I would suggest for ValleySpeak Project Server. The best web based project Management tool which shares Microsoft Project 2007 schedules with team. Includes Project Portfolio Management, Issue Tracking, Risk Management, Timesheet Management, Document Management, Calendar Management, Forums, Reports and Project Dashboard.
A good hosted Project Management software that suits my EPM needs is called valleyspeak project server, which I found at [url]http://www.valleyspeak.com[/url]. One of the main reasons why I like the software is the fact that I could continue to work in Microsoft Project 2007 while sharing my Microsoft Project plans with my teams.
Because it is a hosted service, I did not have to buy expensive software or deal with installation and maintenance headaches. The functionality that I have with valleyspeak to manage my geographically dispersed teams works well for me. We also evaluated Basecamp and some other solutions but were not impressed.