One of the most painful experiences in project management is when a project goes over budget. The reasons vary but in most cases are 1. due to over-promising -leading to unsustainable time estimations, or 2. too many projects running in parallel resulting in insufficient oversight and guidance.
At Cronforce we proactively address such issues by tracking time bookings and budgets. You can plug the actual rates for your team members and set a budget for a project, sub-project or phase in a project. Once this is done, it is up to you to set a notification if budget reaches a certain level. In addition, you can disallow a budget to be exceeded or allow to exceed by just a certain amount. Many project managers and executives rely heavily on the Cronforce dashboard visualisations that allow in seconds to go over your complete list of projects and track progress. Find below an example of budget tracking:
The Cronforce toolset has been created with all businesses in mind. It is equally suitable for niche consulting offices or digital agencies as well as for bigger organisations of several hundred employees. The budget tracking scales over complex projects as well as matrix organisations while staying easy to use and configurable in seconds.
Cronforce is a leading provider of cloud-based Business Execution Software, and delivers time tracking, vacations management, budget controlling and workforce planning solutions for organizations of all sizes. A one of a kind fusion of dashboards and business tools it provides you and your clients with real-time overview and reports on business and project developments. Cronforce facilitates day-to-day business and enables managers to make data-driven decisions and increase efficiency. With Cronforce you can access your data easily, anywhere and any time!
The Cronforce.com Team