Timesheet
This article relies largely or entirely on a single source. (March 2012) |
A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job. Traditionally a sheet of
Use
Originally developed for an
Some companies provide web-based timesheet software or services that provide a means to track time for
Time cards
Advantages
Time tracking can reduce costs in three ways: by making payroll processing more efficient, by making costs visible so they can be reduced, and by automating
Time tracking can increase
By reducing costs in three ways, and increasing revenue in one way, timesheet management technologies that are web-based can improve the health of companies.
In project management, timesheet can also be used to build a body of knowledge about how much effort tasks take to develop. This data helps resource managers to allocate resource accurately. Machine learning is being used to automatically find patterns in timesheet — then using this information to recommend more accurate project plans in the future.[citation needed] For example, if developing a training plan has historically taken a month, then it can be assumed that creating a new one will take a month. Also, most timesheet software has the ability to track resource costs and project expenses to allow for better future budgeting. [citation needed]
For the HR function, the time spent on activities by individuals can be analysed over a period of time and categorised into broad types. Based on the outcome, roles could be realigned.[2]
See also
- Comparison of time tracking software
- Schedule (workplace)
- Time clock
- Logbook
- Time-tracking software
- Time and attendance
- Time management
- Work breakdown structure
References
- ^ Measuring Project Health Neville Turbit, January 1, 2008
- ^ "Timesheet – its purpose, use and importance". itknowledgeexchange. Retrieved 19 December 2014.