The Top Project Management Software for Small Businesses in 2021

Project management software is a comprehensive suite of tools that improve team efficiency. Whether you’re running a multinational corporation or a growing nonprofit, you likely have multiple tasks that would benefit from collaboration and project tracking tools. If you need to track projects, create workflows, manage resources, maintain your project budget, and share files with your team members, then project management software is exactly what you need.

Top Rated

monday.com

monday.com is a colorful, intuitive project management software. While not the cheapest option, it's worth paying more for this tool's functionality and painless onboarding process.

Best for SMBs

Asana

Asana is a unique project management software that prioritizes both team and project manager. The platform is easy-to-use and motivates all team members to manage their projects to their own benefit.

Easiest to Use

Trello

Trello is the perfect collaboration tool for beginners and seasoned professionals alike. Track all of your professional or personal projects with one of the best kanban-based software options.

Best Value

Podio

Podio is a reasonably priced project management software that will keep your teams on track. The tool boasts comprehensive features so you can track each task's time and budget.

Best for New Users

Basecamp

Basecamp is an affordable project management software for companies looking to scale. At a straightforward flat monthly price, this tool provides all the basic functionality to keep projects moving.

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Project management is such an interesting industry due to the fact that it spans across so many different fields and professions.

Content writers, architectural firms, schools, government organizations, nonprofits, marketing firms, event managers, auto manufacturers, IT teams, and so many other professions apply any number of the project management basics in their line of work.

This means your business or organization would more than likely benefit from project management software tools and features. There are dozens upon dozens of options to choose from, and if you’re new to this market, it’s understandable you’d be intimidated by your choices.

That’s why I’ve done the heavy lifting for you and put hours of trials and experience into reviewing the most popular project tools on the market.

I’ve reviewed many of the most popular project management tools on the market today and rated them based on their ease of use, benefits, customer support, user interfaces, target markets, and affordability.

I’ve considered the nuances of what these tools have to offer given the context of their attributes and rated them accordingly.

If you’re looking for additional information about each software option, be sure to click on any named software hyperlink to find my full review.

Our top picks for the best Project Management Software:

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Top Rated

1. monday.com

   
Best Value

2. Podio

   
Easiest to Use

3. Trello

   
Best for Enterprises

4. Scoro

   

5. Hubstaff Tasks

   
Best for SMBs

6. Asana

   
Best for New Users

7. Basecamp

   
Best Support

8. Wrike

   

9. TeamGantt

   

10. Airtable

   

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Why use project management software? 

Asking this question is like asking "Why do we use cars?" or "Why do we use phones?" Sure, we could walk most places and send letters instead, but we use cars and phones because they make our day-to-day lives more convenient. The same can be said for project management software. Rather than managing your own paper budgets, communicating with your teams on long email chains, and doing your best to track team progress through meetings and calls, project management software combines all these functions and more in an easy-to-track system. Project management software is like the task assistant you’ve always wanted.

The best project management software options make sense of the mess, act a project tracker, and streamline your day-to-day operations through these four core functions:

Ease of collaboration

Basecamp messages screenshot

Image source: Basecamp’s message board

One of the biggest responsibilities most project managers face is bringing team members together to complete a single task. In the past, I’ve seen countless projects collapse through lack of communication and the most common phrase I’ve heard from those involved was "Oh, I didn’t know I was working with [insert person here]."

It’s not easy getting an entire team on the same page when everyone has their own ideas and systems. Project management software will help you bridge these gaps through collaborative tools such as messaging functions, file sharing, group chats, and dashboard features.

Resource and budget management

MavenLink Fee and Cost Burn Against Budget Chart Example

Image source: Mavenlink’s budget projection tool

When managing projects, not only do you keep track of tasks and people, but resources like time, money, and assets as well. Use project management software to help you track your tools and supplies, reduce expenses wherever possible, and even notify other managers when resources go missing. You can’t afford to let your project collapse under the weight of separate management systems, so slim your operation down to one project management software.

