GanttProject is a tool definitely worth its salt. This tool allows one to create a work breakdown structure in a clear concise manner. It allows one to visualize the project, and see the sequencing and dependencies. The other tab for resources assists in managing resource, which at times is a critical risk to the project.
The one problem with most PM tools that I have found is that there needs to be the level of detail wbs plan, and the high level milestone plan. This is still the case with this tool, but the cost of the tool is not very prohibitive.
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