Time/Project Management Utility
Tracking projects and resource time spent on projects across an organization is a considerable task for any organization that wants to quantify the work. Calculating the profitability of staff and projects is obviously very important in an environment where the bottom line is relevant.
A Time/Project Management Utility allows company administrators to create project profiles with estimated budget breakdowns, project details, contact and scheduling information. Once a Project Profile exists, staff can track the time they allocate to each project and reports can be generated periodically during a project's development cycle and again at its end. This is an excellent way to control expectations for multiple projects in any-sized company.
The level of sophistication in a system like this can vary greatly. Fortunately for someone considering implementing a Time/Project Management Utility, there are numerous commercially available products which can be evaluated for research purposes or for purchase.