Scheduling and planning

Podio Task Interface Example

Image source: Podio’s task list system

As a project manager, one of your biggest struggles is fighting against the clock. You’re constantly scrambling to meet deadlines and plan out future tasks to keep your team on schedule. Project management software is the key to scheduling and planning every move. Create a project management plan to set deadlines for tasks, plan out future steps, and keep your team members notified of all project changes. Imagine all the time and headaches you will save using a project scheduling software tool for the creation, organization, and completion of all of your tasks.

Tracking and documentation

Jira Dashboard Example

Image source: Jira’s KPI dashboard

I’m sure you’re always looking for ways to improve with each new project your company or organization takes on. Instead of relying on multiple different tools for storing and documenting your progress, project management software gives you the ability to learn from each project using documentation and reporting features. Most, if not all, project management systems provide users with key performance indicator (KPI) dashboards, insight reporting, and central data storage perfect for measuring successes and shortcomings.


What are the different types of project management software?

Project management software is split into two separate categories: “Deployment" and "Use."

Deployment types

  • Desktop: With the creation of cloud-based software, desktop-deployed project management software is considered an older deployment type. Desktop project management software is typically used by single users rather than large organizations due to its limited collaboration capabilities.
  • Web-based / cloud-based / software as a service (SaaS): Most new project management software options fall under this category. Web-based/cloud-based/SaaS software isn’t installed on any one machine but instead runs through a web browser on the internet, making it accessible to anyone so long as they have internet access. This type of project management software is best for large organizations or teams that require lots of collaboration, data storage, and remote access.
  • Mobile: This deployment type is a subsidiary of the web/cloud/SaaS deployment type. Mobile project management software is accessible through smartphone and tablet applications. If you’re looking for flexibility and on-the-go access to your team, make sure your project management software offers mobile functionality.

Use types

  • Personal: This type of project management software is used at home to manage lifestyle projects or even family functions. These project management systems offer far fewer features than commercial systems, leaving out large collaboration functions or mass data storage. Unless you’re managing a small, at-home project, you won’t have much need for this use type.
  • Single-user: A single-user project management software may share some similarities with the personal user type. However, these systems are typically more commercially focused with only one user in mind, and are best suited for small businesses. If you don’t require any collaboration features, then this is the type of project management software for you.
  • Collaborative: When most people think of project management software, this is the most common type that comes to mind. Most collaborative project management tools on the market are web/cloud/SaaS-based and offer lots of team-centric features, including data storage, calendar sharing, resource tracking, and KPI tracking. Chances are, this is the most likely type of project management software your organization will require.

Key project management features:

Management and planning features

  • Task prioritization: Want your team to know what comes next and what is already completed? Your project management software will need task prioritization functionality. This way you can plan out tasks based on their urgency and importance for accomplishing a goal.
  • Shared team calendar: Task lists and schedules are helpful, but sometimes your team needs a visual aid to keep them on top of everything that is happening. A shared team calendar will keep your team in the loop with upcoming tasks, meetings, and relevant events all in one place.
  • Task scheduler: No project management software is complete without some form of task scheduling feature. Use the task scheduler to let your team members know what, where, and when their work is due.
  • Resource management: If you want to know what you have when you have it, then your project management software needs a resource management feature. This way you’ll never lose track of your physical materials, assets, and tools for your project. Also, it doesn’t hurt to track where all the Post-it notes keep disappearing to.
  • Time tracking: Want to know which app feature Terry spent 36 hours building this week? You’re going to need time tracking. Time tracking is a required feature for any project using contractors with billable hours. Track and store hours spent on tasks, not only for billing purposes but also to plan out time needed for similar tasks in the future.

Documentation features

  • Document storage: All projects require lots of documentation, and what better way to keep track of it all than on your project management software? Store all your contracts, documents, and spreadsheets in an easily accessible location using your project management software .

Collaboration features

  • Communication: Any project management software worth its salt needs some form of communication, whether that be chat functions, message boards, forums, or task comment sections. These features will help bring your teams closer together and prevent mistakes.
  • File sharing: File sharing typically goes together with any communication features. Share files and other resources with team members and other project stakeholders. Also works great for cat-picture sharing!
  • Team dashboards: What project manager doesn’t want to know what their team is up to? Team dashboards are where you find all of the tracking data for everyone involved in your project. Track team KPIs such as earned value, return on investment, planned vs. actual hours worked, and other metrics in one convenient location.

