For the last few years,Global Software Development (GSD) has been gaining attention of experts and researchers. Because of distance, communication and cultural issues GSD is creating hurdles for performing effective project management. In this regard, GSD provides a large number of tools and technologies to facilitate and simplify the work for project managers. To accomplish this task we have used a framework.The results of the study of 21 existing tools reveals that although GSD tools show dominating strengths in achieving some Project Management (PM )goals, yet much work needs to be done. Comprehensively, there is an ultimate need of a single GSD that could facilitate every aspect of PM.