TeamTrax Lite - Version 1.1 TeamTrax is a project management tool that project managers use to keep track of team related functions. It is an easy-to-use tool that significantly reduces time spent organizing and planning team activities as well as helps you stay in control with minimum effort and with minimum time spent.If you are ever responsible for coordinating a variety of specific tasks that must be completed within a specific timeframe for a set amount of money, you are a project manager,then TeamTrax is for you.