Budgeting features

  • Budget reports: In the end, it’s all about the money. Find out what you’re spending all of your money on and what you need to cut back on by using exportable budget reports.
  • Invoicing: Why wait to get paid? Send automated reminders and collect payment from clients in order to stay on top of your budget using an invoicing function.
  • Budget dashboards: Sometimes you don’t need a fully detailed and printed budget report. Keep it simple and track all your current expenses live in one convenient location using a budget dashboard.

What to consider when buying project management software

When buying a project management software system, it’s important to know exactly what your teams will need, how they will use it, and if there are any additional functions you will need in the future. If your projects only focus on internal functions, such as managing an internal marketing project, chances are you won’t need any budgeting or invoicing features. You don’t need to spend all your money on a massive project management tool, like Microsoft Projects or Podio, when you’re only planning to use half of the features during your project management process.

If you plan on widening your scope of work, the best project management software is one that offers multiple pricing tiers of features based on your needs. Tools like Mavenlink offer cheaper versions of their software with basic task management and collaboration features with the ability to upgrade to more elaborate systems when needed.

Lastly, you don’t have to blow through your budget to get quality project management software. If you do your research and read my reviews, you’ll find that quality is affordable. Don’t go with the first product that you find just because it’s a popular system; popularity doesn’t always equal quality. Chances are you won’t need the most expensive software out there to solve your problems. Go with what you can afford, thoroughly test the products, put their customer support to the test, then decide.


Frequently Asked Questions

How much is project management software going to cost my business?

Unfortunately, there isn’t a straightforward answer to this question. Many project management software vendors offer their product for both a monthly and annual rate; however, some still adhere to the antiquated model of a one-time purchase. Most software companies are moving to a subscription-based service model rather than requiring customers to buy their product outright.

Typically, if you opt for an annual rate, vendors will offer you their product at a discount versus their month-to-month rate. These monthly rates range from as low as $5/month to as high as $800+/month, although those kinds of high-end rates are rare. As for one-time purchases, these vendors offer their software for upwards of $5,000+ to buy their product outright.

Pricing models and tiers also vary based on the offered features, the number of users that will have access to the software, and support systems available. Finally, some companies even offer their product for a flat monthly rate with all features included, unlimited users, and full access to their customer support.

On the flip side, some project management software vendors don’t advertise their pricing at all. If a vendor does not openly advertise their pricing on their website, this often indicates that their software is versatile and customizable based on the specific needs of the client. One thing to keep in mind, if the price isn’t readily available, is that the price tag will likely be high, so get your wallet ready.

Should I use free project management software?

“The best things in life are free – and $19.95." – Billy Mays

As I explained above, what is most important is finding project management software that suits your needs, not always what you pay. If your needs don’t go any further than a task manager and basic collaboration features, there are lots of free options out there to choose from. In fact, many paid project management software products out there, such as Airtable, Podio, and Pipefy, offer free starter versions of their software.

Keep in mind that these free options typically come with barebones customer support, minimal features, and limits on users. If all you’re looking to do is organize a small internal project without any money management or outside help involved, then there is nothing wrong with using a free option.

At the end of the day, what’s most important is finding a project management tool that suits your needs and will work when you want it to.

What is the best project management software?

Just like the first question, there isn’t a simple answer. No two projects are the same and certain project management systems lend themselves to certain needs better than others. For example, Basecamp is one of the best project management platforms for increasing team collaboration, whereas Wrike is one of the best tools for Agile project management.

The best project management software is the product that best suits the needs of your processes and teams.

Bank CD rates has a Disclosure Policy. The Author and/or Bank CD rates may have an interest in companies mentioned. Click here for more information.

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of Bank CD rates’s board of directors. Bank CD rates owns shares of and recommends Atlassian, Microsoft, and Smartsheet. Bank CD rates has a disclosure policy.