Best Project Management Software 2020 – Latest Study Released By 360quadrant.

Project management softwareis a computer program thatenables project managers and other team memberstocommence, plan,implement,track,anddeliverprojects ofall sizes and kinds. Project management softwarehas been created toplan andstoreprojectresponsibilitiesandevents,arrangeagendasanddeadlines,addressprojectproblems,allocate and manage project-related expenses,setupassociationandsupportamongprojectmembers,managequality,bring togetherproject teams,andmanagehuman resourcesas well asproject updates.The bestproject management softwareallows businesses to manage theirprojectsthrough all thephasesoftheproject lifecycle,right fromprojectideationandcommencementtoprojectimplementation andconclusion.

360Quadrantshas released a quadrantonbestproject management softwareto help businesses make quicker and more informed decisions.Rankingquadrants are generated post analysis of companies (product portfolios and business strategies)andwill be updated every three months based on market and regional analyses and developments in theproject managementindustry. 360Quadrants conducts an in-depth SWOT analysisthathelps service providers learn about new opportunities and areas where they lag behind their peers. It also helps clients choosethe most appropriate vendor for their requirements.?

CATEGORIZATION OFPROJECT MANAGEMENT SOFTWAREPROVIDERS

360Quadrantsevaluated45 companies in thebestProject Management Softwaremarket,out ofwhich18werecategorized as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.

Asana,Smartsheet, Wrike,Airtable, Zoho Projects, Trello,Basecamp,MeisterTask,ClickUp, Teamwork,WorkFront,Aha!and Monday.com have been identified asVisionaryLeaders,as they have established product portfolios and a robust market presence&business strategy.

Proofhub, andTeamleaderhave been identified asInnovators,as they have focused product portfoliosand innovativebusiness strategies.

Redminehasbeen identified asEmergingCompanies,as they have niche product offeringsand decent business strategies.

Flow,Freedcamp,EasyProjectsandThrivehave been recognized asDynamicDifferentiators,as they are largely dependent on their competitive R&D activities.

360QUADRANTSCOMPANY EVALUATION METHODOLOGY

TopProject Management Softwaremarketwill be rated using the following methodology:

1. A highly experienced team of researchers and senior analysts conductsextensive research to generate a list of vendors (competitors).

2. A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria forProduct MaturityandCompany Maturity.

1. Criteria underProduct Maturityincludebreadth and depth of product/service offering,product features and functionalities, product differentiation,and theirimpact on customer value.

2. Criteria underCompany Maturityincludegeographical footprint, partner ecosystem, financial stability,andclient coverage or sector footprint.

3. Approximately 20+ in-depth parameterswill be considered for researchintotheProject Management Softwaremarket. These parameters will be updated everysixmonths to ensurethelatest developments are taken into consideration.

4. A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:

1. Buyers

2. Industry Experts

3. 360Quadrants Analysts

4. Vendors (Competitors)

6. The inputs are analyzed, and a final rating is assigned to each vendor (competitor).
7. After the finalization of ratings, each vendor is placed in the most relevant quadrant based on their score.

ABOUT 360QUADRANTS

360Quadrants?is the largest marketplace looking to disrupt USD3.7trillion of technology spends and is the only rating platform for vendors in the technologyspace.The platform provides users access to unbiased information that helps them make qualified business decisions.?The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors.?Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields likeAccounting Software,Human Resource Software,andVirtual Machine Software.

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