Abstract: A company project management system. The novel system includes a database server for providing multiple users with access to a project file, which includes a schedule for a project with a plurality of tasks and task dependencies, and a statusing system for concurrently obtaining performance updates from multiple users and updating the schedule in the project file with the performance updates in real time as the performance updates are obtained. In a preferred embodiment, the statusing system is adapted to control when tasks can be updated based on task dependencies such that updating for a task with dependencies is disabled unless the dependencies have been fulfilled. The statusing system may also include a tool for allowing a user to add a plurality of sub-tasks to a parent task and enter performance updates for the sub-tasks. The statusing system automatically updates the parent task based on the updates obtained for the sub-tasks.