Project-related working time tracking is particularly important for project controlling and project accounting and enables the evaluation of projects with regard to economic efficiency. Software-supported project time recording enables companies to easily account for project hours as part of project management. In this SoftGuide section you will find an overview of software for project time recording. The solutions listed in this section support the project management as well as members of the project team with time recording within the scope of a project - mostly also including travel expense accounting and document management for project documentation. Many of the solutions presented here also offer the option of mobile project time recording, for example via smartphones.
Project time tracking refers to the process of recording, documenting and analyzing the time spent on completing projects. Project time tracking typically involves recording hours spent by team members or employees on specific tasks within projects. This can be done at various levels, from individual task tracking to recording total times for an entire project.
Project time tracking can be done manually, for example by filling out time tracking spreadsheets, or automatically using specialized software solutions for project time tracking.
The use of project time tracking software is widespread in various industries (construction, services, agencies, tradespeople, etc.). Companies of all sizes can use such software solutions to effectively track the working hours of their employees, the progress of projects and resource utilization. The use of project time tracking software can also be useful for freelancers, small start-ups or micro-enterprises.
Typically, project managers, team leaders and HR departments use this software to get an accurate overview of the time spent and the associated costs.
Project time tracking is important because time tracking provides information on how much time is spent on specific tasks or phases of a project. By tracking working hours, companies can better monitor the progress of a project against the original plan and predetermined budget. For service companies, project time tracking also enables accurate billing of services rendered to the customer. In general, an evaluation of recorded project times can be used both to optimize processes and to improve planning for further projects.
Using project time tracking software can be useful in various situations. If you are working on projects, especially if they have a very tight timeframe as a target, project time tracking can help you to track progress and ensure that resources are being used efficiently. Companies that bill their clients on an hourly basis will benefit from accurate time tracking to create accurate invoices.
If you are working on multiple projects or tasks simultaneously, time tracking helps you to distribute the workload and ensure that employees and resources are used optimally. Tracking working hours allows you to analyze work patterns. Especially in times of increased remote working, time tracking is a way to ensure that employees are working productively and that their working time is used effectively.
By analysing recorded working times, companies can improve their future planning and prioritization of tasks. Critical paths in a project can be identified by analyzing the working time spent. Planning and prioritization using time tracking data enables a better assessment of project risks. This enables a more realistic estimation of time and resource requirements for similar projects in the future.
The systematic recording of project times using appropriate software makes it possible to track the current progress of the project in real time. The recorded times can be used to accurately calculate labor costs and contribution margins. This creates transparency about the financial performance of the project. Target/actual comparisons for project key figures make it possible to quickly identify deviations and take appropriate measures.
The decision between a cloud-based (SaaS) and an on-premises software solution for project time tracking depends on various factors, including the specific requirements of your organization. These factors include, for example, the organization's IT resources, budget, security concerns and flexibility of work requirements. Some organizations may prefer a hybrid solution to combine the benefits of both options.
When recording project times, it is crucial to document all working times and assign them to projects or activities. Only then can meaningful evaluations be made. These activities must be categorized accordingly in advance of project time recording and created in the project time recording software.
Examples of possible categories are:
Tips for evaluating project time tracking software