Microsoft Team Foundation Server
Team Foundation Server (TFS) from Microsoft is an integrated solution for collaboration between different disciplines within software development.
Whether you are a project manager, programmer, tester, architect or business analyst: with TFS you are always part of the project workflow, always allowing you to integrate in the rest of the team.
TFS is, however, not only a tool for managing workflows an tracking (work)items, it also provides a safe and robust source control system with the option for defining custom check-in and check-out procedures.

The most important part from a project management perspective is it allows you to make reports of everything that happens in TFS. This gives you immediate feedback on the status of a project and the progress of individuals.
Online-TFS
What makes Online-TFS unique is that the entire development environment is offered as an online service. This is a completely installed, configured and managed environment.
Large and small companies can start immediately with Online-TFS, without having to worry about installation and management.
Online-TFS: a development environment which is accessible anywhere in the world, reduces your IT efforts and lowers your expenses.