Businesses of all sizes undoubtedly manage a plethora of projects, goals, tasks, and employees. Having a solution in place enables them to stay organized while planning and executing projects accurately, reasonably, and lucrative.
Project management software is used for project planning, scheduling, resource allocation, and change management. It allows project managers (PMs), stakeholders, and users to control costs and manage budgets.
Also, quality management and documentation may be used as an administration system. Moreso, project management software is well-utilized for collaboration and communication between project stakeholders.
This is where Monday.com is known for — the best free plan with work templates. It is an Israeli IT firm that specializes in creating real-time task and project management solutions. It’s a cloud-based project management application that streamlines how teams manage their tasks and communicate.
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Brief Background About Monday.com
Collaboration is required now more than ever. Monday.com is an all-in-one platform where teams can work on projects from anywhere. A $1.9 billion value puts Monday.com among the top project management software.
Monday.com was created in 2010. Former Wix executive Roy Mann teamed up with Eran Zinman of Conduit Mobile. The business was renamed Monday.com.
With no effective task management software on the market, IT gurus Roy Mann and Eran Zinman decided to create one. Mann formerly worked for Wix, a cloud-based web development firm, and Zinman at Conduit Mobile, a mobile company. Mann was also a co-founder of two technology companies, SaveAnAlien.com and ntt.co.il.
Two years later, daPulse, Monday.com’s initial prototype, debuted. Customers like the app’s standard features, including task assignments, one-click changes, and email sending.
In 2019, daPulse secured $150 million in a Series C investment headed by Sapphire Ventures. ION Crossover Partners, Hamilton Lane, and Vintage Investment Partners also invested. The investment valued the business at $1.9 billion.
Today, Monday.com is included in the 2020 Forbes Cloud 100. It was one of 12 Israeli businesses on the list. Among the 12 are JFrog, AppsFlyer, and Sisense, all of which provide DevOps tools.
How Monday.com Works
Monday.com is a leader in project management. Unlike Skype and Zoom, It is a full-featured communications platform. Cloud file sharing and task tracking are additionally included.
Monday.com’s virtual office has approximately 200 templates and 30 column kinds for customers to create processes. Multiple methods (Kanban, Calendar, Gantt) and panels to display data (iOS or Android). Everything in the app, from file sharing to task creation to project tracking, is done in real-time.
Monday.com’s team management tool makes it simple for teams to join and use the software. Users invite new members to the group by sending an email. They may quickly begin any project by choosing from a selection of templates according to the project’s needs.
Additionally, the team may utilize templates simultaneously to meet a range of use cases and processes. It’s simple to assign tasks to team members, and the process is evident and straightforward.
Here are the best features:
Visual Planning: Monday.com offers customers a variety of tools for planning and tracking projects. They may see the big picture or drill down into specifics using calendars, charts, files, Kanban boards, maps, or timelines. The intelligent tools provide visual planning, monitoring of progress, and advanced weekly views across many projects and teams.
Customization: The team management software is adaptable to a variety of team configurations. After establishing the team and project, users may design and manage their workflows or processes, regardless of how basic or complicated they are. Columns organize and display all of the data necessary for the team to accomplish the project. Team members may choose to record and see information about the time, allocated team members, locations, and other data in text, numeric, link, and other data formats.
CRM: Monday.com may be modified for use as a customer relationship management (CRM) system to monitor sales contacts along the sales funnel. The CRM features include lead gathering through online forms, order tracking, pipeline management, and monitoring of monthly targets.
Team Management Tool: Monday.com offers built-in collaboration capabilities, allowing users to centralize their discussions, documents, briefs, checklists, and spreadsheets for simple discussion and review. This assists in the elimination of lengthy meetings and perplexing email threads. It has native iOS and Android mobile applications that enable users to stay connected on the move.
Integration: Monday.com connects with a wide variety of popular applications and services, including Dropbox, Excel, Google Calendar, Google Drive, Integromat, Slack, Trello, and Zapier.
Pricing
Monday.com’s price begins at $24 per month for three users and increases depending on the plan selected and the size of your team. Additionally, if you have 40 or more users, you may contact us for a more accurate price.
The 14-day free trial period enables you to evaluate the Pro plan. Without paying a dime, you may enjoy two whole weeks of monday.com features.
The Basic plan is ideal for teams who are just starting with project management. It includes all of the platform’s essential features. This is ideal if you’re searching for a straightforward method of organizing your tasks and collaborating with your team.
On the other hand, the Standard plan is the most popular package, and it is the next step up from the Basic plan. You’ll get access to all of the features in the Basic plan, as well as some add-ons.
The Pro package is the most advanced offering. It contains all of the features included in the Basic and Standard plans and more parts.
Lastly, the Enterprise package is the most sophisticated pricing option. It is ideal for businesses seeking greater security, premium support, organization, and efficiency.
Pros
- The user interface is visually appealing and flexible
- Data management software incorporates email alerts and allows teams to interact through comments and forms
- Offers many templates for a range of professional tasks and sectors as well as connectivity with several popular applications like Slack, Trello, and Google Docs
- With a 14-day free trial
- With pro-rated refund
- With free version
Cons
- Per-user pricing imposes a restriction on the number of users
- Time and cost tracking is complex
- A little crowded or perplexing in its user interface
- Mobile application with a limited functionality
- Integration on a limited scale (no Salesforce, Sharepoint, and other popular third-party applications)
Other Project Management Software Alternatives
Monday.com, Asana, and Trello are the three most popular project management tools on the market that provide premium services to corporations.
In Monday.com, Asana, and Trello, you can tag your team and assign tasks, see Gantt charts and graphs, manage contacts and content, create discussion boards, and brainstorm in real-time.
Trello has the most inexpensive price (free for the basic plan, $9.99 per month for the business plan, and $20.83 per month for the enterprise plan).
Asana’s basic plan is accessible, but its premium plan costs $10 per month. In contrast, enterprise plans are priced according to their size and business requirements.
On the other hand, Monday.com is the most costly of the three. The basic package is $25 per month, while the pro and enterprise subscriptions are $59 and $118 per month, respectively.
Overall Review
Project management software has the potential to develop in complexity with each new feature.
Monday.com achieves a unique mix between capability and ease of use for any business or organization of any size, making it a fantastic project management tool.
Easy to learn, aesthetically attractive, and does everything project-related (task tracking, team collaboration, budgeting, etc.).
Also, for some, the only impediment is the cost. Monday.com provides various price levels to accommodate multiple user types. However, the cheaper tiers come at the expense of file storage space, calendars, and activity log limitations.
If your team can afford all of the features, you can be confident that this product can handle virtually anything you throw at it.
Monday.com received a near-perfect score for features making it suitable for a free plan with work templates. Nevertheless, it seemed to be lacking an invoicing tool that would let project managers charge their customers. Apart from that, this solution has everything a project manager might desire in a simple and easy-to-use package.
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