TIMEOUT Project Management

APPLICATION AREAS AND VALUE CREATION

Project management is used to gain insight into and overview of projects. Everything from master data to budget, task allocations, costs, and consumption. Resource management is used to see if there are enough employees or tasks, and if any employees/skills are more burdened than others.

What do I get out of project management?

Project management provides an overview of the project portfolio as well as time budget, time consumption, and remaining hours for each project.

Overview

Overview of hours consumed on projects, jobs, or cases, and thus how many hours need to be invoiced, compensated for, and (if there is a budget) how many hours are left.

Time optimization

For employees, what time has been spent on. Both in terms of the expected time and in terms of one's meeting or standard time.

Progress

Insight into the progress of projects, jobs, or cases - both in terms of time and finances.

Project

If a task takes longer than expected, or if more time has been spent on a project than budgeted.

Finance

Project economics, whether delivered on time and within budget, as well as who is expected to do what, when, and how much.

How do we ensure successful project management?

Ongoing work is also included, as well as financial follow-up on the project/projects. Resources can be planned to provide an overall overview of capacity, including ensuring that each employee's standard time is adhered to.

OTHER SPECIFIC FEATURES

Ongoing work status indication with remaining hours or in percentage. Additionally, revision status in relation to invoicing and value hours delivered per specific accounting date.
Time budget simulation, where tasks and hours are allocated to employees. Including an alarm function when more hours than available are allocated, and when an employee's standard time is exceeded.
Automatic assignment of tasks to employees' timesheets by allocations, as well as the ability to control that no more than the allocated hours can be used.
Portfolio overview, distributed over several years, budgets and consumption, as well as per employee/department.
Capacity and forecast, which takes into account internal tasks, meetings, as well as vacation and absence. This provides an overview of individual as well as total project time compared to the allocated time.
Burn rate. Is the project following the plan, or does the "pace" need to be increased or decreased, or should priorities be adjusted in relation to other projects, objectives, or investments.