Project Labor & Time Costing
€39.99
Translate approved project time into an explainable labour cost. This application is designed to combine employee cost rates and project allocations, then compare the resulting labour spend with the planned amount. 12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.
Translate approved project time into an explainable labour cost. This application is designed to combine employee cost rates and project allocations, then compare the resulting labour spend with the planned amount.
Best suited to
Project businesses costing employee time by engagement.
What you can manage
- Record timesheet entries against the relevant project.
- Maintain the employee cost rates used in the calculation.
- Allocate recorded time to the appropriate project activities.
- Distinguish approved hours from entries awaiting review.
- Compare calculated labour costs with the project budget.
A practical workflow
Review the timesheets and apply the appropriate employee cost basis. Confirm approved project allocations, then examine the resulting labour cost and budget difference before updating the project's financial position.
Why this workflow matters
Project finance is more informative when actual costs and remaining commitments are considered together. Connecting the financial inputs to the underlying work helps the project team explain the current position, distinguish recorded expenditure from planned obligations and make more focused decisions about the next stage of delivery.
Working with your records
Use the agreed project or engagement scope and confirm that recorded activity belongs to the same review period. Check the treatment of changes, allocations and remaining commitments before relying on the result. Forecast costs and margins depend on supplied assumptions and should be revisited as delivery conditions or commercial terms change.
Licence
12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.
| Licence term | 12 months |
|---|
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