Time Tracking Software - Portfolio Management - Connecting Projects “As project clients and management
Tuesday February 28th 2006, 2:32 pm
Filed under: Timesheet Vendors

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A study conducted by Aberdeen Group concludes that expense management automation will reduce the cost per expense report from $48 to $18 This savings alone would justify an investment into automating the timesheet and expense management processes within an organization.

Portfolio Management - Connecting Projects

“As project clients and management become more sophisticated in the practice of project management, the focus is shifting to the front-end of the project management cycle, namely choosing the ‘right’ projects and giving them the ‘right’ priority. We see a need for both a decision making model and a prioritization model. First, we choose the correct projects, and then we prioritize them objectively relative to other projects. Next, we register the approved and prioritized projects as part of the portfolio mix, and finally properly activate and manage them. This is Project Portfolio Management - a method of organizing requests and managing work within a strategic context, with specific and measurable parameters, applying the project management discipline to meet corporate objectives.”

Read more at: http://www.chiefprojectofficer.com/article/122



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Editor's Note on Timesheet Product Selection :

Evaluating the best timesheet product in the market will not be an easy job. There are numerous timesheet products ot timesheet software to chose from. Our suggestion is look first into your company's objectives - why do we need a timesheet? who are the users of the timesheet? what are the problems that the timesheet keeping system will solve? how much are we willing to spend to get the best time keeping product in the market today?
We hope that this website can you some perspective on this timesheet issue. We won't be recommending what timesheet software to buy and what not to buy. Our purpose will be to provide you with relevant timesheet news, information and data that might help you in your decision making process of whether you should buy a timesheet system or not. Or if you do decide to buy a time tracking application, what are the options available in the market today. You can find the most useful timesheet resources above, study themn first and all the best to you!

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