PMBOK-5th test - Project Management 5th Edition Updated: 2023
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Project Management 5th Edition
The run chart created during the Perform Quality Control process on a project is used to
A. relationship between two variables
B. data points plotted in the order in which they occur
C. most common cause of problems in a process
D. frequency of occurrence
An output of the Manage Project Team process is:
A. project management plan updates
B. project staff assignments updates
C. team performance assessments
D. resource calendar updates
Within project integration management, the statement of work (SOW) references which
aspects of the project?
A. Strategic plan, business need, and product scope description
B. Contract, enterprise environmental factors, and organizational process assets
C. Business plan, project management plan, and project schedule
D. Product lifecycle, business objective, and management strategy
The CPI is .92, and the EV is US$172,500. What is the genuine cost of the project?
A project can be defined as a:
A. Temporary endeavor undertaken to create a unique product, service, or result
B. Temporary endeavor that produces repetitive outputs
C. Permanent endeavor undertaken to create a unique product, service, or result
D. Permanent endeavor that produces repetitive outputs
The Create WBS process is in which of the following Project Management Process
B. Monitoring and Controlling
The specific technique for identifying a problem, discovering the causes that lead
to it, and developing preventive actions is:
B. Use of quality checklists
C. Root cause analysis
D. Use of matrix diagrams
At which stage of the project should certain factors such as the unavailability of human
resources due to constraint be considered?
D. Monitoring and Controlling
Which of the following are examples of interactive communication?
A. Intranet sites
B. Voice mails
C. Video conferences
D. Press releases
Which of the following are inputs into the Administer Procurements process?
A. Payment systems, organizational process assets update, and claims administration
B. Inspections and audits, contract change control system, and project management plan
C. Procurement documents, performance reports, and approved change requests
D. Project documents, seller proposals, and payment systems
Which characteristic is unique to project work and does not apply to operational work?
A. Performed by individuals
B. Limited by constraints
D. Performed to achieve organizational objectives
Which of the following is an input to the Plan Risk Responses process?
A. Risk urgency assessment
B. Organizational process assets
C. Risk register
D. Schedule management plan
Project Management Process Groups are linked by:
A. the outputs they produce
B. discrete or one-time events
C. the project management plan
D. common tools and techniques
Which of the following is a means of reaching a group decision in which everyone agrees
on a single course of action?
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Looking to enhance your project management skills? Check out our list of the best online project management courses that offer comprehensive training.
Are you looking for the best project management certification course to help you advance your career or just looking to learn project management to Boost your skills? In this article, we selected and reviewed the best online project management courses, certifications and training — self-paced and instructor-led, free and paid — for professionals of all skill levels.
Top online courses for project management: Comparison chart
Here is a feature summary of the best online courses for project management.
Udemy: Beginner to PROject Manager
Created by 365 Careers, this Beginner to PROject Manager course is a bestseller on Udemy. This course teaches you how to use Gantt charts, critical path methods, project plans and budgets. It also includes 15+ project management templates that you can use to create your own projects. The course is structured in a step-by-step manner, starting with the basics of project management and gradually moving towards more advanced Topics such as MS Excel for project management, agile project management and scrum, as well as agile and waterfall.
Udacity: Digital Project Management
Digital Project Management is a nanodegree program taught by Walyce Almeida, a program manager at AWS and hosted on Udacity. This course is designed for those looking to learn about project management processes, tools, principles and practices. The digital project management course teaches you foundational project management concepts. In this course, you will learn how to translate business requirements into a project scope statement, build project plans in waterfall or agile and develop a high-performing team.
Some of the skills you’ll learn include:
Colorado State University: Online Project Management
This course is powered by Colorado State University. It’s created for project managers, project coordinators and business analysts who want to advance their project management skills or those preparing for the Project Management Professional test in order to earn the Certified Project Management Professional or the Certified Associate Project Manager certificate.
The program is structured to engage participants in a collaborative learning process, allowing them to earn project management education credits (contact hours) that count towards their eligibility for the PMP exam. Throughout the learning process, participants can earn points by participating in weekly discussions, engaging in team exercises and completing quizzes, which help track their progress.
In this course, you will learn:
Simplilearn: PMP Certification Training Course
Simplilearn’s PMP Certification Training Course is designed to help professionals prepare for and pass the PMP certification exam. The course covers various aspects of project management and the instructors train you based on the Project Management Body of Knowledge (PMBOK) 7th edition and the latest certification test content outline.
The PMP Certification Training Course gives you access to digital materials from PMI, such as audio-video content, ebooks, assessments and participant guides. It also includes nine full-length simulation test papers with 180 questions each, as well as 35 contact hours with live virtual sessions.
Master of Project Academy: Project Management Training Bundle - 6 Courses
This six-in-one course bundle provides comprehensive training on project management. The bundle includes the following courses:
Whether you’re new to project management or looking to enhance your skills and knowledge, this bundle is a carefully curated resource designed to help you excel in your project management career.
Coursera: Engineering Project Management Specialization
Authored by experts from Rice Center for Engineering Leadership, this course is designed for professionals looking to specialize in engineering project management. This course will teach you how to initiate and plan engineering projects and provide tools to develop a project scope, schedule and budget. You’ll also learn how to manage risks, control the quality of the deliverables, engage and manage people and procure goods and services.
Pluralsight: Project Management for Software Engineers
If you’re a software engineer with a knack for organization and leadership, you might find this project management course authored by Michael Krasowski interesting. The course teaches you the practical elements of working with customers, people, technology and processes. You’ll learn project management fundamentals, planning, control and execution.
Cybrary: Enterprise Project Management
Cybrary’s enterprise project management is designed for those who have achieved the PMP credential through PMI or those pursuing PMP certification. This course covers several project management aspects, including:
PRINCE2 6th Edition Foundation
Another great course for beginners is the Prince2 6th Edition Foundation online course. Prince2 has over 500K graduates worldwide and is a recognized leading project management course provider. This course will teach you how to create a business case, plan and manage change, as well as quality assurance, project scoping and deliverables.
Cornell University: Project Management Certificate Program
Unlike the other project management courses we have reviewed so far, Cornell’s Project Management Certificate Program is an instructor-led online PM certification course. The program is designed for professionals who want to enhance their knowledge of project management. You will acquire 50 project management education hours towards your PMP certification when you complete this course.
Tips for choosing the right project management course
When shopping for the best project management course for you, it’s essential to identify your learning goals. For instance, if you want to advance your career or look for higher-paying jobs, certification courses such as PMP or PRINCE2 can enhance your credibility and job prospects in the field. Your current professional stage and knowledge level will help you determine the kind of course to select:
Before settling for a particular course and provider, make sure you do your due diligence.
Ensure that the course provider is accredited by a recognized body in the field of project management, such as the Project Management Institute, Certified International Project Manager or Certified Associate in Project Management.
