SharePoint Foundation 2010 by itself is a great platform upon which a project manager can manage the projects. SharePoint offers several list types that, on their own are simple, powerful ways to track information and when you connect these lists together, you can product a project management hub. All you need to do this are the two free products: SharePoint Foundation 2010 and SharePoint Designer 2010.
Complete Project Management course available here
Check it out here:
Project Management in SharePoint

Hi Asif,
This is an excellent start for the tutorial. Looking forward to the other parts of the series.
Thanks for the feedback Karel.
Actually, the whole course is available on http://www.sharepoint-videos.com. Here is the link to it:
http://www.sharepoint-videos.com/sharepoint-2010-project-management/