Why time tracking is important
Here’s an excerpt (whole article here):
Staffing - Several people avoided layoffs because I could show exactly what they were working on and how long they spent doing it. We also could show that we needed more people in order to do additional projects in the time frame management required it.
Project delivery dates – Because we had good historical data on actual times vs. estimates, our estimates were given more credibility by management. Instead of management insisting on an unreasonable delivery date, they accepted ours.
Planning when new projects could be started – When management saw that staff was fully loaded for the next few months, they reprioritized their projects to fit the staffing schedule.
I could not agree more with the author, and i believe that a streamlined time tracking solution gives a project manager the edge. If you have real data you can plan and quote accordingly without risking your business and credibility.
If you’re a freelancer i believe it’s extremely important to do correct tracking of your time, because you are a person who owns his own job and is his own boss, thus all the decisions you make are reflected directly in your income.