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Project easily handles all the required project management elements such as tasks, resources and costs as well as milestones and slack. Its calendar features allow easily scheduling of working and non-working time, with a variety of basic calendars included.
Report options include overview, current activities, costs, assignments, and workloads. New in this version are "visual reports": a means of creating graphs, pivot tables, and various diagrams that can be opened using Excel or Visio. These include reports for task usage, resource usage, assignment usage, task summary, resource summary, and assignment summary.
There is even a quick project management history lesson for those who are interested, oddly placed in the "What's new" section of Help. The Microsoft web site's comparison of Project 2007 versions lists "automated e-mail notification" and "Outlook 2007 integration to its calendar and To-Do Bar" as well, although I gave up searching for the means of implementing either of these options both in the program and in the Help section after what should have been more than enough time to find these features. The program does allow exporting of pictures to Excel, Word, and PowerPoint.
Since Project is designed specifically for detailed tracking of all aspects of project management, it has a full set of features beyond the basics and gives a project manager a robust means of managing projects.
