Businesses in the digital age run on time tracking. Time is the globally accepted universal currency to measure efficiency, productivity and outcomes.
Over time, technology has brought to light the significance of measuring various metrics to account for desired outcomes, profitability and improved work-life balance.
Not only that, our understanding of productivity and effectiveness has also seen radical shifts in terms of quality over quantity, outputs vs outcomes and multitasking vs time blocking.
Why Time Tracking is important?
Gone are the days when time tracking was done just to capture the time spent by employees at work and seen more as an employee monitoring measure.
And today it is all about measuring:
- Resource Utilization
- Billable vs non-billable hours
- Identifying resource availability
- Total project hours vs spent hours
- Planned vs actual hours
The above metrics provide a holistic view of how healthy our business and projects are. It’s a cumulative approach that can then be broken to individuals to identify.
Read the full article at Orangescrum blog
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