When you set up a project within TimeLog Project, you have several things to consider and information to be entered. In this blog post we give you information on the difference between project type and project category.
Most companies have goals for the bottom line, employees, accounting figures and overall goals about good employee culture, efficiency, communication and service. In addition there may be specific plans of actions set up to reach these goals, which in most cases are set from the overall strategic basis from which the company acts. It's like this for most of the companies (large or small), and by using TimeLog Project you can come a long way with TimeLog Project – just by using the available data in the system.
Project type vs. Project category
The two terms are strategic parameters, which help you reach your set of goals. The Project type is mandatory and covers your business areas or products, whereas the Project Category is optional. Both can be useful in defining different parameters compared to the overall strategic goals of the company. The terms “project type” and “project category” are two of the most essential dimensions in TimeLog Project, since they affect how projects and project management are handled within the system and what data you want displayed in your reporting.
The two variables are defined in the project settings:
Which project types and project categories should be available are defined in the System administration > Projects.
Furthermore both dimensions are available in most reports within TimeLog Project for analysis purpose. There are also specific production reports, which show work done on the different dimensions in both hours and value. They can be found in the menu Management reports > Production reports.
The project types
The project type mostly covers business areas or products. Hereby you can see how much each area makes up for and compare their earnings from project type to project type.
The implementation projects might make up 10% of the time you totally spent, but make up for 30% of the earnings.
You can use TimeLog Project to collect documentation of your core business and afterwards use the data to set up (new) goals for the business. By measuring the allocation of the different types of projects, it's easy to handle on-going follow-up on these goals and then find out if the goals are reached.
The project categories
Maybe you have a strategy to increase the additional sales for your existing customers? Here you can use the project category which gives you the opportunity to report on another dimension apart from the project type: For example it's possible to use the categories "new sales” and “additional sales” on projects, which would belong to the project type “Sales generally”. This way, your reporting becomes more detailed and you gain insight into the company's performance and development opportunities.
If your company is a start-up and have not yet determined the company strategy, you can start with the project types and later on choose to activate the project categories. As time goes by, we often see that our customers want to measure their activities and break them into more detailed categories.
All in all, the two dimensions are a way of measuring which activities you spent time on and which activities that are profitable. In that way, you can develop a strategy for how your time is best spent.
Want to learn more about what the project type and project category can do for your company?
Contact us by phone +45 70 200 645 or email email@example.com to book a consultant and to get easily started.
comments powered by Disqus