Frequently asked questions about online project management courses
We answered some commonly asked questions about online PM courses to help you determine the best course for you.
Which is the best certification for project management?
The best project management certification for you depends on your current career goals, experience level and industry. Whether you’re a beginner, intermediate or expert, the courses we analyzed in this guide are top-tiers and are suitable for different experience levels.
Is a PMP course worth it?
Yes, it is worth it 100%. For example, obtaining a project management professional certification can provide several benefits, such as career advancement, increased earning potential and industry recognition.
Are there free online project management courses?
Yes, there are several free project management courses. Cybrary’s enterprise project management is a free project management course.
Are online project management courses accredited, and does accreditation matter?
Not all online project management courses are accredited, and accreditation can be an important factor to consider when choosing a course.
Accreditation matters because it assures that a reputable organization has evaluated the course or certification program and meets recognized industry standards. Accredited courses are more likely to be recognized and accepted by employers and professional organizations.
What is the difference between project management certifications and online courses?
Project management certifications are designed to validate your knowledge and expertise in project management — they usually require passing an exam. They may have prerequisites, such as a certain number of hours of project management experience. Conversely, online courses are educational programs that provide you with knowledge and skills in project management. They may or may not lead to a certification.
Project management certifications claim a place in every top IT certification list because project managers are essential to IT operations. Whether you’re interested in becoming an IT project manager or want to add project management to your skills list, the following certifications will help you boost your skills and increase your value.
What to know about project management roles and certification
Next to top-level IT certifications, project management certifications are among the most sought-after tech credentials. Project management certifications enhance and expand other IT qualifications and add to a professional’s skill set.
Project management involves planning, scheduling, budgeting, executing and reporting on various projects. In the IT realm, events such as hardware and operating system upgrades, platform migrations, security patches, software updates and maintenance tasks are considered “projects,” so project management is incredibly important.
According to staffing firm Robert Half’s 2023 Salary Guide, project managers in the U.S. earn, on average, $119,000 annually; salaries reach almost $200,000 for top earners. Scrum masters earn around $112,000 nationally, and top earners can make over $180,000. Robert Half places Agile and Scrum in the top five in-demand technology methodologies, so earning a top-level certification is a surefire way to become a sought-after and well-paid project manager.
Best project management certifications
More IT professionals are seeking project management certifications these days. Various evergreen IT certifications cover different areas and skills, but all of them can help you navigate your career path and increase your earning potential. Here are several to consider.
Project Management Professional (PMP)
The Project Management Institute (PMI) stands firmly behind its PMP certification. The organization works with academia and training companies to ensure proper coverage and currency in the curricula supporting the PMP and other PMI credentials. With more than 1.2 million PMP-certified professionals globally, PMI’s PMP remains among the most prestigious project management credentials.
You can obtain college- and university-based PMP training from many institutions. You may also find PMP coverage integrated into specific degree programs (often at the master’s level).
The PMP credential is coveted by employers seeking the most highly skilled project management professionals. It is designed to ensure credential holders possess the skills and qualifications to successfully manage all project phases, including initiating, planning, scheduling, controlling and monitoring, and closing projects.
PMP-certified project managers are well versed and skilled in managing all aspects of the triple constraints: time, cost and scope. Employers depend on PMP professionals to do the following:
PMP certification standards are rigorous and include the following:
While the certification is difficult to achieve, PMP credential holders enjoy significant rewards. PMI’s salary survey revealed that PMPs in the U.S. earn an average of 32 percent more than their non-credentialed counterparts. In the U.S., PMPs earn a median annual salary of $123,000, compared with $93,000 for non-PMP-certified project managers. Additionally, PMP credential holders can earn significantly more depending on a project’s size and complexity, as well as their experience and expertise.
For those who are interested in program management or who wish to specialize in a project management area, PMI offers several interesting additional credentials:
The PMP credential 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.
PMP facts and figures:
PMP certification is also recommended for anyone who aspires to become an enterprise IT architect.
Certified Associate in Project Management (CAPM)
PMI also backs the Certified Associate in Project Management (CAPM) credential. In fact, the CAPM is considered a stepping stone for those who wish to attain PMP status. PMI describes the CAPM as an “essential first step in building a career as a project manager” but also a step that “opens the door to opportunities at every stage of your career.”
The CAPM requires the following:
No previous experience is required. The education prerequisite can be met by completing PMI’s Project Management Basics online course, which costs $350 for PMI members and $400 for nonmembers.
The CAPM is one of a small set of entry-level certifications for IT professionals who are interested in project management. However, it’s just a stepping stone to the PMP credential. Unless you work in a large organization with a project management team comprising junior and senior positions, the CAPM alone 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 role or for those who want to grow into full-time project management.
PMI issued its existing CAPM test in July 2023, so some older study materials might not be complete. For additional information about the existing test format, visit PMI’s CAPM test Update page.
CAPM facts and figures:
If you want to start building project management skills but aren’t ready to invest in an entry-level certification course, consider exploring free project management training materials.
Certified ScrumMaster (CSM)
Although different Scrum master certifications are available, our pick is the Certified ScrumMaster (CSM) from Scrum Alliance. This nonprofit encourages the adoption of Scrum and Agile practices, promotes user groups and learning events, and provides resources for professional development. The organization boasts more than 1.4 million certified practitioners worldwide.
The Scrum Alliance provides a support system for Scrum practitioners, including Scrum gatherings, professional development and retreats, 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. The certifications are designed for team members on the Scrum master, product owner and developer tracks. Each track offers credentials at the foundational, advanced and professional levels. Certification is also available for Agile leadership and guide levels.
The CSM is an excellent entry-level credential for project managers who are getting started as Scrum practitioners. Candidates must demonstrate an understanding of Scrum principles and values and will learn how to implement and apply Scrum in practice. The Scrum Alliance provides CSMs with resources, checklists and information about the Scrum master’s servant-leader role.
Certified ScrumMaster facts and figures:
Certified Six Sigma Black Belt (CSSBB)
The American Society for Quality (ASQ) issues globally recognized certifications that attest to a candidate’s expertise, mastery of industry and regulation standards, and mastery of the ASQ Body of Knowledge. ASQ offers 18 credentials, three of which specifically target project management:
The Certified Six Sigma Black Belt is ASQ’s highest Six Sigma credential. The CSSBB is for 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. Candidates must do the following:
Alternatively, candidates with at least three years of experience in one or more of the Six Sigma Body of Knowledge areas need to complete only one Black Belt project.
CSSBB candidates are expected to demonstrate mastery of these ASQ Black Belt Body of Knowledge, called standards:
The CSSBB credential is valid for three years. To recertify, candidates must earn 18 recertification units (RUs) or retake the exam. Recertification by RUs costs $90 for ASQ members and $130 for nonmembers.
