Project management has become a hot issue in recent years due to the global economic decline. IT is trying to find ways to reduce cost while adding value – a constant refrain from CIOs and business executives alike, translating into a new push for project management software to grow and respond. Traditionally, developing project management software was done by the company that planned to use it, and could result in a large and costly project to build. But as Stacy Goff explains, the rise of SaaS has helped more companies find project management software “off the shelf”: On the technical side, software as a service, or SaaS, delivery models are making project management software more accessible to more organizations, particularly smaller ones. What's more, the growth of Web-based social media — from Facebook to Twitter — has put a focus on making project management software more collaborative, flexible and user-friendly. Today's project management software accelerates communication — across the hall or across great distances — and improves business results. Due to cost containment measures, Goff believes Project management offices, portfolio management practices, and other process enforcing techniques will continue to have a stronger presence in IT's day to day operations, ultimately reducing costs and increasing productivity.