Highlights of the talk:
Time tracking might seem like an annoyance but the process is key to understanding an organisation's productivity. Time tracking data revealed that the US economy loses 50 million hours in productivity per day because of unrecorded work activities. This equates to $7.4 billion per workday.
Here are some day-to-day activities that are fuelled by accurate time-tracking across various teams and roles:
- Accurate customer billing
- Business cash flow forecasting
- Pricing decisions for product/services
- Tracking of Return On Investment (ROI)
- Tracking cost of Time-To-Market
- Effort vs time spent analysis for Agile teams to drive estimation refinement
- Project planning and estimation
Questions that can be answered by time tracking:
- Which activities do we spend the most time on?
- What tasks add more waste to our process? Can we streamline them?
- What is the most expensive/costly work that we do?
- If we have already implemented a change in the process, what effect did it have on our efficiency/costs and how quickly did we see the effect?
Find the answers to all your time tracking questions in the video. Simply submit the form to get a link to the video.
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