“An employee who performs tasks to advance a project is a cost that must be optimized. To monitor and plan the effort, we need to measure it. It’s usually evaluated in days and hours of required work.
To plan a project and budget, it’s essential to know the workload and the resources required. The project manager estimates the needs for a project. He or she uses past projects and current tasks to make the estimation. With this information, the project manager can schedule tasks, evaluate the timeline and plan the project.
During the course of a project, the project manager follows the work of teams with the help of reports and dashboards. In an enhanced productivity context, many tasks are automated. The hours spent on projects are followed via time sheets. The employees fill out weekly or daily time sheets, which permit a view into the distribution of working hours on tasks or projects. An accurate assessment of time allows the maximum return on investment for projects, and more accurate billing by service companies. Service companies can also create more realistic estimates and better anticipate the actual project needs. For employees, keeping up to date time sheets allows for better organization.” – Lindsay Scott, excerpted from the article, “Resource and Time Management” for Arras People UK Camel Blog, click here to read the article in its entirety.
Well said! PMO Advisory offers courses throughout the year designed for project professionals interested in Portfolio (PfMP), Program (PgMP), Project (PMP & CAPM) Risk (PMI-RMP) Management, and Agile (PMI-ACP) certifications.