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Livetecs
The phrase "time is fleeting" had never had more relevance than it does in
the 21st century as today's executives and project managers confront
overwhelming demands on their time. Time has become as critical as money.
Many companies, however, are not yet accustomed to allocating and investing
it with the same level of care as they would with more traditional assets.
Most business executives and project leaders understand that time must be
managed, accounted for, and invested in ways that maximize return, but this
is open easier said than done. Companies seldom possess the right processes
and infrastructure to make the most of time resources. They often confuse
the cone business process of time resource allocation with simple timesheets
or time management calendars. This is u dangerous as confusing a simple
check register with a company's capital investment strategy.
The companies that skillfully manage their portfolios of internal and
external projects-ensuring that all projects help the company make
money-will be the companies that survive and succeed in both good times and
bad. The hard truth is that no company can afford to mismanage its project
portfolio. Whether that portfolio contains two or 200 projects, the goat
remains the same: profit.
Billability, more typically ter ned 'utilization rate,' is the percentage of
time in a given period during which an employee or set of employees are
working in a revenue-producing capacity. A timesheet system can be
configured to track whether work is considered billable to the customer or
not.
Most organizations are trying to keep utilization above 70% or so. The
higher the better until you've reached point where administrative tasks that
are necessary to business (such as tracltmg time) are not getting
accomplished.
Timesheet application 300$ for unlimited users
Source code is available in just US$500
by http://www.livetecs.com/Home/Screenshots.aspx
the 21st century as today's executives and project managers confront
overwhelming demands on their time. Time has become as critical as money.
Many companies, however, are not yet accustomed to allocating and investing
it with the same level of care as they would with more traditional assets.
Most business executives and project leaders understand that time must be
managed, accounted for, and invested in ways that maximize return, but this
is open easier said than done. Companies seldom possess the right processes
and infrastructure to make the most of time resources. They often confuse
the cone business process of time resource allocation with simple timesheets
or time management calendars. This is u dangerous as confusing a simple
check register with a company's capital investment strategy.
The companies that skillfully manage their portfolios of internal and
external projects-ensuring that all projects help the company make
money-will be the companies that survive and succeed in both good times and
bad. The hard truth is that no company can afford to mismanage its project
portfolio. Whether that portfolio contains two or 200 projects, the goat
remains the same: profit.
Billability, more typically ter ned 'utilization rate,' is the percentage of
time in a given period during which an employee or set of employees are
working in a revenue-producing capacity. A timesheet system can be
configured to track whether work is considered billable to the customer or
not.
Most organizations are trying to keep utilization above 70% or so. The
higher the better until you've reached point where administrative tasks that
are necessary to business (such as tracltmg time) are not getting
accomplished.
Timesheet application 300$ for unlimited users
Source code is available in just US$500
by http://www.livetecs.com/Home/Screenshots.aspx