CSSBB facts and figures:
Certified Six Sigma Green Belt (CSSGB)
Certified Six Sigma Green Belt (CSSGB) is ASQ’s 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 must meet the following requirements:
Currently, the Green Belt Body of Knowledge includes six competency areas:
Overall, this is an excellent credential for those who have some experience but who are not quite ready to take on the roles and responsibilities of a Black Belt.
CSSGB facts and figures:
Project resource management is an element of overall project management. It aims to maximize resources to avoid resource shortages and excess resources.
Project Management Professional (PMP) is an industry-recognised certification for project managers.
Globally recognised and demanded, the PMP credential demonstrates that you have the experience, education and competency to successfully lead and direct projects.
The PMP® certification is renowned throughout the world. Part of that marketability comes from the prestige of PMI® certifications; achieving the globally recognised Project Management Professional (PMP)® certification will provide evidence of an individual’s knowledge, experience and ability to successfully manage a project.
Who should attend?
The PMP credential recognises demonstrated competence in leading and directing project teams. Experienced project managers should consider this qualification to consolidate their skills and allow them to demonstrate and be recognised as capable project managers.
You also have to apply to the Project Management Institute (PMI) before you can sit the exam. There’s a strict protocol as they have to authenticate that the above criteria has been met prior to test attendance.
How will I benefit?
At the conclusion of the course students will:
About the Project Management Professional (PMP)®
Please note, this eLearning programme will prepare you to sit the PMP examination which is organised directly with PMI at an additional cost.
Explore the top document management software options, their features, and how they optimize your document management, collaboration, and workflows.
The right document management software makes it a snap to manage a content library, collaborate on files, gather eSignatures and digitize print documents. We’ve rounded up the best document management software for businesses of all sizes, from startups to enterprises.
Top document management systems comparison
Besides pricing, there are many other features that you should consider when choosing a document management solution:
PandaDoc: Best for eSignatures
Thanks to easy eSignature capabilities, PandaDoc is an excellent solution for proposals, quotes and contract management (Figure A). It offers an impressive library of over 1,000 document templates to choose from, and the drag-and-drop interface makes it easy to edit them. Real-time notifications for when documents have been opened, viewed and signed ensure that no document ever falls through the cracks.
Hightail: Best for sending photos and videos
While Hightail can be used for text documents, it really shines with visual media like photos and videos. If you have been struggling to send and proof these types of files via email, Hightail will make it a breeze thanks to its large file upload limits. Unlike other document management software that obscure their costs, Hightail is also totally upfront about its pricing plans — and it offers a forever free plan for light use. This makes Hightail an excellent choice for small businesses on a budget who are looking for a document management solution that won’t cost them too much.
Revver: Best for document workflows
Earlier this year, eFileCabinet and Rubex rebranded as a single document management tool called Revver. Revver automates document-dependent work with its no-code document workflow management (Figure D). This tool makes it easy to create very specific and granular document workflows, even if you don’t have any coding experience whatsoever. It also offers other cool features, such as the ability to scan and import searchable documents with OCR (optical character recognition) technology.
Revver doesn’t disclose pricing on its website; you must contact the sales team for a custom quote.
DocuWare: Best for on-premise deployment
DocuWare offers both cloud-based and on-premise deployment so that companies can choose the document software that works best for their needs. While the name might not indicate it, DocuWare also offers many additional tools besides document management (Figure E), including tools for invoice processing and employee management. Businesses of all sizes can use DocuWare, though some small businesses may find the number of features overwhelming.
DocuWare doesn’t disclose pricing on its website; you must contact the sales team for a custom quote.
M-Files: Best for automations
M-files automated workflows speed up document management for the entire team. Artificial intelligence (AI) scans to trigger workflows and set permissions automatically, reducing manual work. With M-Files, your team can model current processes with a flowchart, then supply access to the right people with permission controls. OCR capabilities make it easy to scan and digitize physical documents.
M-Files doesn’t disclose pricing on its website; you must contact the sales team for a custom quote.
Coda: Best for knowledge management
Coda.io is a digital collaboration tool that offers tools for document management. While teams can collaborate on many different types of content, where Coda really excels is knowledge management (Figure G). Teams can build and manage their own visually appealing wikis directly in the tool. Templates make it easy to start with a foundation, while interactive building blocks make the content more engaging.
For more information, read the full Coda.io review.
OnlyOffice: Best office productivity suite
OnlyOffice is an office productivity suite that includes simple document management (Figure H) as part of its features. OnlyOffice isn’t the most robust document management solution out there, but it will suffice for many small and medium size businesses who need a more advanced alternative to Google Docs. It also offers the option to purchase a license for on-premise deployment.
Key features of document management software
Creating a document from scratch each time is tedious and time consuming, which is why the best document management software comes with numerous preloaded templates. The software should also make it easy to create a document, personalize it to your company’s exact needs and then save it as a unique custom template.
File sharing and permissions
Document management software should make it simple to share a file with people both inside and outside the organization for feedback, collaboration and approvals. Document management software should also let document editors set permissions for each person so that they can determine whether they are read-only or have edit access.
Not all document management software creates a seamless experience when multiple people are editing a document at the same time. If your team often collaborates in real-time, then test out the software to see if it glitches or doesn’t save changes when multiple people are working on it at once.
Scanning and categorization
More and more document management software is now including optical character recognition (OCR) technology that scans and digitizes print documents. Some are also including machine learning and artificial intelligence technology that can automatically tag and organize documents to cut down on manual work.
Pretty much every company needs to safely store documents that contain sensitive information like bank information and Social Security Numbers. The best document management software will provide robust security protocols to protect your documents from both accidental leaks and intentional hackers.
How do I choose the best document management software for my business?
When choosing a document management software, consider your main use cases for the software: Are you looking to get contract eSignatures from clients? Are your teams collaborating on the same document at the same time? Do you need large file limits to send photos and videos? Do you need to securely store documents full of sensitive information? Are you looking to scan and digitize many PDF documents? Do you need other features, like enterprise project management or resource management? Narrowing down your exact needs will help you decide on the best document management software for your needs.
Another factor to consider is whether you want a cloud-based platform or an on-premise deployment. Pricing varies widely for document management software, so be sure to get accurate quotes from all of your top options and compare them closely. Do take advantage of free trials and demo calls so that you fully understand the capabilities and limitations of the software before signing an annual contract.
To choose the best document management software, we consulted user reviews and product documentation. We considered factors such as the pricing, user interface design, learning curve and customer support. We also consider features such as document templates, file sharing, user permissions, real-time editing, document scanning and security protocols.
Construction project management software is useful for small and large construction teams, as it helps them better manage tasks and deliverables, as well as communicate with suppliers and consumers.
The correct construction project management (PM) solution can be the difference between a team that is unorganized and frequently misses deadlines and one where goals and progress are clearly communicated at regular intervals. It also allows for budget and scope to be taken into consideration in all important decisions.
We took a closer look at the top software for managing construction projects currently on the market to find the best one. Our choices have been assessed on a variety of factors, including cost, pros and cons, as well as individual features.
