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3 important project management metrics in timeghost
The ideal image of smooth projects without unexpected obstacles often haunts the minds of project managers. In reality, unforeseen things often happen that require quick adjustments and changes. For this very reason, it is critical to never lose sight of control over the overall project.
Careful planning and monitoring of processes are imperative to ensure that projects are completed on time and within budget.
In this blog article, we will focus on three key project management metrics that can be measured using time tracking tools like timeghost.
What matters in project management?
Proper use of resources, staying within budget, and on-time completion are all high priorities in project management to ultimately ensure success. Within these areas, there are different tools that can help you and your team meet the most important metrics. In the following, we’ll show you which project management metrics timeghost measures for you and then provide you with additional tools that support you in successful project management.
Project management metrics – what does timeghost measure for you?
1. Resource planning
The first important key figure that can be measured and tracked in timeghost can be found in the area of resource planning. In timeghost you can find out during the project if the resources can be kept or if they have to be adjusted.
In order to display representative figures, you can set an hourly budget for the individual tasks within the project and assign them to an employee. In timeghost, you then set an alert that informs you when a certain hourly budget has been reached and how many percent of your resources have already been used.
Accordingly, as a project manager, you can draw conclusions during the project as to whether the resources are realistic for reaching the deadline or whether adjustments need to be made.
Here you can see how to set alerts in timeghost and get an automatic message when the hourly limit is reached.
2. Manage and adjust budgets
Another crucial metric is budget planning. Project managers need to ensure that budgets are met, and this requires a continuous target-actual comparison. In timeghost you can manage budgets by distributing hourly rates for employees. On the one hand, the labor costs are taken into account, and on the other hand, the hourly rate that can be billed to the customer.
In the profitability function you get a graphical overview of the profitability of the employees and the profitability of the whole project.
3. Time planning
In addition to the cost budget, you can also manage time budgets in timeghost. On the one hand, as an administrator, you can set the estimated time required when creating the project. During the project, you can see what the project members are currently working on and how much of the time specified at the beginning has already been used. This gives you the possibility to find possible bottlenecks in advance and adjust them accordingly.
At the same time, you get a great overview of the progress of the entire project and can assess to what extent the defined project goals can be achieved. In the dashboard, you’ll get clear graphs with different filter options that provide you with exactly the project information you’re looking for.
Other important metrics and tools
Jira
Jira allows you to create and manage tasks, tickets, sprints, and epics in an agile work environment. It is the right project management tool especially for more technical projects. It also offers comprehensive bug tracking and software development project management features.
Asana
With Asana, you get an all-in-one project management tool that includes the most important features that contribute to the success of your project. From task assignment to the ability to plan a project to reviewing key metrics throughout the project, Asana offers comprehensive functionality.
Trello
In Trello, you can perfectly visualize your projects and clearly display task lists. It is based on the Kanban principle, where tasks are organized in the form of cards on boards representing columns.
timeghost
As a project time tracking tool, timeghost helps you to clearly display your project working hours and evaluate them properly. The integration into the Microsoft 365 environment offers you great possibilities to track your activities within your Microsoft programs.
Try timeghost for 14 days free of charge and see for yourself. You can also book a 30-45 minute live demo with us, where we will give you a comprehensive overview of the product’s functionality. We are looking forward to meeting you!
3 important project management metrics in timeghost
The ideal image of smooth projects without unexpected obstacles often haunts the minds of project managers. In reality, unforeseen things often happen that require quick adjustments and changes. For this very reason, it is critical to never lose sight of control over the overall project.
Careful planning and monitoring of processes are imperative to ensure that projects are completed on time and within budget.
In this blog article, we will focus on three key project management metrics that can be measured using time tracking tools like timeghost.
What matters in project management?
Proper use of resources, staying within budget, and on-time completion are all high priorities in project management to ultimately ensure success. Within these areas, there are different tools that can help you and your team meet the most important metrics. In the following, we’ll show you which project management metrics timeghost measures for you and then provide you with additional tools that support you in successful project management.
Project management metrics – what does timeghost measure for you?
1. Resource planning
The first important key figure that can be measured and tracked in timeghost can be found in the area of resource planning. In timeghost you can find out during the project if the resources can be kept or if they have to be adjusted.
In order to display representative figures, you can set an hourly budget for the individual tasks within the project and assign them to an employee. In timeghost, you then set an alert that informs you when a certain hourly budget has been reached and how many percent of your resources have already been used.
Accordingly, as a project manager, you can draw conclusions during the project as to whether the resources are realistic for reaching the deadline or whether adjustments need to be made.
Here you can see how to set alerts in timeghost and get an automatic message when the hourly limit is reached.
2. Manage and adjust budgets
Another crucial metric is budget planning. Project managers need to ensure that budgets are met, and this requires a continuous target-actual comparison. In timeghost you can manage budgets by distributing hourly rates for employees. On the one hand, the labor costs are taken into account, and on the other hand, the hourly rate that can be billed to the customer.
