> I am looking for a project management software something free and web-based.

How about just using trac? http://trac.edgewall.org/

Trac is not as pretty as Basecamp (which is cheap, but not free) and
takes a little setup but works pretty well, especially for managing
bug requests/milestones etc. although it is not as full-featured as
project-open seems to be. I think http://svnrepository.com provides
you with trac and subversion for a low monthly fee, if you don't want
to pay for hosting, etc.

I haven't used project-open and I know Venky swears by it, but it
seems to be 'everything-and-the-kitchen-sink' - if that's what you're
looking for.

Cheers,
Aditya

-- 
Aditya (http://aditya.sublucid.com/)

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