Businesses are being run by remote teams due to the Covid-19 outbreak today. And all such organizations whose billing is dependent on time sheets, time tracking is a must.
Consulting firms, professional services, marketing and digital agencies all get paid for exchange of skilled labour time.
Accurate time tracking is crucial for organizations to build trust and bill their clients with confidence.
Time tracking is a great way to
Read on to see, how project, delivery & resource managers can collaborate with their team to maintain productivity and profitability of their projects with optimum time management practices.
Every project has quite some degree of repetitive tasks. As a project manager, you must assess how many of such tasks are considered billable. Next, estimate them as accurately as possible.
Rely on historical project data if you have been doing some time tracking already.
If not, then NOW is a good time to start tracking time spend on all such repetitive tasks.
Benefits:
Now this isn’t as straightforward as it sounds. To some this might seem like going overboard. But that’s not true.
Understand full well that projects entail a lot of activities and we cannot bill our clients for all of them.
Then there is all sorts of rework either due to quality, expectations or requirements mismatch.
If you do not have robust time tracking measures in place, you will never know if and when you will complete the project. Also, will the project be profitable or not.
Hence, when you start tracking time across all activities, you come to know what is wrong with your current execution flow.
Benefits:
Nobody likes filling time sheets. Unless of course you run behind them with a stick!
In large corporations, there are specific teams within the HR/Payroll departments that do a lot of chasing across the enterprise to get the time-cards filled on time for payroll & invoice processing.
So, you see how difficult it becomes when the teams do not buy in to adopting your time tracking practices.
There is a significant administrative overhead (read: effort and additional revenue on your company) just to get the teams to do time tracking.
So what can be done to make this attitude shift?
When teams start tracking time they can see how they fared w.r.t the original task estimates.
Resources get to compete with themselves and improve over their past performance. And there is enough motivation when this happens to continue to improve their productivity.
Benefits:
One cannot stress enough on setting up the right deadlines. All projects end up with high powered sprints to the finish line causing lot of resource burnout, sub-quality outputs and some delay in meeting the absolute deadline.
There are 1000s of things that aren’t controlled by the manager or the remote teams. It can be personal concerns, change of scope, customer priority or unforeseen work from home issues.
Either ways teams are stretched out way too thin since they are at home all the time and nowhere to go.
Hence, stuffing too many tasks into a resource’s day will not move the project faster.
You will end up stressing and distracting the team member.
When there is too much to do in just so many hours, corners will be cut, steps would be omitted, processes would be bypassed and the outcomes would be less than desirable.
This is where resource allocation and utilization reports come to picture.
When you know how your resources are allocated and who are available you can plan tasks without overloading your resources.
Most importantly, you can assign critical tasks to more experienced resources and the low hanging fruits to low cost resources.
This leads to getting work done faster, with quality and supports the profitability projections too.
Benefits:
Orangescrum offers comprehensive time and resource management capabilities that have proven helpful for remote teams across the globe.
Remote collaboration is easier with regular time tracking as you can see real time task updates on task assignments and allocations.
Hence, teams can work internally to plan their day and work week to ensure timely completion.
Let’s see how Orangescrum time tracking works.
Having a centralized remote collaboration platform is a must for your work from home teams.
Task tracking and project management tools like Orangescrum helps the remote teams to stay focused and on top of their work. It also helps them deal with distractions and assess their own performance.
Knowing what’s on one’s plate, how far is he behind schedule and what is needed to catch up acts as a great motivator to up the game.
Moreover, the value of one’s contributions are clear and hence, remote employees are willing to stay on top of their deliverables.
At the same time, the remote workers have to maintain a steady work life balance as social interactions have reduced. And ending up with work all their waking hours may not augur well for their mental and physical health.
Thus practicing robust time management tips would allow them to carve out time for creative pursuits, learn and upgrade to new skills and improve their own productivity.
When you get more work done faster you make time to do things you love. This in itself is a great incentive for team members to stick to their timelines and deliver with quality the first time around.
If you are a manager and a remote team worker, how productive have you been? Have your billable increased? Are the profit margins better or worse when compared to the good old normal work scenario?
Now, if you do not have prompt and concrete answers to the above, Start Time Tracking today!