Web-Based Team Integration

So we've made a lot of progress since our last post, mainly due to the nightly meetings held by each of the sub-groups. We've finished a lot of the structural and component selection aspects of the design, and feel like we're generally in good shape. However, the final two weeks of the semester are bringing our work to a crawl because of all the exams, projects, and general chaos familiar to every engineering student. We won't be able to finish the design before we leave for winter break, but we now have a new tool to collaborate from home: Teamcenter. This is a team integration system developed by UGS Corp. which allows for the management of data, documents, announcements, inter-team tasks, and more in a customizable, browser-based interface. This has already eliminated the need for endless emails and keeping track of who has what version of this-or-that CAD file, and we hope that it will allow us to actually get work done without having face-to-face meetings. Does anyone out there have any experience with such a system? We'd love to get some first-hand advice on how to utilize this resource most effectively.