Microsoft Project is a type of a project management application developed by Microsoft, which is abbreviated as MSP, MSOP, WinProj or WinProject. As with all project management software and utilities, Project is a project management tool that allows project managers to develop and maintain plans, allocate resources to outstanding or current tasks, budgeting, and project analysis and workload estimation. Microsoft Project is marketed as part of the Microsoft Office family, although it has never been part of the Office suite, and is instead sold separately and as a stand-alone software; it has been, like most of the applications in the Office line-up, the dominant application in its field, becoming the definitive, "go-to" software for project management and analysis. Using the MPP file format, Microsoft Project comes in two editions (Standard and Professional, with the latter offering more souped-up features), and is part of the Microsoft Office Enterprise Project Management, the other being Microsoft Project Server.
As a project management tool, Microsoft Project enables an administrator or a project manager to assign budgets depending on the tasks at hand and the resources (which can mean people, equipment, or materials). It also allows for scheduling and cost estimation, which can start from task level, to task summary level, and finally to project level.
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