Read on to find out more about the best construction PM solution for your company.
The Best Software for Construction Project Management
Below is a quick look at our choices for the best software for construction project management, with Monday leading the charge. Later on, we’ll take a closer look at each tool, reviewing the key features, any unique offerings, pricing, and much more to determine why it’s earned its place on our list:
Why Do I Need a Construction Project Management Tool?
In the right hands, software for construction management streamlines procedures and enhances project performance.
Adopting a CMS can Boost cooperation thanks to useful collaborative tools like shared docs, and you can reduce the potential for errors like missing equipment on site thanks to effective resource management.
Below are the headline key benefits.
Communication & Collaboration
Assuring excellent communication and collaboration at every project site is arguably one of the most important duties of any construction manager.
It can be challenging to manage projects as they develop and change, but it can be even more challenging for businesses with team members spread out throughout the city or even the country.
Every team member has access to a centralized point of communication when a good management system is in place, regardless of where they are working or what device they are using. This helps to ensure real-time communication and collaboration between clients, consultants, contractors, and project managers.
It should come as no surprise that there is a lot of demand to store and handle crucial documentation in construction organizations in a secure manner.
The days of paperwork being jammed into file cabinets are long gone, as businesses can now easily manage their documents from their choice of construction management software.
Having a safe and simple approach to managing documents is essential for businesses that want to stay organized.
It’s simpler for managers to adopt a productive, organized approach to project management if they use the right software, as the two go hand-in-hand. This allows managers to oversee all the vital information about staff, performance, equipment, and much more from one app.
Managers can easily track the project budget, locate critical information quickly, and prepare all the required documents, including information requests, business letters, change requests, and more.
Although sometimes disregarded, one of the most important advantages of construction management software is its capacity to swiftly and efficiently arrange operations throughout the construction organization.
A streamlined organizational system allows team members across the business to readily access the information they need when they need it, from information storage and easy access to tracking expenses, contracts, and budgets.
All the resources and tools used in construction are coordinated across project deadlines with the use of construction management software. Managers can more effectively optimize the tools and resources to match their initial project bids and estimates by reviewing resource data.
A CMS can also support contractors in managing and organizing the daily distribution of personnel, resources, and materials, tracking their usage in real time. This will allow construction managers to organize resources in a much more effective and efficient manner.
Key Features to Look for in Construction Project Management Software
With the construction project management market being a crowded space, there are bound to be many appealing-looking tools that promise so much – but knowing who to trust or what to look out for can be a little overwhelming.
To help you, we’ve compiled a list of what we believe to be the fundamental features of good CMS software, including unique features, pricing, compatibility, and more:
The Best Construction Project Management Apps Reviewed
In this section, we take an in-depth look at our top 10 construction project management apps, comparing their key features, pricing, device compatibility, and much more – starting with Monday, our top pick.
1. Monday – Overall, the Best Construction Project Management Tool in 2023
Monday is one of the best and most popular project management tools that can be used across various industries, including construction. Particularly for construction use cases, Monday provides a selection of project templates specific to the industry, such as construction roadmaps and budget forecasting, as well as RFI and document management.
What makes Monday so reliable is its ability to adapt and flourish in pretty much any industry you put it in – and construction is no different. For example, Monday offers construction-specific templates. These include general contractor solutions, construction roadmap, and construction project tracking templates.
This means you can save a ton of time and effort you’d have spent designing your own templates, instead, just fill out the premade ones and customize them to your liking. Then, you can take advantage of the collaboration features and work on these templates and documents with your teammates, using features like mentions, shared docs, and in-app chat.
We love Monday’s mobile apps, as they offer a powerful pocket-based solution for workers.
The apps even include an offline mode that lets you view timelines, documents, and more without internet access. This is especially useful for project managers who get site-specific information on the go and often travel to remote worksites.
To find out more, read our detailed review of Monday, which dives into all the nitty-gritty project management features it has on offer.
There’s an excellent free plan on offer from Monday, but, for the construction industry, it’s not really suitable given the limited number of users and restrictions.
Thankfully, there is a good range of well-priced plans on offer for teams of all sizes, with prices starting from just $8/month.
2. ClickUp – One of the Top Free Construction PM Tools
ClickUp is another top construction project management tool, and it works seamlessly with small, medium, or large enterprises looking to streamline their work processes. From pre-sales through concept to delivery, ClickUp makes it simple to plan, organize, and track construction projects.
Straight off the bat, ClickUp offers a huge range of construction-ready templates, like budget estimates, daily reports, and emergency actions, that can be finely tuned or customized to a project manager’s liking.
Once you’ve got to grips with the excellent templates, ClickUp will then assist you in working with your colleagues on them with its wide range of tools aimed at improving team collaboration.
Your team will be instantly updated on any changes that are made to your project, whether they’re made through comments or live editing.
Alongside this, you can keep tabs on every part of the construction process, for example, you can track employee time, monitor goals, create estimates, and so much more with your ClickUp subscription. This provides managers with a centralized location where they can oversee projects, staff, and much more.
You can even send contractors and designers customized forms for RFIs (requests for information) and approvals, saving a ton of time and hassle.
We really like that you can annotate and leave comments and mentions directly on the documents you’re working on so team members can track updates in real-time. The benefit of this is to have all comments and work in one place, eliminating the risk of something being missed.
There’s even a built-in messaging platform which eliminates the hassle of maintaining multiple channels, devices, or messaging apps, where things can often get messy or overlooked. This can also be used for those who work at the sites, as ClickUp offers virtually the same platform on mobile devices.
There’s a lot for project managers to love about ClickUp, including its generous free plan that small teams or individuals can use to stay on track.
However, for the construction industry, we’d recommend opting for the Business or Business Plus plan, as they include custom templates tailored to construction use, as well as extra storage and time-tracking features.
3. Wrike – Great Software with Useful Billing and Invoicing Features
Wrike being one of the best tools for construction project management is no shocker, as the platform is known for being incredibly adaptable. With it, you get useful task management tools like custom request forms and support for a wide range of construction-related apps, such as Buildxact.
There are tools for boosting productivity, like time-tracking and task management, which allows you to easily assign tasks and manage your staffs workloads.
With the time management features, you can create individual timesheets to record data and ensure that billing and invoicing are accurate. It also provides workers with an easy way to upload timesheets and create invoices off of the data.
Wrike’s interactive project timelines are spot on, as they provide a clear and instructive overview of the key components of each project. This can be done in the Gantt chart mode, and the drag-and-drop builder makes customizing these timelines easier than ever. In fact, Wrike is one of the top Gantt chart solutions out there.
The data from Wrike’s charts can then be easily analyzed by project managers through the detailed reporting features.
Reports are easy to create and distribute, and the information they include is easy to understand thanks to appealing visuals like pie charts, bar graphs, and others.
