Glossary

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Financial Project Management Glossary

TimeLog Project covers the processes within the financial management
of projects. The glossary explains terms and concepts used in TimeLog Project.

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External percentage of work

External% is the share of an employee’s registered work which is registered on external projects.

The employee’s external% is calculated by dividing the normal work time with the number of external hours. A high external% can be an indicator that the consultant spends most of his/her time working on external projects. External% can only be seen as evidence of how much of an employee’s time is spent working on external projects- and not as evidence of the employees revenue.

External% in TimeLog Project

The report Internal/external can be found in TimeLog Project’s management reports (F9). It analyses the company’s/department’s activities based on the key figure external%.

Formula

Normal work time/external hours = External%

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