Time Tracking Software as an Effective Tool in Project Management

by MarkAllen Allen2013 Article Publishe Time tracking software is widely being used in the IT and related industries now, which is basically a functional computer application that allows the users to record their time spent on completing specific tasks. Even though used at the initial stages to do the project development tracing for IT related tasks, time tracking is now effectively utilized by many industries to calculate the man-hour work output.

Tracking software is very effective in industries where they are compensating the employees on hourly basis. However, there are big benefits on implementing such a system for salaried positions too like that of paying the professionals against the billing done to the clients by splitting the task on an hourly basis.

Backed up with technology

Time tracking is not a new concept, but it had been there since ages. However, the electronic version of time tracking mechanism had replaced the traditional paper timesheets completely now. This change made it easier for the supervisors and employers to track the timesheets real-time and strategize the process according to the need of the situation.

It is a proven fact that tracking any process with a timesheet can increase the productivity. Time tracking software now act also as a critical auditing tool, with which the businesses and process managers can better understand where the team tend to waste time and rearrange it in a better way. The software also bring in more accountability to the process in terms of managing large businesses and can compile the data to be easily interpreted and stored at a central location and accessed anytime.

Adding to it, the new version tracking software also features automatic invoice generation, which makes it easier for the salespeople to offer an instant quote to the clients or go for a realistic bid to successfully close the lead. Most of the tracking software services also offer add-on workforce management packages too including attendance tracking, work scheduling, idle time marking, human resource requirement for projects, payroll administration, talent pooling, and work analytics.

Different types of time tracking software

Time tracking software is of different varieties, highly customized to serve specific purposes based on the line of business. The simple timesheet software allows the users to enter the time spent for each task in the project by simply checking in and out time. There are some other tracking tools, which can automatically record the activities performed on a particular machine in which the software is installed. This is very effective in case of software or application development projects.

There are standalone timesheets, which are pretty cheaper or free and very simple to handle. It just records the timings and generates reports. A bit more advanced is the integrated tracking and accounting system, which is directly integrated to the accounting system of the company for automatic calculations and generate bills too. Similarly there are systems, which can be integrated to automatic project management as well as payroll administration etc.

Find the best Time tracking software  at TimeLive. Buy Tracking Software to Increase your business productivity.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 31st 1969 18:00. Viewed 0 times.

Comments