A Web-Based Project Management Tool is a software platform designed to help organizations coordinate and manage projects in an efficient, streamlined way. This type of tool typically allows multiple stakeholders to collaborate on tasks, monitor progress and share information in real time. It also helps keep track of resources and costs associated with each project, making it easier for organizations to stay on budget and avoid costly delays or losses. By utilizing the power of web-based project management tools, organizations can boost efficiency and productivity while ensuring successful results.