A yearly project Gantt chart is a project management tool that assists in planning and scheduling projects of all sizes, although they are particularly useful for simplifying complex projects. Gantt Charts helps you create yearly project updates, deadlines, assignments, and more for this particular reason. With the right Gantt Chart tool, you can save a lot of time and money. It should be noted here that the chart's vertical axis contains a list of the project tasks. The horizontal axis contains a graphical representation of the duration of each task. The bars in the horizontal axis are proportional to the duration of each task.