Spreadsheets are an excellent way to pool information on workplace tasks but if you would like to see the impact of one assignment on another then perhaps you should upgrade to Microsoft (MS) Project.

The software has been created so you can enter data about current workplace initiatives and bring them to success. It assists in the organisation of your projects by analysing information you have added regarding the time and resources allocated to the task at hand. You may currently be using helpful functions built into MS Excel to detail the goals and costs of your assignment in order to get an idea how much financing is being used up by the initiative.

Spreadsheets are a useful way to see how some aspects of the project impact on others, but for an all-round, more detailed understanding of the progression of your task you may like to use MS Project instead. The application is designed for effective project management and can reveal relationships between the data you add to documents, such as the impact of delays on the costs of your project, which is its main advantage on MS Excel. Users of Microsoft Office Project Professional 2007 can relax in the knowledge that the software can help you keep track of your resources via its resource pool.

For example, it is likely that your budget is being used to fund a series of tasks throughout your project. This means that there are several areas where your finances may be affected, for instance if you are building a new product for a client and your source materials recently increased in value, this would affect the outcome of your assignment. MS Project can calculate the impact of these changes on your overall funding and relate it to other information.

In this example if project costs rose due to prices increases, the software could show you how you may be able to save money in other areas, such as using lower priced materials elsewhere. It is this ability to build relationships between information that makes the application a valuable tool in project management and training courses are available if you wish to learn more. Another aspect of MS Project that can help you plan your assignments is that is can assist you in effectively allocating resources and finances so you do not go beyond your budget.

As information, such as time and contractors, can be linked to your pool of resources, you can see exactly where they are placed so you do not over or under spend. The application can also grow with your campaign and can accurately reflect its progression, which can keep you informed on potential pitfalls. As your project continues there are likely to be certain parts that depend on others goals being met.

So if you were creating a new range of toys for instance, you would be unable to paint them until the source materials arrived at your factory. However, if you were met with delays and this pushed the day they could be finished forward you would need to recalculate the completion date. If this delay then had an impact on other sectors, such as the date you complete packaging of the range, in an Excel spreadsheet you would need to adjust the timings to reflect the present state of events.

Here, MS Project uses a special scheduling engine that will do this for you and give you an accurate picture how your finances and resources will be effected by this outcome, leaving your free to organise your time to cut the negative impacts of the delay.