In the profitability function you get a graphical overview of the profitability of the employees and the profitability of the whole project.
3. Time planning
In addition to the cost budget, you can also manage time budgets in timeghost. On the one hand, as an administrator, you can set the estimated time required when creating the project. During the project, you can see what the project members are currently working on and how much of the time specified at the beginning has already been used. This gives you the possibility to find possible bottlenecks in advance and adjust them accordingly.
At the same time, you get a great overview of the progress of the entire project and can assess to what extent the defined project goals can be achieved. In the dashboard, you’ll get clear graphs with different filter options that provide you with exactly the project information you’re looking for.
Other important metrics and tools
Jira
Jira allows you to create and manage tasks, tickets, sprints, and epics in an agile work environment. It is the right project management tool especially for more technical projects. It also offers comprehensive bug tracking and software development project management features.
Asana
With Asana, you get an all-in-one project management tool that includes the most important features that contribute to the success of your project. From task assignment to the ability to plan a project to reviewing key metrics throughout the project, Asana offers comprehensive functionality.
Trello
In Trello, you can perfectly visualize your projects and clearly display task lists. It is based on the Kanban principle, where tasks are organized in the form of cards on boards representing columns.
timeghost
As a project time tracking tool, timeghost helps you to clearly display your project working hours and evaluate them properly. The integration into the Microsoft 365 environment offers you great possibilities to track your activities within your Microsoft programs.
Try timeghost for 14 days free of charge and see for yourself. You can also book a 30-45 minute live demo with us, where we will give you a comprehensive overview of the product’s functionality. We are looking forward to meeting you!
3 important project management metrics in timeghost
The ideal image of smooth projects without unexpected obstacles often haunts the minds of project managers. In reality, unforeseen things often happen that require quick adjustments and changes. For this very reason, it is critical to never lose sight of control over the overall project.
Careful planning and monitoring of processes are imperative to ensure that projects are completed on time and within budget.
In this blog article, we will focus on three key project management metrics that can be measured using time tracking tools like timeghost.
What matters in project management?
Proper use of resources, staying within budget, and on-time completion are all high priorities in project management to ultimately ensure success. Within these areas, there are different tools that can help you and your team meet the most important metrics. In the following, we’ll show you which project management metrics timeghost measures for you and then provide you with additional tools that support you in successful project management.
Project management metrics – what does timeghost measure for you?
1. Resource planning
The first important key figure that can be measured and tracked in timeghost can be found in the area of resource planning. In timeghost you can find out during the project if the resources can be kept or if they have to be adjusted.
In order to display representative figures, you can set an hourly budget for the individual tasks within the project and assign them to an employee. In timeghost, you then set an alert that informs you when a certain hourly budget has been reached and how many percent of your resources have already been used.
Accordingly, as a project manager, you can draw conclusions during the project as to whether the resources are realistic for reaching the deadline or whether adjustments need to be made.
Here you can see how to set alerts in timeghost and get an automatic message when the hourly limit is reached.
2. Manage and adjust budgets
Another crucial metric is budget planning. Project managers need to ensure that budgets are met, and this requires a continuous target-actual comparison. In timeghost you can manage budgets by distributing hourly rates for employees. On the one hand, the labor costs are taken into account, and on the other hand, the hourly rate that can be billed to the customer.
In the profitability function you get a graphical overview of the profitability of the employees and the profitability of the whole project.
3. Time planning
In addition to the cost budget, you can also manage time budgets in timeghost. On the one hand, as an administrator, you can set the estimated time required when creating the project. During the project, you can see what the project members are currently working on and how much of the time specified at the beginning has already been used. This gives you the possibility to find possible bottlenecks in advance and adjust them accordingly.
At the same time, you get a great overview of the progress of the entire project and can assess to what extent the defined project goals can be achieved. In the dashboard, you’ll get clear graphs with different filter options that provide you with exactly the project information you’re looking for.
Other important metrics and tools
Jira
Jira allows you to create and manage tasks, tickets, sprints, and epics in an agile work environment. It is the right project management tool especially for more technical projects. It also offers comprehensive bug tracking and software development project management features.
Asana
With Asana, you get an all-in-one project management tool that includes the most important features that contribute to the success of your project. From task assignment to the ability to plan a project to reviewing key metrics throughout the project, Asana offers comprehensive functionality.
Trello
In Trello, you can perfectly visualize your projects and clearly display task lists. It is based on the Kanban principle, where tasks are organized in the form of cards on boards representing columns.
timeghost
As a project time tracking tool, timeghost helps you to clearly display your project working hours and evaluate them properly. The integration into the Microsoft 365 environment offers you great possibilities to track your activities within your Microsoft programs.
Try timeghost for 14 days free of charge and see for yourself. You can also book a 30-45 minute live demo with us, where we will give you a comprehensive overview of the product’s functionality. We are looking forward to meeting you!
