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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Tracking time on projects

Time tracking is the tracked time the employees track on certain tasks on a project.

Time tracking is used by companies to create competitive advantages. These advantages can be divided into five main areas:

  1. Automatic invoicing
  2. Documentation of work/services rendered
  3. Improved project management
  4. Calculation of production costs
  5. Automatic salary management

To achieve these benefits it requires that each employee tracks his/her time on projects, tasks and activities.

Time tracking in TimeLog Project

In TimeLog Project it is possible to track time in five different ways:

The Time Sheet - the employee selects what projects should be shown. Each company configures their own setup in the system administration (F10).

The Weekly Time Sheet - suitable for consultants that work on several cases/projects at once.

The TimeLog Tracker - a small windows program which works like a stop watch- an easy and quick way of tracking time. No wireless connection needed.

TimeLog Mobile - makes it possible to track time on the move.

TimeLog Help Desk - Desk makes it possible for supporter workers to track time spent on support cases. The time tracked on the support cases is automatically transferred to the employee’s Weekly Time Sheet (F12).

TimeLog is a Microsoft Gold Certified Partner.