“Time is more valuable than money. You can get more money, but you cannot get more time.” – Jim Rohn.
Take a moment, think deeply about that statement. Almost all spend their lives searching for ways to earn surplus money, but hardly ever, we think about time and its importance, it’s a limited resource!
We all have the same time available that is, 24 hours per day. You can neither store time or borrow it, nor save for later use. You can only decide how to utilize or allocate it, spend it on activities of higherrather than lower values.
When you understand the importance of time, you will also understand the importance of managing your time. Time management is all about a game of choices-projects to pursue, tasks to complete, outcomes to deliver.
Time tracking is extremely important to manage your operations profitably. If a team works on an hourly basis, time tracking helps in adjusting the rate of work. This way, your team can ensure fair payments for the quality and amount of work delivered.
Effective time management allows you to plan your days in such a way that you finish your work with less effort, make the most use of the limited time you’ve got.
Project budgeting is directly dependent on the effort estimates required to fulfil the project objectives. Thus a lot of effort goes into the project planning phase.
Extreme caution is exercised to make as perfect a work breakdown possible to track the minute of the costs associated in meeting the deliverables.
Added pressure from competition demands that we do more with less to innovate, deliver in a timely manner and stay profitable.
If your deliveries aren’t tracked properly, you will always be dependent on guesstimates and human judgement which may prove harmful over time.
“On the other hand, when you specifically know which projects consume how much time, you can quote, deliver and get paid better!”
The benefits of time tracking are known since time immemorial, yet we struggle to manage it optimally. Here are some benefits of effective time management:
Orangescrum offers a very detailed & simplified time tracking mechanism, so that you can know how your project is progressing in terms of resource, cost & budget instantly.
Logging spent hoursfor tasks is the best way to track true effort spend & ensure project success.
Productive teams are very mindful of their time tracking practices to improve their performance over time.
Orangescrum allows users to log time in 3 ways-
“Time Entry provides ability to users to provide accurate time log data, that is, you can provide start time, end time & break time for the task.”
Suppose as a project manager, I would like to see how much total time of the day has been spent by Daniel in LSS Data Migration Project.
Then I can get that report from Daily timesheet of the resource.
I can go to the Daily timesheet, select the resource name from the drop-down and find the total time spent on a particular project and day.
We can see that Daniel has spent 6 hours on 7th February on LSS Data Migration project.
A reporting manager can see the time log details of his resource on a particular daydirectly from theDaily timesheet.
He just needs to select the Date and Resource name on the timesheet page.
We can see that total 10 hours has been spent by Daniel on 7th February.
As project manager, I would like to know the total time log spent on a task in a given week.
I can get that report from the Weekly timesheet. I just have to select the Week and Resource name on the weekly timesheet.
We can see that Daniel has spent total 8 hours from 02 February-8 February.
Now, if as Daniel’s manager, I want to review the spent hour details across projects and tasks for a particular week –
We can see that Daniel has spent total 44 hours from 02 February-8 February.
As a project manager, it is really important for me to know if my project is progress on proper track in terms of time.
So tracking the estimated vs spent hours is crucial.
I can just head over to the time log page, select the specific project and add the date filter accordingly to check the spent hour in that date range.
So we can see Total estimated hour is 19 hours & 11hours 21 minutes is the total spent hours from 10th February to 14th February.
Out of 11 hour 21 minutes, 5 hours 50 minutes are the billable hours and 5 hours 31 minutes are non-billable.
Apart from list view, we can also find time log details in Calendar and Chart view as well.
From Calendar View, we can get the following details-
From Chart View, we can get the following details-
As a project manager, you can also track resources’ productivity by trackingestimated vs spent hours in a project.You can select the resource name and project from drop-down to find the estimated vs spent hour of resource.
Here we can see that Daniel Jones has spent 9 hours 15 mins on the LSSM project out of the total spent hour of 17 hours.
Value of effective time tracking can never be overstated!
Our customers demand so, the business’s survival depends on it and most importantly our quality of life revolves around it.
“Time tracking is no longer a choice but a necessity.”
The benefits always outweigh the efforts required to implement and follow the best time tracking practices.
It is not about being ahead of others or demonstrating control;rather the ability to
What is it that matters the most to you? What have you done to achieve those goals?
Be your productive best and enrich the overall work experience for your teams today!