Wrike offers a strong free plan for users to get started and familiar with the software, but it’s unlikely to be enough for a small or mid-sized construction firm.
Instead, you’d be better off choosing either the Team or Business plan, which offer more features like interactive Gantt charts, time tracking, and the ability to add as many users as you want.
4. Smartsheet – The Leading Spreadsheet-style PM Construction Software
Smartsheet is another leading project management solution trusted by businesses of all sizes, and it truly excels for construction management. With pre-built solutions and templates for the industry, like roadmaps and budget forecasting, Smartsheet is a highly adaptable tool.
With Smartsheet, you can automate routine tasks to save time and stress, a feature of many of the top tools on this list. Custom workflows, in particular, are very useful in the construction industry, as they can be used to send out updates to stakeholders on the development of a site.
Also, like the other top construction project management tools on this list, Smartsheet offers a wide range of prebuilt templates that are specific to the construction industry. These include job site check-in and safety management – both of which work offline and can be used to ensure the correct tools and staff are on-site at each time.
Aside from this, there are some advanced financial management features. For example, there are templates and tools for budgeting, forecasting, and estimates that can help keep a project aligned. It can even integrate with financial services like Xero, QuickBooks, and PayPal to further streamline your processes.
You save a ton of time by not creating your project from scratch. Fill out the template and distribute it to teams on-site, where they can be accessed via the excellent mobile apps for iOS and Android, so nothing will be missed.
Although some people will find the familiar spreadsheet-style layout useful, others won’t be so keen. It can be a steep learning curve if you’re not comfortable with Excel, and some of the features are quite technical, so it’s not an ideal choice for beginners.
Smartsheet offers a good free plan that helps you learn the basics of the platform, with a restriction on the number of users and features on offer – for example, no custom construction templates on the free plan.
Instead, it’s wise to opt for the Business plan, which gives you up to 1TB of file storage and access to all the budgeting, estimate, and time-tracking features.
5. Teamwork – Budget-friendly App with Strong Collaboration Features
Teamwork’s leading project management software was designed with client work in mind, making it ideal for construction use, even if it isn’t industry specific. With it, you can deliver work on time and within budget, get rid of client confusion, and grasp profits in one platform.
Teamwork isn’t exactly built with construction in mind, but a lot of the features make it a perfect choice for construction teams of any size.
For example, there are excellent billing, time-tracking, and invoicing tools that make it easy for a project manager to view the billable hours and expenses of workers on site.
Coupled with the fact that it integrates with HR platforms and tools like QuickBooks, Teamwork offers an all-in-one solution for maintaining employee data. You can even access this offline with useful mobile apps, and workers on-site are able to upload timesheets and access key data from even the most remote worksites.
The gist is that you won’t find any dedicated construction templates here, as you would with Monday or ClickUp.
Instead, there’s a library of other prebuilt templates that can be turned into what you need, whether it’s equipment inventory trackers or construction road maps. They may not offer the exact same functionality, but the potential is there.
We did like the ease with which collaboration is accessible, with Teamwork offering some of the best tools for teams to come together and work on files (hence the name, Teamwork.) For example, there’s an included messaging service to take over the usual emails, texts, and apps like Slack.
Teamwork offers a good range of well-priced plans for construction businesses of all scales and sizes – this includes a decent free plan aimed at 1-3 users.
For the premium features like Gantt charts, and integrations with apps like QuickBooks and Google Suite, we’d recommend opting for the Grow plan.
6. Zoho Projects – One of the Most Popular PM Tools
Zoho is a well-known company with a fleet of useful apps, including a powerful project management tool, excellent CRM, and much more. It offers a good range of construction-specific tools that make it excel in a crowded marketplace, including equipment management, budget estimates, and so on.
We really like that Zoho is able to offer an all-in-one platform, especially when you connect it to the powerful CRM on offer from the provider. This makes it easy for managers to collect client data and store it safely, leading to a better relationship in the future.
It’s got excellent budget management tools for invoicing, forecasting, and earned value management – all essential for the smooth running of any construction project. These provide a key overview of each stage of the construction process, and this information is readily accessible.
The equipment managing facilities are great, as they enable you to mark resources and categorize them as equipment, machinery, or materials. This helps with ensuring the right equipment is available on a job site and reduces the risk of forgetting to maintain or bring the right tools for the job.
You get a wealth of tools aimed at improving employee collaboration, with features like forums, shared docs, and an in-app chat, all aimed at improving the overall output of your team.
Forums, in particular, offer a place for teams to share thoughts, updates, and more on the delivery of a construction project, providing managers with a clear insight and overview of employee work and behavior.
Zoho offers some of the most affordable paid plans out there alongside their strong free offering. The plan structure is simple, with a free plan accompanying the Premium and Enterprise solutions for larger teams.
7. ResourceGuru – Great Analytical and Reporting Features
ResourceGuru is another well-known name in construction project management, and it offers some excellent features to back this up. For example, it offers a robust project schedule that enables you to plan resources using real-time data, helping you manage workers and deadlines with ease.
Furthermore, there’s a useful resource directory where you can manage any equipment that’s needed on each site, reducing the risk of workers not having the right tools and causing delays to work. You can even schedule a tool for maintenance, and automated reminders will be sent to ensure this is met.
You have access to powerful reporting tools that ensure everyone has something to do. This helps to maintain productivity levels and allows project managers to assign relevant tasks to the relevant people, meaning everyone is busy, focused, and working seamlessly.
It’s backed up by Clash Management software, perhaps our favorite feature of the bunch, as it’s a simple but effective tool that makes sure no one or no equipment is double booked and helps workloads stay realistic.
Realistic workloads and no double booked equipment allows you to hit your targets without any hiccups along the way.
There are a few other construction-specific features that stand out, most notably safety standards, which allow you to track who is using high-risk equipment and assign approvers to control access. This is a huge yes for construction workers, as health and safety plays a fundamental role in everyday life.
There’s no free plan on offer from ResourceGuru, which is a little disappointing. However, as the 3 plans on offer are so affordable, you can easily look past this.
The Blackbelt plan offers the best value for money if you’re happy to skip SSO and phone support, if not, the Master plan costs just $10/month per user.
8. Procore – Specialist Software with Excellent Resource Management Functions
Procore is a leading construction project management tool that offers a few unique features like RFI and submittal management, as well as basic project management tools, like time-tracking and task management.
Procore is more specialized for construction use than other providers on this list and cuts a few corners on project management-related features. As you might have guessed, that does come at a cost – more on that later.
What you do get is a complete tool that offers multiple construction-specific features, such as timecard management for tracking hours worked, and RFI and submittal management for creating and sending RFIs within the platform.
By linking RFIs and submittals to relevant project documents or drawings, the system ensures that all information is readily available and provides context to third-parties who may view them. This ensures that nothing is missed, and for the person receiving the RFI, everything will be crystal clear.
