Why should Organisations have a Project Time sheeting Application?

Effective end-to-end planning is a necessary condition for completing any project irrespective of the niche.

But, how do you determine whether the plan adheres to the anticipated timeline?

How do you monitor execution and guarantee that you provide an appropriate solution on time?

The key is project management. Project management, however, is not a stand-alone discipline.

It is composed of several critical components — and time management is one of the key components.

Having a project time sheeting system could offer several benefits to organizations, including:

• Improved Project Management: A time sheeting system helps organizations track the amount of time spent on specific tasks and projects. This information can be used to improve and mature project management by identifying areas where resources are being underutilized or overutilized. This information helps management make adjustments as needed.
• Accurate Billing and Invoicing: A time sheeting system provides accurate and detailed information on the amount of time spent on a project, which is useful for invoicing clients and determining the cost of a project.
• Better Resource Allocation: The data gathered from a time sheeting system can be used to allocate resources more effectively. For example, if a project is taking longer than expected, the data can be used to determine whether additional resources are needed to ensure it is completed on time.
• Increased Productivity: When employees are aware that their time is being tracked, they are more likely to stay focused and work more efficiently. A time sheeting system can help organizations identify areas where productivity can be improved, and make changes as needed.
• Compliance with Regulations: In some industries, time tracking is a legal requirement. A time sheeting system can help organizations comply with regulations and avoid potential penalties.
• Customer/ Client Satisfaction: Effective reporting of time spent on any project ensures seamless and fare billing. Chances of any customer questioning billable hours/ productivity are much lesser when they know where the time was spent and what was achieved in the said timeline. This in turn inspires confidence in the customers/ clients. Having confidence in the vendor/ partner brings better trust. With trust comes satisfaction and better customer relationships.

Overall, a project time sheeting system provides organizations with a better understanding of how their resources are being utilized and can help them make more informed decisions about how to allocate those resources for maximum benefit.

Among other perks it offers, proper time management encourages you to track and analyze how much time is devoted to specific activities and the project as a whole.

If you are unaccustomed to time tracking, you may fear that it will overpower the team or stifle creativity. However, the truth is that keeping track of how much time is spent on every project benefits everyone.