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Key features of project management software are * Planning utilities (product based planning for instance - product breakdown structure, product flow diagram) * Gantt chart * Network diagram * Resource management * Risk management * Issue management * Daily log (optional) * Calendar * Work packages * Checkpoints * Snapshots * Cost items (optional) * Resource load diagram * Cost diagram * Reports There are other features of PM software such as integration with mail server, Sharepoint and other collaboration portals. There are a lot of products for project management. Some include * Microsoft Project * Easy Projects .NET * P2ware Planner * FogBugz

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