Project teams can manage expenditures with the help of Procore’s construction financials tools, which also allow executives access to real-time information about the state of their business. Plus, with simple integrations with the likes of Xero and QuickBooks, invoicing and billing are a breeze.
Procore offers bulk time entry for individuals or a crew, real-time worker productivity tracking, and an approval process for streamlined payroll – all fundamental for the construction industry.
Believe me, your finance department will thank you for every bit of payroll automation you can implement.
The platform itself offers a simple interface that requires no customization on your side, and all of these features are incredibly user-friendly, so even beginners can get to grips with things pretty quickly.
Procore is a more specialist construction management tool, so to get an idea of how much it costs, you need to fill out some details to get a custom quote.
It would be nice to have some transparency, but this does help find the right plan for your business needs.
9. Contractor Foreman – Top Tool for Collaborating within a Team
Contractor Foreman is a cloud-based tool that assists in managing resources, records, and payments for construction projects. Notable features include project scheduling, billing and invoicing, document sharing, and time tracking for employees.
With this software, users are able to manage multiple projects at the same time and easily dispatch teams based on their availability and proximity, as the software features a useful GPS tracker – which helps keeps track of hours spent on site.
Plus, with the daily logs, to-do lists, and project planning templates, like equipment inventory, you can easily streamline the project lifecycle, and each of these can be customized to your requirements.
Contractors can quickly develop accurate estimates using the software’s custom estimation module, which has easy selections and is fully customizable. This helps to ensure that a project doesn’t go over budget and helps allocate resources to the right areas.
Its useful mobile apps make it simple to take pictures, measurements, and other crucial project documents while on the road.
Team members can handle all the documents involved in a building project in one location thanks to the document management module.
Furthermore, it’s possible to integrate Contractor Foreman with other applications like QuickBooks, WePay, Outlook 365, Google Calendar, and much more. Additional software integrations can be unlocked by using a paid Zapier account.
Contractor Foreman lets you test any of its plans out for free for 30 days, which should supply you enough time to figure out if it’s the right choice for your business.
You can opt to pay on an annual or quarterly basis, with the former offering the best value for money. Each plan increased the number of users, but all have limitations besides the Unlimited plan, where an infinite number of users can be added.
10. Houzz Pro – Great Lead Management Solution
Houzz Pro is a hybrid project management tool for the building industry. Its primary goal is to generate leads for small contractors or subcontractors, as well as offering useful project management features like time sheets.
However, it comes with fundamental construction project management features like time-tracking, custom templates for safety on-site, roadmaps, and inventory monitoring – making it an all-around solid tool.
But it’s the elements that help with lead generation that may be the most beneficial to your business, as you can create a profile on Houzz Pro to highlight previous work, acquire lists of Checked leads, and get in touch with leads directly to submit a quote on a project.
The cloud-based tool also enables you to interact with your staff and clients from a central hub, with a built-in chat and shared docs for collaborative working – ensuring no one misses out on a vital update.
You can even organize meetings, manage follow-ups, and convert leads into projects so that prospects become projects.
With the assistance of material and cost libraries, they can produce precise estimates and bids in a matter of minutes, which perfect for use within the construction industry.
Moving on from the marketing-based features, you can create construction proposals from the turnkey templates that come with the software, each of which can be customized and tailored to the correct usage.
Thankfully, as this is a specialized tool for the industry, there are dozens of useful templates, from preplanning documents right through to detailed roadmaps, financial planners, and much more.
Each plan offers a 30-day free trial, which is a great way to test the product before signing up for one of their paid plans – this is somewhat a replacement for the lack of a free plan.
Comparison of the Top Construction Software for Project Management
Now you’ve had the chance to read about each of our top providers, we’ve compiled a useful table below that gives you an easy way to view the cheapest plans, best usage, and more.
How to Choose the Best Project Management Software for Your Construction Business
It’s important to know your needs and the obstacles you confront in order to choose the best construction management solution. After all, the construction management software you choose should support your objectives.
No matter if you work as a builder, contractor, subcontractor, or project manager, the right construction management software will help you do more. It’s up to you to decide which is best for your construction company.
Here are some of the most crucial and common aspects to take into account when selecting your building project management software.
In order for your employees to execute tasks quickly and effectively, they must have instant access to the information they require. Instead of creating access obstacles, technology ought to make it easier to get the right data. User interface software is crucial since it can have a significant impact on a construction project’s overall success.
Even people with the most advanced technological skills might become frustrated with solutions with a steep learning curve. Quick and effective communication between the many teams and stakeholders engaged in a project is made possible by an intuitive, user-friendly design. By ensuring that everyone is on the same page, this helps to minimize delays and cut down on errors.
Communication & Collaboration
Any construction project’s success depends on teamwork and communication.
All project parties, including head contractors, subcontractors, engineers, architects, and developers, must work well together to ensure a successful project.
You need a point of contact, the ability to inform everyone of developments, and the capacity to go over any potential problems or modifications. When the right construction management software is used, teamwork improves, communication is simpler, and all parties can accomplish their objectives and meet deadlines.
Collaboration and communication can be streamlined by integrating construction project software with other tools, which makes it simpler for all parties to work together successfully and maintain the project’s schedule.
Construction teams can collaborate easily by linking several software packages, such as design tools, accounting programs, document management, and scheduling platforms. Integrations make it simpler for all teams to share documents and other crucial data, which helps everyone engaged to stay on the same page.
A construction project’s complexity and scope can have a big impact in terms of price, schedule, quality, and resource allocation.
A project that is excessively complex could be challenging to manage and finish on time. Similarly, if a project’s scope is too broad, there might not be enough resources to meet deadlines and stick to the agreed-upon budget.
It’s crucial to choose a platform for managing construction projects that can handle both complexity and scope. Some software solutions, for instance, might only be able to handle small-scale projects with few tasks and resources, whilst others might be able to handle large-scale projects with many stakeholders and complex tasks.
You want your chosen tool to have everything you need to succeed – think time management, budget forecasting for estimating project costs, automation for routine tasks, and much more. It basically needs to be an all-in-one project management solution, but this doesn’t mean it can’t have some bonus points for construction-tailored work.
Many of the providers on our list offer core project management solutions, like CRM, lead generation, and collaborative docs, but some go that step further and include templates for construction, like road maps and budget forecasting.
The ideal combination is to have a good range of both.
Last but not least is pricing, and this can be a tricky one to navigate. Sure, getting a good deal is what we all want, but choosing based only on the price is sure to lead you down a dark road. That doesn’t mean that the more expensive a tool is, the better it will be, not by a long shot – what you want is a good range of features for an affordable price.
Most charge you per user, while the more project management-based solutions have plans from as little as $4/month, some even offer free plans, but they won’t suit construction use. Others will supply you a custom quote based on some basic information you provide, and these are usually more specialist tools – but these will cost significantly more.
Should I Use Free Construction Project Management Software?
