What is Timesheet Management For Project Managers?

Project management timesheet: Why is it important?

First, let’s grasp their purpose and significance in utilizing timesheets effectively.

A timesheet is like a personal diary for tracking your work hours in project management. Think of it as a digital version of the traditional time cards or time clocks. Timesheets are widely used by management, human resources, and accounting departments to record the time employees spend on different tasks or projects. For example, this information is crucial for managing workload, budgets, or calculating salaries.

This article will demonstrate how timesheets can be valuable tools for estimating work, tracking time, and seeing the actual effort or cost in a timesheet report.

Benefits of a timesheet for the Project Manager

Identify the availability of the members of the project team With a timesheet, you can easily distribute the workload amongst members of the team with most availability. The tasks assigned to each employee are clearly identified and quantified in terms of time. Project management is simplified while remaining effective.

Monitor the progress made by users to anticipate delays on deliverables The timesheet records valuable information regarding any delays incurred during the completion of a project e.g. unexpected difficulties when performing a task, absence of an employee due to an urgent meeting or non-attendance. It makes it easier to redistribute the workload to compensate for these delays and thus meet the original deadline.

Estimate the cost of the project from the time spent on it The timesheet is an excellent tool for estimating the cost of a project. Each element is evaluated in terms of time spent; the management of a project is thus facilitated by being able to compare prediction to reality at any time during its execution.