Project management applications are software tools designed to help individuals and teams plan, execute, and monitor projects efficiently. They provide features such as task assignment, scheduling, resource allocation, and progress tracking, making it easier to manage complex projects and meet deadlines. These applications often include collaboration tools that allow team members to communicate and share documents in real-time. Popular examples of project management applications include Trello, Asana, and Microsoft Project, each offering unique functionalities to cater to different project needs and team sizes.