Free construction project management tools may sound appealing, but they’re very unlikely to be a long-term solution for your business needs, as they’re often restricting features and the number of users you can add.
What they are useful for is testing a service that may not offer a free trial or money-back guarantee, as it’s hard to know which will suit your enterprise needs best.
However, we recommend that you opt for a premium plan without any restrictions, regardless if your company size and potential to scale. This way, you get access to all of the extra features like Gantt charts, construction-specific templates like roadmaps, time and budget management features for invoicing and billing, plus being able to add as many users as you want.
Providers like Monday, our top pick for the best construction project management software, offer affordable plans and all of the features, users, and storage you require.
What’s the Best Project Management Software for Construction Businesses in 2023
The best construction management tools enable projects to work seamlessly and overall reduce the chance of errors, risks, and delays – all of which are essential in the construction industry.
All of the top providers on our list have features that make life easier, such as premade templates for each stage of the construction process, as well as useful add-ons like time management, budget estimates, and constriction road maps.
If you’re looking for the best project management software for the construction industry, we suggest trying Monday, an all-in-one project management solution with affordable plans that start from just $8/month per user.
Why use software for project management?
The best project management software provides a number of benefits, such as improved productivity, increased visibility, and better collaboration within teams. You also experience reduced error rate, improved project planning and execution, and more efficient use of resources.
What software is used for construction project management?
All of the tools on this list are used on a daily basis for construction project management, as they include features that help map out the full process. You can expect to find budget estimates, invoicing and billing tools, as well as inventories for equipment to ensure a better working environment.
Is MS project good for construction?
Microsoft Project can be used for construction, and it does a decent job. However, it lacks key features that those on this list include, such as construction-ready templates like roadmaps.
What’s the best free construction project management software?
Monday’s free plan is the best free construction project management tool, as it offers the same core features as the paid plan, but it limits the number of users to a maximum of two. For the best results, we’d suggest sticking with one of Monday’s paid plans.
What’s the best construction management software for small businesses?
Monday is the best construction project management software for small business, or businesses of any size, for that matter. This is because it offers all of the core features, like time-tracking and templates for construction on its lower-tier plans, making it a great friendly tool for all enterprises.
A new toxic trend, PMI, is set to take over the world of dating next year. Here’s how to spot it and stop it in its tracks before it ruins your next fling.
The early days of a new fling are filled with almost every emotional peak and trough in the book. From the longwinded anticipation of each text to the silent panic that sets in when you realize you’re sitting across the table from a cat person (instant dealbreaker), the dating scene can be one whirlwind of an emotional rollercoaster.
While there are plenty of valid reasons why a fresh romance won’t survive the harsh dating landscape, self-sabotage (whether intentional or not) has got to be one of the most unfortunate. Now, there’s a new trendy iteration of dating drama casting a shadow on new couples everywhere. Premature intimacy, or PMI, speaks to the urge to share too much too soon with a new partner, often leaving people feeling exposed or regretful.
Certified sex and relationship practitioner, Georgia Grace, shares with Body+Soul why healthy boundaries and a strong line of communication are so important to nurture at the start of any relationship, and why it’s crucial to look out for signs of PMI.
What exactly is PMI?
While yet another trending abbreviation might have you cursing the ever-changing Gen Z language, this one is especially important. A quick scan of the English language will tell you the word ‘premature’ is scarcely used to describe anything good, with its current dating association only reinforcing the stereotype.
PMI is the romance equivalent of TMI (too much information), incorporating whispers of love bombing and trauma dumping. In essence, the term refers to the oversharing of mind, body and soul. Imagine you’re sitting across from your date at dinner, swapping facts about yourselves and critiquing the restaurant’s playlist. Suddenly, before you’ve even had time to digest the entrees, your casual first date begins talking about your detailed future plans or reaches over to plant a kiss on your lips. Pretty jarring image right?
While intimacy is no doubt an important building block for any blossoming relationship, overstepping too early on is a surefire way to supply someone the ‘ick’. PMI can manifest in more ways than simply oversharing your thoughts on a date, such as overt displays of physical affection and deep dives into your personal information.
“[PMI] is a really hard thing to measure,” says Grace, noting every relationship travels on its own unique timeline. “Yes, it’s exciting when you start a new relationship, but it’s also important to have platonic love and friendships, to see your family and to make sure you’re going to work and moving your body in the way that you like to move it so that you still have a sense of self and it doesn’t get wrapped up or lost in this new relationship energy.”
According to relationship expert Jessica Alderson, unleashing intimacy too early on in the relationship has become increasingly more common in the modern dating landscape. PMI can be caused by a myriad of reasons, such as a deep-rooted need for validation or an inability to accurately understand social cues.
“Some people have a fear of rejection or abandonment and believe that by opening up quickly they can create a strong bond,” she shares with Stylist. “They may believe that by being vulnerable and sharing personal information in the early stages of dating, their date will see them as more desirable or trustworthy.”
What are the consequences of PMI?
Now, maintaining the right level of intimacy can be a challenge for any couple, regardless of whether you’re celebrating two weeks or 20 years of blissful harmony. Intimacy ebbs and flows throughout different stages of any relationship, but it’s important to establish healthy boundaries and expectations early on.
‘Being all in’ has no doubt been romanticized across pop culture, leaving many fresh couples feeling the pressure to imitate every smiling couple on social media, apparent products of ‘love at first sight’.
“They’re selling the dream, they’re selling romance,” Grace says of couples across the media landscape. “We cannot and should not turn to TV or social media to teach us about relationships, because often they are designed to reflect a relationship that is entertaining, that is exciting, that makes us feel. But they’re often not real.”
Exposing your new partnership to intense bursts of intimacy before it’s ready will only create cracks in the relationship, often causing irreversible damage.
There are some immediate consequences for PMI, with the most common ones being the risk of overwhelming your partner or having them misinterpret your behavior. Too much PMI early on may also lay the foundation for other issues down the track.
One of the best parts of any new relationship is gradually learning about each other’s lives, slowly uncovering the interesting facets of your partner’s personality, “A gradual unfolding of personal details can contribute to the anticipation and enjoyment of discovering more about each other over time”, says Alderson. Too much intimacy in the early days fast-tracks this process, removing the sense of intrigue that fuels attraction.
“Oversharing early on can leave little room for growth and discovery as a couple. This can hinder the development of a strong, lasting bond,” adds Alderson.
“No two relationships are the same,” explains Grace, adding that any stage of a partnership can see couples misaligned in their expectations and goals. “I would never put a time frame on anything because it’s such an individual thing.”
In a new relationship, intimacy is important for growth and connection, just ensure you’re employing self-awareness and sharing something with the right intention in mind.
“I would never suggest or recommend not opening up on a first date, but you can have a choice around how much you share and what you share,” says Grace. “And you can also set a boundary if someone is trauma dumping on you because that’s not fun and it’s not sexy and it’s kind of overwhelming.”
