Management Reports
New Management Tools
Can you honestly say how many companies know exactly:
- How many hours each employee spend on internal and external assignments?
- How many hours each consultant has invoiced last year or last month?
- How well project managers perform as budgeted?
- How many percentages of the company's activities are used on development, sales activities, and external activities?
- How the workload is distributed according to departments and employees?
- Which projects appear in the company's project portfolio?
TimeLog Project makes project finance measurable – with cost prices, actual revenue, and realised revenue. The management gets a number of tools to gain an overview that is helpful in decision-making processes.
Quick and Precise Management Reports
It is not uncommon that the management requires reports that illustrate:
- company status.
- development trends.
- development progress.
The reports providing this useful picture differ according to the company's development stage and industry.
For example, the consultancy industry typically wants an outline of each consultant's billability. A report showing how time spent is distributed on each of the company's focus areas, and a pipeline-, workload-, or portfolio report illustrating company projects for upcoming months.
Gain Overview of Effiency
TimeLog Project includes several reports showing different angles of employee efficiency. For example, the management can draw a report that illustrates the percentage of an employee's working time spent on internal and external assignments.
The management can also draw reports illustrating the employees' days of illness or their billability.
Follow Project Portfolio
Each project manager's starting point is the single projects – and the objective is to ensure a sound financial position and a satisfactory result for each project.
It is decisive for the management to have reports that straddle the single projects so it is possible to determine tendencies and trends in the company. One example is the report, Project Portfolio, that shows the progress of a certain project group.
Make Time Profitable
TimeLog Project enables management to analyse time spent based on a number of different dimensions linked to single projects, project tasks, customers, or employees.
For example, all projects are classified by project types created by the management. This feature can e.g. be used to analyse if the company spend enough time on a specific business area, which business areas that have the best contribution margin or if enough effort is put into the saleswork.