With Project Time Budget, project managers can easily see which projects are having a disproportionate amount of time spent on them or are exceeding the allocated time budget, so they can course correct and move resources where needed.Īfter you’ve finished a project, it’s easy to report on whether it was completed on time and within the allocated time budget, or if it used up more hours than were estimated. This is really helpful for providing you (and your clients) with more accurate forecasting and timeline development. You can quickly calculate a Project Time Budget using the sum of estimated time on existing tasks. This means that as an agency, you can use your time much more efficiently across all of your projects. With Project Time Budget, you can even set up proactive alerts to notify you when the budgeted time is reaching a certain threshold, e.g “75% used”. Knowing this means that you can easily prioritize which client projects to work on, and you don’t run the risk of spending a disproportionate amount of time on one project over another. When working with clients on monthly (or other period) retainers, it’s useful to be able to tell when the allocated time for a project is close to running out. This means you’ll be able to give clients much more accurate estimates in terms of timelines, SLAs and ensure your team doesn’t have to spend additional billable hours on any given project. Here are 5 ways Project Time Budget can help:Īgencies can use Project Time Budget to estimate in advance whether it will be possible to get the project completed in the given timeframe based on the resources required. Project Time Budget is great for lots of different types of projects and teams, but it’s especially great for agencies and client services. Get early warning when running out of client retainer hours See in real time how the project is tracking against the allocated timeĪvoid having to rely on estimating time on every single task This feature allows you to set a budget of time on any given project, and then use the time logged on that project to calculate the remaining budget over time, leading to a better understanding of efficiency, time utilization and how well a project is running overall.Įasily estimate how much time you need to allow for a project
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Project Time Budget gives you real time reporting, full control over the time spent on individual projects and ultimately revolutionizes how time is spent across your business. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.Optimize how time is spent on your projects and deliver better outcomes for your clients with Project Time Budget.
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