Project Time Tracking Template

Project Time Tracking Template

Businesses that are looking to track the amount of time it takes to complete a project will benefit by using a project time tracking template. They will use this template to provide clear and detailed information about any project that they are looking to produce at a given time. When putting together a project time tracking template, businesses will need to use spreadsheet software such as Microsoft Excel which will allow them to efficiently organize the information and allow them to make decisions more easily.

There are many different parts of a project time template. These include categories such as the employee salaries, materials used, time for specific tasks, overall time for the project and also the costs and the title of the project. All of this information put into a template will allow businesses to better track all of the projects they take on. As a result, they will be able to find ways to save money, increase their profits and make sure that they meet specific deadlines.

HOW TO USE

After deciding to use a project tracking template, businesses will need to follow certain steps in order to get the most out of using it. The first way to use a project time tracking template spreadsheet is to first provide a title for the project. Then a business will want to list all of the tasks as associated with the project and also the costs for the project. When using a project time tracking template spreadsheet, businesses will also need to make calculations and put them onto the spreadsheet on a daily basis. With all of the information put into the spreadsheet, business managers will then be able to track the progress with ease.

FEATURES

A business that uses a project template will take advantage of many features. The features of a project tracking template excel include many essential things that will make tracking the progress of a project more manageable. One of the features that businesses will need to use with a project tracking template excel is formulas. These are used to quickly come up with calculations. With a formula, a business will type in the calculation and when you enter the information a total amount will quickly appear.

Another feature of project time tracking template excel is rows. These are used to sort information across the entire screen. All of the rows will include information about a project such as the project title, task title and the costs associated with the project

Columns are also features that are used on a project time tracking template excel. A column sorts information such as the day and date of a project task as well as the phase of a given project. Using columns compliments the rows in order to create a very organized spreadsheet of data pertaining to a project.

As well as using rows and columns, project templates also include v lookups, pivot tables and macros. Each of these features are used to go over calculations and data entry. They are also used to look up information and calculate averages of things such as costs and revenues.

PROJECT TITLE

When making a project template, it is important to include a title. Using a title will allow a business to clearly classify the exact project they are taking on and identify it whenever they are looking to look over some figures. It is a good idea to use a project title for each separate project that a business completes. This will allow it to keep better records of all current and past projects.

COSTS

One of the most important aspects of a project template is the costs. Each project will definitely cost a business a considerable amount of money. All of these costs are broken down into categories such as employee and contractor payments, materials costs and also any other supplies that are needed in order to assist with completing the project.

TIME SPENT ON PROJECT

Whenever a business puts together a project tracking template, the time spent on a given project is one of the most important parts of it. This will allow a business to track the exact amount of hours they are devoting to the project. By knowing the time spent on a project, businesses will be able to monitor their progress and make sure that they are on pace to meet their expected deadlines.

TIME SPENT ON CERTAIN TASKS

A project template will also include the time spent on certain tasks. When taking on a project, there will be certain tasks that need to be completed before moving on to the next phase. When putting a template together, businesses will benefit by tracking the exact amount of time it spends on tasks so that they can monitor costs and find out how much time it is taking just to complete one particular task that is associated with the project.

SUPPLIES AND MATERIALS USED

Businesses that make project templates will often record the supplies and materials used for the project. Most projects will require certain resources in order to be completed. A business that puts together a template will benefit by recording supplies and materials used so that it can determine what they are paying for in order to complete a given project. This will also help them find ways to reduce costs if necessary as well.

EMPLOYEES AND CONTRACTORS USED

A project will also include the use of employees and contractors. One of the parts of a project template will consist of the names and information pertaining to each person used in order to complete the project. Employee salaries are recorded on the template to track the amounts paid to full and part time workers. The template also includes the payments to outsourced personnel who are responsible for completing a given project.

OPTIONAL TIPS

Whenever a business puts together a project time template, they will want to follow a few tips that will help them get the most out of its use. One tip to follow is to determine all of the costs and expenditures associated with the project. With this information, a business will then be in position to devise the template more quickly. They will also want to make sure that they have the necessary budget for a project so that they don’t spend more than they have available. A business that is looking to complete a project and use a template will want to use the latest software that will allow them to make more advanced calculations and use the most updated features available.

CONCLUSION

Using project time templates is a great way to monitor the costs and expenses of a given project. When using a project template, it will be important to organize it with many different categories in order to access detailed information. With this information, businesses will be in position to ensure progress and make sure that they always stay within budget for any project they decide to complete.