You are a project manager leading a team for a construction project. Due to the complexity of the project, you need to implement a Project Management Information System (PMIS) to efficiently manage project information and activities. You decide to conduct a training session for your team to familiarize them with PMIS and its importance in project execution. Which of the following best defines a Project Management Information System (PMIS)?
1) A document management system for organizing project files and documents such as MS Word or Sharepoint.
2) A communication tool used for sharing project updates and progress reports such as MS Teams.
3) An integrated set of software applications and processes for collecting and utilizing project information effectively.
4) A system used solely for scheduling project activities and timelines such as MS Project.