Project management tool software is a solution used to help teams coordinate and manage their projects with increased efficiency. It offers features ranging from task tracking to resource allocation to cost and time reporting, allowing teams to collaborate on multiple tasks and stay organized at the same time. Its ultimate goal is to provide better visibility and insight into project progress, enabling teams to identify issues before they become costly mistakes. By utilizing project management tool software, teams can reduce their reliance on spreadsheets and manual processes, streamline operations, and incorporate best practices from top industry professionals.