Filed under: Timesheet Vendors
BEST TIMESHEET RECOMMENDED PRODUCTS:
BEST TIMESHEET FEATURED READINGS FOR TODAY:
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.
The Journyx PM Journal Has Moved
The Journyx PM Journal has been successful beyond out wildest imaginings. So much so that we’re making like a 70s TV show and spinning it off to its very own show. Well, URL anyway. So, effective today, October 19, 2005, the Journyx PM Journal has moved to a new URL. You can view the new and improved Journyx Project Management Blog at:
http://project-management-blog.com
Obviously, this means that the URL for the RSS feed has changed, too. Please update your RSS reader with the following address:
http://www.project-management-blog.com/?feed=rss2
If you’re reading us via Yahoo!, you can click here to add the new feed to your page. If you’re reading us via newsgator, you can update your subscription by clicking here.
We’re sorry for any inconvenience that this change may cause, but we think once you see the new site and new feed, you’ll be more than pleased with the added functionality this change has made possible. We look forward to seeing you at the new site and in the new feed!
Criticizing a Project Team Member’s Performance
“Project managers are caught in a seeming paradox: They need to create and maintain good working relationships so that they can get work done through others. At the same time, they need to constantly perform course corrections on others’ performance. In other words, they need to criticize. The paradox is only apparent, not real. Skillfully delivered criticism enhances both the relationship and the targeted performance. The five simple rules for delivering “criticism at its best” are the subject of this article.”
Read more at: http://www.4pm.com/articles/critic.html
Project Management: Using Data to Increase Profitability and Reduce Risks
Project management data - which is obtained from time tracking information - is often an area that could be improved in many companies. Recent studies have shown that cost reductions of 6.5 percent are common from improvements in tracking time from the project management area alone. This compares with improvements of about 5 percent for billing automation or 1 percent for payroll automation.
time tracking data (payroll, billing, project management, and strategy) can be used to improve project management in the areas of…
Read more at: http://www.accountingsoftware411.com/AcctSoftware.nsf/00/pr22D482665570BB9A862570840019C5E6
Project Management Software - The Benefits of the Software-as-a-Service Model
When the Internet burst upon the scene in the early 1990’s, the concept of software as a service (SAAS) seemed an idea whose time had come. It got hyped along with everything else about the internet and reached a massive peak of inflated expectations in early 2000 as venture capitalists funded dozens of nearly identical companies that provided various SAAS solutions. As venture funding dried up in mid 2000, the cracks in the SAAS model began to appear. The business plans assumed zero customer attrition, an uncompetitive landscape and IPO’s in the absence of revenue. Disillusionment set in and 99 percent of those companies are no longer around. However, the strong did survive, and now, due to the success of companies like Salesforce.com and Rightnow.com, SAAS is back.
Read more at: http://www.chiefprojectofficer.com/article/142
So You Want to be Manager of the Year
“You’ve been selected to be a project manager (or you want to be) and you want to be a success. Here are ten rules to help you be selected as Manager of the Year or the equivalent in your organization.
- Hire good people. Having good people makes being a successful manager easy. Be selective. Personality and attitude sometimes are more important than experience or skills. And even mediocre employees can be improved with patience, training and effort on your part. But that requires time and work on your part.
- Give them the tools that they need. A carpenter cannot build much without the right tools. The same goes for any employee. If it is a good computer and the right software - get it. If it is a certain piece of equipment - get it. Get them whatever they need, and I emphasize need, not want. Training is one of those tools, too. Frustration on the part of an employee who cannot do his or her job because of a lack of tools can destroy morale and productivity. It may cost money to get the tools and training, but it pays off in the end. Remember that a penny saved can cost you a dollar later.”
Find out the other eight at: http://www.projectmagazine.com/v6i1/man_year1.html
Yes or No - The Two Models for Implementing Project Portfolio Management
“There are two models for implementing a Project Portfolio Management (PPM) system:
- The budget alignment model
- The engagement profitability model
“The budget alignment model corresponds with an operational environment where the value of projects varies, and project costs are expense overhead. Decisions and behavior are driven by the need to squeeze value out of the available budget. Examples of the budget alignment business model include enterprise IT and product development organizations.
“In the engagement profitability model, ‘projects’ and ‘programs’ are vehicles for managing revenue-generating engagements with customers that produce profit margins. Decisions and behavior are driven by the profitability of customer engagements. Examples of the engagement profitability model include IT services firms and professional services departments within product companies.”
Read more at: http://www.chiefprojectofficer.com/article/109
Lunch at Don Giovanni’s with Phillip. He’s amped. We haven’t even seen our waiter and he’s already cleared the table and is scribbling furiously on the white paper table cloth.
“See, we needed to speed up our release cycle which is, of course, insane, but we figured out a way! We call it Train releases. We’ve got four releases going at the same time and a train leaves the station every month. If a feature is ready to go, it gets on the train and if it’s not, it waits for the next train. We’ve already released two trains in six weeks!”
I nod watching the scribbles become increasingly incoherent. I’d buy Phillip a nice glass of Chianti to take the edge off, but he’s a Mormon, so I try the truth.
“Phil, you’re screwed twice. First, you’re screwed because you’re going to need, at least, twice the staff to qualify these ever increasing releases and you’re a start-up. You’ve got one QA guy and if he hasn’t blown a fuse yet, just wait a month. Second, and most important, you’ve got no downtime. You’ve got no time to design because everyone is going to be panicked about which train they’re supposed to be riding.”
“Phil, in order to create, you’ve got to think.”
Read more at: http://www.randsinrepose.com/archives/2005/08/30/taking_time_to_think.html
BEST TIMESHEET ADVICE TODAY:
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!
MORE TIMESHEET PRODUCTS:
