You can easily display milestones, change the date format and align the tasks. You can change the colors for different phases and select a few formatting options. It gives the bird's eye view picture of the project which you can use in presentations to the executive management and the stakeholders. The timeline view offers a whole new way of looking at project phases. This is my all-time favorite so it is the number 1 reason to use Microsoft Project and I make sure I use it when I get a chance. It is an industry standard tool with huge social presence. Supports project baseline which allows creating snapshots of project schedules. Filters, groups and highlights to help with task management. Implement traffic light indicators with custom fields. Create custom fields to capture specific details. Share resources with a common resource pool. Ability to manage multiple projects with a master project plan. Different views which can be customized - task view, resource view etc. MS Project Reports - both builtin and custom. MS Project Features, Benefits and Advantages Lets start by looking at a list of top features and/or benefits. In this article we will look at some features of Microsoft Project which you can use to manage your project better. Microsoft Project has some amazing features when it comes to planning and tracking a project.