Global growth stalled at the start of the fourth quarter as the contraction of developed market deepened while emerging market growth further decelerated to the slowest in the year-to-date, according to the latest PMI indications. The expansions of both manufacturing and service sectors softened in the emerging market, though staying relatively resilient when compared to developed economies where conditions across both sectors deteriorated in October.
That said, price pressures showed signs of stickiness in the emerging market space with selling price inflation staying unchanged from September. In contrast, the easing of demand and output conditions in the developed world helped lower selling price inflation for a third straight month in October, even though it remained relatively elevated when compared with the emerging market print.
Forward looking indicators meanwhile point to still-expanding new business for emerging markets, but it was their developed counterparts that held a more positive view with regards to output in the 12 months ahead.
Growth momentum in emerging market weakest in 10 months
October's PMI data revealed a tenth consecutive month of emerging market growth, measured across both manufacturing and services, albeit at the slowest pace in the current sequence. This contrasted with developed markets which saw a third straight month of contraction and at a sharper pace compared to September.
Excluding mainland China, growth have likewise slowed to the joint-weakest since January. That said, the rate of expansion remained well above the series average to signal still-solid improvements in economic conditions in emerging market ex-China economies. This was as the expansion in mainland China stalled after nine consecutive months of expansion, outlining the dissipation of the post-pandemic boon.
New business growth further decelerate across emerging markets
Underpinning the easing of growth performance in the emerging market had been the softening of new business growth in October. Incoming new orders rose at the slowest rate since January and was only mild. Both manufacturing new work intakes and services new business continued to grow, but at slower rates among emerging market firms, thus signaling the softening of demand conditions.
Although developed economies saw incoming new orders fall for a fourth straight month, which should not come as a surprise given the tighter financial condition settings among developed world central banks, the rate of decline was unchanged from September's nine-month low. A slower contraction of goods new orders helped to offset a sharper downturn in services new business, keeping overall new work intake in moderate contraction.
That said, the average level of backlogged work marginally increased in emerging markets but had continued to deplete for a sixth straight month among developed market firms. The renewed rise in backlogs, alongside sustained growth in new work intakes for emerging markets, highlight the expectation for growth to sustain in the coming months. The same may not be said for developed markets as both incoming and existing orders contracted in October, pointing to still-pressured output conditions ahead.
Drilling slightly deeper into the causes of softening demand conditions, deterioration of trade conditions had been a common theme across both the emerging and developed world. It had, however, been heartening to see conditions broadly stabilize in the emerging market space, indicating that the downturn recorded in the previous quarter has been phased out. The uptick was helped by a faster services export business growth and an easing of the goods trade downturn.
Despite softening demand conditions in emerging markets, price pressures have remained somewhat sticky. Selling price inflation across emerging markets remained unchanged from September's 14-month high. In comparison, it was developed economies that led the softening of price pressures globally with the lowest selling price inflation print since December 2020. This was despite both regions showing easing cost pressures at the start of the fourth quarter.
To some extent, easing inflationary pressures supported resilience in business confidence among developed markets with the Future Output Index, the only sentiment-based PMI sub-index, staying unchanged for developed markets in October but pared to a 19-month low in the emerging market space.
India continues to lead, despite losing steam
Finally, examining the output conditions across the four major emerging economies, India continued to outperform the remaining three for the sixteenth consecutive month in October. This was backed by solid expansions of both manufacturing output and services activity in India. The pace of expansion pared in the latest month to the slowest since January, however, and was accompanied by waning confidence surround private sector output according to the latest S&P Global India Business Outlook. Concerns have risen around output, profitability and capital expenditure plans, though more positively, inflation expectations have improved with firms seeing a more stable price environment ahead.
Russia followed with solid growth recorded at the start of the fourth quarter, though likewise softening to the slowest in three months. Further increase in new work and backlogs highlight the expectations for the expansion to sustain.
Brazil exhibited resilience in October, returning to growth in October, though only marginally. Better service sector performance helped to offset a sharper downturn in the goods producing sector. Furthermore, falling interest rates and forecasts of a stable inflation environment were found to have boosted optimism among Brazilian companies according to insights from business outlook surveys.
The expansion in mainland China meanwhile stalled in October after nine straight months of growth post the easing of pandemic restrictions. Faster services activity expansion contrasted with a renewed fall in manufacturing output, albeit only fractionally in both cases. The business mood across mainland China have also softened in the latest S&P Global Business Outlook survey, accompanied by concerns over rising costs.
© 2023, S&P Global. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Purchasing Managers' Index™ (PMI®) data are compiled by S&P Global for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
At Forbes Advisor, we compared more than a dozen of the top-rated programs for contractors and hundreds of data points to finalize our list of the best project management software for construction companies. Some software are ideal for large general contractors that need to manage subcontractors, clients and multiple projects at once, while others are suitable for small businesses that offer specialized construction services.
We homed in on the criteria most important to all contractors, such as ease of use, monthly or annual cost and construction-specific features. All of the software we included offer mobile apps, so you can manage projects and teams from the field or office, financial tools for bids and proposals and/or integrations with software you already use for finances and invoicing.
Here are some of the points of data we compared to rank the software.
For pricing, we considered the starting plan cost of the software and whether a service offers a free trial. Companies that offer upfront pricing received higher ratings here than those that require filling out a lead capture form or making a call to a sales department. This accounted for 20% of our weighted scoring.
While our reviews mention a variety of features attractive to small businesses, we maintained consistency in our ratings by looking for these general features for each provider: proposal management, timelines, software integrations, dependencies, proposal management and customer access to a mobile app.
Additionally, we looked for unique features from each provider, such as costs tools, safety management, bid management, building information modeling support and client communication tools. We weighted features at 40% of our total score.
We considered what real users of the software thought about their experiences using them was also important, so considered what customers wrote about their experiences with project management software on sites that included Capterra and Trustpilot. We gave higher scores to providers who had reviews left on these sites that scored well (at least 3.5 out of 5). These accounted for 20% of the total score.
Using all of the information mentioned above, our reviewers created a scoring metric based on additional criteria from customer reviews, such as ease of use, any stand-out features, popularity and value for the money. This final section made up 20% of the total score.
How To Choose the Best Construction Project Management Software
Keep in mind that the most important features of any project management software for contractors include access, document control and ease of use. Consider these three features first when trying to choose the software that will fit your business best.
Secondary to those factors, you should know whether you need project management tools only, or if you’re going to want to manage the financial aspects of your business in one software. Sticking strictly to project management features may reduce your monthly or annual costs but do this only if you already have a system in place for bids, proposals and invoicing.
Integrations can help connect software you already use with your construction project management software, which can streamline your processes and save you time. The most important integrations would be with accounting software, email and calendars.
Marketing and lead generation features are kind of like bonuses. You may not need these if you work for a general contractor with a department that handles outreach and presales. Smaller operations might want to consider construction project management software that includes some of these tools.
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