People working for the same goal are brought together by project management in virtual environment. It doesn't matter that they are in different places, even different points of the planet. They don't need to know each others' earlier work, and it doesn't matter that they come from highly dissimilar cultural groups. It doesn't matter that they speak different languages and that their executive conducts differ very much, as well. They don't really comprehend each other and they could never learn to cope with each other in due time to cooperate in projects organized in real-time. But these things also don't matter anymore, because of the virtual environment project management system they would employ, providing them with a common language. The all-time constrictions of any project, namely costs, time and results, together with product quality, decode in any normal language. Virtual project management tools assure cooperation, based on computing and adjusting those, much more than a simple contact between people who joined one project.

These web-based cooperative tools have really revolutionized the world of project management, by producing plans and objectives, by conveying assets and roles, by covering effectiveness, by handling document management and by offering a notification feature. Today these tools make multipart large-scale undertaking portfolios manageable. The PRINCE2 from 2009 on deals with management control and organization of projects by defining over 40 individual activities structured into 7 processes. But all is even better today. Contemporary management systems supply you with a customizable workflow and versatile set of applications. You can use PRINCE2, or another ready-made system of your choice, without being restricted to any of them. You are even allowed to generate your own customizations within the management system, and reuse these assorted formulas of yours as many times as they can ensure an increased effectiveness of your management. Besides, contemporary systems are aimed at supplying you with applications that can be used with types of projects that are poles apart and be successful.

Management tools of today are to be expected a lot from. In terms of lots of users licenses for lots of applications, of planning tools and document managers, and a variety of logs, as well as total cost management, risk management and even audit documentation management. All these are included in the standard version. Awesome optional tools which are designed to manage time and performance, as well as every order or invoice implied, and a variety of help-desk facilities are also to be expected. The standard version does not incorporate them, so they don't suffocate you, but they come cost free, by request.

Management tools of today are expected to adjust to the users. Not only by creating and maintaining extensive archives for all customers' projects, but also by allowing browsing through them by custom defined keywords, for the user. The user will get completely customizable archives as well as a customizable project homepage. Users shouldn't expect suffocation at start-up, by interesting and less interesting information displayed alike, since they interact with an advanced intuitive web-based project management interface, which is capable to learn the customer's direct interests and which would adjust.

Managers today are expected to think big, because their projects really can be run. Even if their portfolios are bulky, even if those encompass budgeted projects which have diverse pecuniary sources, a distinct interpretation of each project, extracted from the overall budget and a balance will be operated for the manager, who will also be able to establish a grading between the projects in the portfolio by postulating a budget source. The manager will receive the separated and summarized stages.