Microsoft Project Server is an enterprise project management software that was developed 10 years ago along with 7 other software companies. It allows manufacturing and engineering companies to achieve high performance schedules and resource utilization by centralizing project data and resources in a web-based database environment. The video demonstrates how executives can access project information through a web application. Project Server helps companies integrate and synchronize resource hours with project timelines, yielding high performance results by giving executives visibility and control over projects.