Webinar Recap: Why You and Your Team Should Be Tracking Time

Alison Clancy | July 26, 2012

left Image

So. You missed our time tracking webinar on Tuesday. Was it because you were short on TIME? Waiting until the last MINUTE? Trying to beat the CLOCK? (I’m on a roll here!).

In any case, we want to make sure that you don’t miss out on learning just how time tracking can benefit you and your team and why LiquidPlanner is the perfect online project management software to help you succeed at this. So here’s what you missed:

Why Track Time?

We actually gave you lots of good reasons in an earlier blog post, but in our webinar, we focused on the bottom line: time tracking data is the best way to see the number of hours associated with your tasks and projects, as well as the dollar value of those hours.  That data is invaluable when you’re estimating new projects, making a plea for additional resources, or trying to figure out exactly how your time is being spent.

To realize the full benefits of time tracking in LiquidPlanner, you’ll want to use rate sheets to drive dollar valuations of your hours, and activities to categorize your hours by type and billable status.  Here are just a few examples of the valuable metrics LiquidPlanner calculates for you based on your time-tracking data:

Sample Time Entries Export:

Timesheet Export TT Webinar

Sample project report:

Project Report Graph TT Webinar

Curious Minds Wanted to Know

At the end of each of our webinars, we hold a Q&A session – here are just some of the questions that were asked during those 15 minutes this week. Take a look – you might learn something from these up to the SECOND inquiries (ok, I’ll stop…for now):

What are some examples of activities that people create?

Classification by type of work is pretty common, for example: design, coding, testing, etc.  Another popular use is job codes, especially for organizations that use time tracking data for billing and payroll.

Do the rate sheets support any currencies besides US Dollars?

They do. Your rate sheets will automatically use the default currency that is set for your workspace on the Setting > Workspace Settings page.

Can you have more than one timer running at a time?

No, you can’t. If you have a timer running, and then you start a timer on another task, it will stop that initial timer. That time will be held for you until you get back to it to apply it, or maybe to restart that timer.

On your timesheet, what’s the checkmark in the lefthand column all about?

That’s the pinned checkmark. Pinned tasks stay on your timesheet for all subsequent time periods until you unpin them. When you add a task manually to your timesheet, the assumption is that the task is an exception case, and LiquidPlanner isn’t sure how long you’re going to want it on your timesheet, so we’ll pin it. Then it’s up to you to unpin that task if you want it to drop off of subsequent timesheets.

More questions? Check out all of our Help Guide articles on Time Tracking or watch our webinar slides on SlideShare: