The significance of using cloud-based tools in project management lies in their ability to foster collaboration, improve accessibility, and enhance efficiency. These tools enable team members to work together in real time, regardless of their physical location, which is especially crucial for remote teams. Cloud-based project management solutions offer features such as task assignment, progress tracking, and document sharing, all in a centralized platform. Consequently, they streamline workflows and enable better communication, ensuring that projects stay on track and that resources are effectively utilized, ultimately leading to project success.