The value of time tracking in construction project management

The essence of finishing a project successfully is good planning, especially when it is a Construction Project. 

So, how do we gauge if the plan tallies the anticipated time frame? How do we monitor execution and make sure that we give a timely solution to the need at hand? The answer is project management.

However, construction project management is not standalone. It’s composed of numerous key elements. One of those elements is time management. Time management helps to track how much time is spent on individual tasks as well as the overall completion of the project. It is generally measured in man-hours or man-days.

If you’re not friendly with the notion of time-tracking, the idea that it will overwhelm the unit or hinder creativity may be pushing you away. But the truth is, tracking the amount of time you have spent on each construction project can benefit everyone. 

To shed light on the benefits of time tracking, first, we will need to understand the concept of the same. 

What is Time Tracking in Construction Project Management?

Time Tracking in Construction Project Management is the process of monitoring how long it takes team members to complete their tasks. It helps the project manager measure the team’s productivity and utility and evaluate their progress on each project. 

Using time tracking, project managers can review and adjust their estimates for a project, such as its schedule, based on data. As well as ensuring that they are meeting their project goals, team members can assess their productivity using time tracking.

Now that the meaning of time tracking is clear, we can easily move on to the benefits it induces. 

What are the benefits of Time Tracking in Construction Project Management?

Here are some of the advantages that add value to the essence of time tracking:

Captures all your expenses: Have you been underbilling prime clientele for the time it takes to do a job? With accurate and frequent time tracking, you’ll never have to go through this issue again.

Keeps you on track: Time tracking is a great tool to help every member of your team stay on the same track. Assign a specific amount of hours to each task and project, and receive notifications when that time is nearly used up.

Adds value for the clients: You can share the details about the time taken and a breakdown of costs and hours with your clients, which helps them budget accordingly.

Improves quotes: With hours logged accurately for the varied jobs you and your associates do, you’ll quickly gather a picture of how long a job takes, so you can adjust your quotes accordingly.

Keeps tabs on the business: Time tracking shows you which employees are working on which jobs and how long it took them to complete the tasks.

Let’s you integrate with other tools: If you already use inventory, accounting, or other solutions, you can integrate your project management and time tracking for a complete, end-to-end business solution.

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By- CP360TEAM