancers and small to medium-sized businesses looking for an all-encompassing solution to manage projects and finances.

Pros:

  • Unified platform for managing tasks, time, and invoices.
  • Intuitive user interface makes navigation and usage straightforward.
  • Flexible task management features suitable for various project types.

Cons:

  • Limited advanced project management features compared to specialized tools.
  • The focus on simplicity might not meet the needs of larger teams or complex projects.

What people are saying:

“I like the way Paymo has been designed. With its straightforward menu sidebar, it’s easy to access everything your business needs quickly and easily. I also find it to be quite limited in comparison with dedicated accounting platforms; in particular, it lags behind in terms of features within the financial sector.”

Jamie Lee J.

“The time tracking feature in Paymo is highly accurate as compared to other competitors. It provides users with an accurate record of how much time they have spent on each task and project. The mobile app version of Paymo has limited functionality compared to the desktop version. The mobile app should also have sone features added or it may have some features which the desktop app does not have.”

Rahul J.

Our Overall Thoughts

It’s clear that Paymo’s streamlined approach may not satisfy the requirements of larger teams or more complex projects needing advanced project management functionalities. This makes Paymo a strong choice for its target audience but potentially less so for those beyond it.

Our Top Pick for Project Management Software

After evaluating the top choices for project management software, Deltek Vantagepoint stands out as the best choice for many organizations. It is especially suited for businesses that are operating within project-based industries, due to its comprehensive suite of features tailored to address the specific challenges and needs of these businesses. Here are several reasons why Deltek Vantagepoint can optimize your project lifecycle:

Tailored to Project-Based Businesses

Deltek Vantagepoint is designed with the complexities of project-based businesses in mind. Unlike general project management software, it offers specialized tools for handling the nuanced aspects of project and resource management, financial planning, and client relationship management. This focus ensures that businesses in industries like architecture, engineering, consultancy, and professional services can manage their projects with a tool specifically built for their unique processes.

Comprehensive Project Lifecycle Management

Deltek Vantagepoint covers every phase of the project lifecycle, from inception through completion and beyond. It integrates key project management functions such as project planning, time and expense tracking, billing, and resource management into a single platform. This integration ensures a seamless flow of information across all stages of a project, facilitating better decision-making and efficiency.

Advanced Resource and Financial Management

One of the standout features of Deltek Vantagepoint is its advanced resource scheduling and financial management capabilities. It provides deep insights into project profitability, budgeting, and financial forecasting, allowing businesses to make informed decisions that enhance profitability and operational efficiency. The software’s resource management tools also enable effective allocation of staff and resources, ensuring that projects are completed on time and within budget.

Professionals in a conference room looking over statistical data related to their project (Project Lifecycle Management Software)

Enhanced Collaboration and Client Management

Deltek Vantagepoint fosters collaboration not only within teams but also with clients. Its integrated CRM functionality allows businesses to maintain and manage client relationships directly within the platform, ensuring that all client interactions and project details are centrally located. The software also supports collaboration tools that help teams communicate effectively, share documents, and keep everyone aligned on project goals and updates.

Scalability and Customization

Deltek Vantagepoint is highly scalable and capable of supporting businesses as they grow and their project management needs evolve. The platform offers extensive customization options, allowing organizations to tailor the software to their specific workflows, processes, and reporting requirements. This flexibility ensures that Deltek Vantagepoint remains a valuable tool for businesses at different stages of growth and with varying project management complexities.

Industry Expertise and Support

Deltek brings decades of experience in providing software solutions for project-based businesses. This expertise is reflected in the design and functionality of Vantagepoint, which is continuously updated to meet the evolving needs of these industries. Additionally, Deltek offers extensive support and training resources, ensuring that organizations can maximize the benefits of the software.

Deltek Vantagepoint stands out as the best choice for project-based businesses due to its specialized focus, comprehensive project lifecycle management capabilities, advanced resource and financial management tools, enhanced collaboration and client management features, scalability, customization options, and the deep industry expertise of Deltek. These factors combine to provide a powerful, all-encompassing solution that addresses the specific challenges faced by project-driven organizations.

Final Observations

Organizations need project management software that can keep up with their unique needs. Deltek Vantagepoint offers just that – a robust and comprehensive solution designed specifically for project-based businesses. With its advanced features, industry expertise, and flexibility, it is the ideal choice for organizations looking to streamline their project processes and achieve better profitability.

Whether you are a small consulting firm or a large government contractor, Deltek Vantagepoint has the tools and capabilities to help you succeed. So why wait? Connect with us to upgrade to Deltek Vantagepoint today and experience the power of specialized project management software for yourself!

Frequently Asked Questions

What is lifecycle management software?

Lifecycle management software is a comprehensive tool designed to manage the entire lifecycle of a project or product, from inception through development, deployment, and maintenance. It facilitates efficient resource allocation, project planning, and execution, ensuring that projects meet their deadlines and objectives.

Which tool is used for PLM?

Deltek Vantagepoint is among the leading tools used for Project Lifecycle Management, providing an integrated platform that supports the entire project lifecycle, including planning, execution, and closure.

What are the main steps and tools of project cycle management?

The main steps in project cycle management include initiation, planning, execution, monitoring and controlling, and closure. Key tools that support these steps include Deltek Vantagepoint for overall project management, Jira for issue and project tracking, and Asana for task management and collaboration.

Embracing the power of project lifecycle management software is not just about adopting new tools. It’s about transforming business processes and fostering a culture of continuous improvement and collaboration and getting requirements management in place. At BCS ProSoft, our journey through the realms of project management has been enriched by the insights and efficiencies these tools have provided, and we are excited about the future they enable us to build.

What is integrated application lifecycle management?

It is a comprehensive approach to managing the entire lifecycle of software development, from initial planning and requirements gathering through design, implementation, testing, deployment, and maintenance. This holistic approach streamlines processes and promotes transparency and synchronization between different teams and departments involved in the development process.

What is product lifecycle management software?

Product lifecycle management (PLM) software is a specialized tool used by manufacturing companies to manage the entire lifecycle of a product, from conception and design to production and maintenance. This software allows companies to track changes in product designs, collaborate on development with different teams and departments, monitor costs and risks, and ensure regulatory compliance.

What is an ALM tool?

Application lifecycle management (ALM) tools are similar to PLM software, but they focus on managing the entire lifecycle of a software application. This includes tasks such as requirements management, code development and testing, deployment, maintenance, and eventually retirement. ALM tools help developers and project managers streamline processes and improve communication and collaboration between different teams involved in the software development process. They also provide visibility into project progress, facilitate tracking of bugs and issues, and allow for efficient release management.