Time Tracking in Orangescrum

“Time is more valuable than money. You can get more money, but you cannot get more time.” — Jim Rohn.

Take a moment, think deeply about that statement. Almost all spend their lives searching for ways to earn surplus money, but hardly ever, we think about time and its importance, it’s a limited resource!

We all have the same time available that is, 24 hours per day. You can neither store time or borrow it, nor save for later use. You can only decide how to utilize or allocate it, spend it on activities of higher rather than lower values.

When you understand the importance of time, you will also understand the importance of managing your time. Time management is all about a game of choices-projects to pursue, tasks to complete, outcomes to deliver.

Why Time Tracking is important in Project Management?

Time tracking is extremely important to manage your operations profitably. If a team works on an hourly basis, time tracking helps in adjusting the rate of work. This way, your team can ensure fair payments for the quality and amount of work delivered.

Effective time management allows you to plan your days in such a way that you finish your work with less effort, make the most use of the limited time you’ve got.

Project budgeting is directly dependent on the effort estimates required to fulfill the project objectives. Thus a lot of effort goes into the project planning phase.

Extreme caution is exercised to make as perfect a work breakdown possible to track the minute of the costs associated with meeting the deliverables.

Added pressure from competition demands that we do more with less to innovate, deliver in a timely manner and stay profitable.

If your deliveries aren’t tracked properly, you will always be dependent on guesstimates and human judgment which may prove harmful over time.

“On the other hand, when you specifically know which projects consume how much time, you can quote, deliver and get paid better!”

Benefits of effective time management-

The benefits of time tracking are known since time immemorial, yet we struggle to manage it optimally. Here are some benefits of effective time management:

· Achieve what you want, and faster

· Deliver work on time

· Improve your Work/Life balance

· Reduce stress and anxiety

· Increase productivity

· Data-driven planning &forecasting.

· Avoid delivery failures & penalties

How does Orangescrum help in time tracking?

Orangescrum offers a very detailed & simplified time tracking mechanism so that you can know how your project is progressing in terms of resource, cost & budget instantly.

Read the full article at Orangescrum Blog

Digital Marketing Specialist at Orangescrum.

Digital Marketing Specialist at Orangescrum.