Project profitability analysis as an employee performance metric
AssessTEAM measures invested employee time and compares them to the project budget showing you profitability analysis reports in real-time.
With project budget management software, you can…
- Manage project cost budgeting in terms of employee effort and fixed expenses.
- Effectively collect and report on employee time investment.
- Compare project budget to costs for profitability analysis in real-time
- Deliver actionable alerts to project managers when projects are at risk.
- Track employee profitability to compute a fair remuneration for your team.
- Make time tracking quick and fun for your team with our mobile app!
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Project profitability analysis
An effective project time tracking software can anticipate profit potential for specific projects, project types, and teams.
With AssessTEAM, you’ll be the first to know when projects are at risk or employees need guidance. We deliver timely reports (accessed from the dashboard) that direct you towards greater employee satisfaction and profitability.
Project time management
Identify the most and least profitable projects
Confusion on where your profits are coming from can stunt your growth potential. Tracking project profitability in real-time is no longer a complicated or expensive process. Enhance your profitability through actionable intelligence reports created using timesheet software that compares project budget and money spent for accurate profit forecasting. Problem-solving is simple when you know where the problem lies. AssessTEAM delivers actionable intelligence that has been proven to improve profitability.
Targets missed?
Remedy the causes of decreasing profit margins
Analyzing project profitability in comparison to employee evaluation metrics leads to powerful business intelligence reports that show why projects do not deliver anticipated profit margins. Knowing where teams or employees spent excessive time on a project can make things clearer and easier to manage. Detailed reports on how projects are performing compared to how employees are performing in their result areas often bring up inadequacies that can be addressed to improve the overall bottom line.
Assess product profitability
Evolve the product mix to maximize profits
AssessTEAM project budget management software shows what type of projects work best for you and explains the reasons why these types of projects do better than others. The reasons can include better training, experience or come simply down to pricing. Modify your project planning or pricing strategies based on clear data-driven reports to maximize profits. Profitability reports that clearly explain which sectors are most profitable for you can then be used by marketing and sales professionals to improve overall company profitability.
Encourage excellence
Employee profitability tracking using big data
Employee performance metrics that are derived from Big Data-based analytics deliver freedom from prejudice and undue preference. Clear efforts on performance reporting ensure all employees are graded not on a bell curve, but on measurable accomplishments. Our simple timesheet collection software ascertains efforts invested and compares this to project budgets, building the foundation of project performance management.
