How Time Tracking Can Improve Project Management

As a project manager, you need to do proper time management to complete projects before the due date. For time management, the first step is to implement a time tracker, for tracking the accurate hours spent on each task of the project. This will give you an overview of how each team member spends his time on the tasks assigned to him for a specific project. In this post, we will know how exactly time tracking enhances project management, so read till the end and know how a time tracker will help you to enhance project management. 

What is a Time Tracker?

A time tracker is a software which is designed to track the exact working hours of the team members to know how they are utilizing their time.  It helps team managers monitor their work hours, manage productivity, and analyze how time is allocated across different projects. 

An example of a time-tracking tool is Task Tracker, it is a task management tool which helps to manage teams and tasks at a single platform. In addition to providing the feature of time tracking tools it also offers various other features. The following are the key benefits of a time-tracker feature of the task tracker app:

• It allows users to manually fill in the time spent on each other in front of the tasks assigned.

• Team members can add miscellaneous tasks to which they have spent their extra time.

• It also provides a feature to add time spent on the meeting held on the same day.

• It generates reports of each team member at the end of the day for understanding time allocation.

• The summary of the report is automatically sent to the respective manager.

Importance of Time Tracking in Project Management

Time tracking is helpful in every department, even for a person individual to measure his personal productivity. Following are some of the key benefits of a time-tracking tool in project management:

1. Project Planning: The reports and analytics made from the time-tracker from past projects help in more accurate project planning for the future. Managers can estimate how much is needed for a specific task and allocate resources on the basis of that, for working more efficiently.

2. Budget Management: Managers can do a proper budget planning by estimating how much time and resources will be needed for a task. They can identify areas where too much time is being spent and make necessary adjustments to save costs.

3. Improved Communication: As all data is accurate and stored in a single place, it creates a transparent environment. Teams can see how their efforts contribute to the project, promoting better communication and collaboration.

4. Risk Management: Managers can see the real-time progress of the projects, with the help of which they can identify potential delays and risks early. Through these analyses, they can find solutions for any upcoming risk. 

Conclusion

Time tracking is a most important part of a business for improving productivity and managing project deadlines. From helping in project planning to managing risks it covers all aspects of the project. If you are also looking for the best time tracking tools, give it a try to Task Tracker, and see the difference it will make in your productivity.