The need for greater collaboration, more transparency in project approvals, and project workflow has led to the development of Project Management (PM 2.0) software tools. PM 2.0 extends the emergent, collaborative approach of Web 2.0 to the traditionally structured PM practice found in tools such as email and excel. The objective of PM 2.0 software tools is not only to help project managers monitor the progress of a project, but also to help team members track their own progress. These tools are the enablers of distributed collaboration capabilities that allow workers to achieve increased productivity. This study explores the different types of PM 2.0 tools available today and how they contribute to the evolution of a collaborative workplace.