Microsoft Project is a project management software program developed and sold by Microsoft which is designed to assist project managers in developing plans, assigning resources to tasks, tracking progress, managing budgets and analyzing workloads. The application creates critical path schedules, and critical chain and event chain methodology third-party add-ons are also available. Schedules can be resource leveled, and chains are visualized in a Gantt chart.
Today at the MS Project Conference in Phoenix Microsoft previewed the next generation of its project management system MS Project 2010. And the new version is quite interesting. It's generally known, that the main lack of MS Project is that it's not suitable for collaboration. Common users never understood its interface, and it never provided collaborative tools. Microsoft fixed this problem in its own way. First, MS Project will work only on top of SharePoint 2010 Server and will be integrated in it. So users will be able to create a project site (with Gantt Chart and task list) and easily share it in Sharepoint. Second, Project 2010 will be connected to Exchange Server and all the project tasks will be available in Outlook, Outlook Web Access and Outlook Exchange for Mobile.