What is project management software?

Project management software is designed to help businesses and teams plan, monitor, and execute projects. It centralizes different aspects of a project from tasks, expenses, and timelines in one platform for easy access and convenience.

What benefits does a project management software offer?

Project management software offers a wide variety of benefits including the acceleration of project setup, trackable hours spent on projects, and a complete breakdown of a cost analysis.

What are some features of a project management software?

Some key features of a project management tool are creating expense insights per project, generating budget reports and analysis, and tracking billable hours.

How does project management software work for employees?

Employees will be able to see tasks that are assigned to them, deadlines, and any necessary related documents needed to complete the project when using project management software.

What is a task in project management?

A task in project management refers to a specific assignment that needs to be completed in order for the project to move forward or be finished. These tasks can be defined and assigned to a specific employee when using Factorial's project management tool.

Is Factorial's project management software beginner friendly?

Yes! Factorial's project management software provides a user-friendly interface for employers and employees alike. Users can quickly view tasks, expenses, and documents related to each project.

The project management software to run projects that are actually profitable

Plan tasks, manage team capacity, and track real-time costs in one place. Connect your operations with finance to ensure profitability on every project.

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More than 15,000 companies already use Factorial every day

Disconnected data, disconnected teams

Stop wasting time chasing scattered project data

Time, costs and resources live scattered across spreadsheets and tools

No real-time visibility into capacity or profitability

Manual errors that slow down teams and create errors

Real-time profitability

Your costs, hours, and revenue always in sync

Hours, salaries, expenses, and bill rates sync automatically

Live profitability updates for every project and phase

One source of truth to plan, budget, and act confidently

Turn your project management processes into your power

When your operations are scattered, you lose speed.

Start every project with a winning plan

Build detailed quotes based on your team’s actual costs and capacity, ensuring margins are secure before the client even signs.

Structure quotes into clear phases with internal costs and margins per role

Auto-generate a project from the approved quote

True profitability

Profitability isn’t a guess. It’s a metric you control.

Combine operational data with financial insights to give you a real-time view of your business health.

Flexible billing rates

Set custom rates by role, seniority, or phase to reflect the true value of your work.

Phase-by-phase margins

Track margins by phase to isolate exactly where you’re winning or losing.

Live budget consumption

Watch your margin update live the moment a cost is logged, with no delays.

Total cost centralisation

Link expenses and labour costs for a single, bulletproof financial view.

Less chaos. More profit.

Boost project profitabilityGet real-time insights into costs and margins so you can manage budgets proactively and avoid surprises.

Balance your team’s workloadsAssign work and tasks based on actual capacity, helping teams stay productive and engaged.

Streamline collaboration and approvalsKeep projects moving forward with easy task management and fast approval processes.

Make smarter decisions with dataUse detailed, live tracking to identify risks early and improve future planning.

Built for the whole team

Whether you’re managing the budget or doing the work, Factorial makes like easier.

See what companies have to say about Factorial

Understand how HR project management can help you

Easy to use, all-in-one HR software“Factorial integrated all our operations together. They were great at always helping us to get onboarded. You could tell they really cared about helping us and not just selling us a platform.”

Success story ofOliant

Size50+

IndustryIT & Tech

Project Management FAQ

Read all the most frequently asked questions and answers about HR project management software.