In the year of 2001, Microsoft launched a web application framework called Microsoft SharePoint. Office SharePoint is usually associated with document management and web content management systems. But actually on the whole, it is so much more than that. SharePoint, being a huge platform of web technologies can be configured into a whole variety of solution areas.

The design of SharePoint has made it a broad central application framework for general enterprise web necessities. SharePoint has a multipurpose design that allows for provisioning as well as managing of websites, internet portals, extranets, file and document management, social tools, collaboration spaces, business intelligence, enterprise search, system integration, process integration, workflow automation as well as main infrastructure for the third – party solutions.  SharePoint’s main infrastructure is suitable for providing the base technology framework for custom made applications.

The best thing about SharePoint is that it can support several organisations on one single “server farm”.  Microsoft does not charge a penny to provide SharePoint Foundation but it does sell premium editions that have extra functionality. Microsoft, in cloud computing (as a part of the company’s Office 365 framework) offers SharePoint as a service. A lot of third party sellers buy SharePoint as a cloud solution.

A user can provision websites with the help of SharePoint as it fundamentally enables the user to do so. It does not require any type of specialised knowledge. The SharePoint is the central location that manages the sites in an organisation. SharePoint also helps form communities that can build around projects, teams, clients, geographic locations. It also provides the central space to put contents like documents, files etc.

There is a lot of competition among the companies of today’s market. So, the companies need to manage expenses with accuracy, and also understand productivity. For that the companies are in great need for tools that will efficiently help project managers and employees to efficiently track projects and also present profitability and quality cost data. The Project Costing Software helps employees achieve that.