Day: October 27, 2021

Summary

Unlike traditional project management software, Finclock is based around reporting. The first thing you notice when you start using Finclock is the Reporting feature, which you will find in all Finclock modules. Reporting takes data, transforms it, and presents it in a form that is meaningful. A good report doesn't just present information, it helps people understand. When reporting, you first decide what data you need. But data alone is not enough. A report must communicate information in a way that makes the reader see and feel and understand. A project management software has three major functions: It gathers data for you, It transforms data and it presents data in forms that readers can understand. There are several benefits to be gained by businesses of all sizes in using project reporting software. Three are particularly important. They have to do with management, with communication, and with awareness.

1. Management: Project reporting software enables managers to see at a glance what their team is working on, what resources they have available, and what is coming up. They are then able to allocate resources efficiently and make timely decisions.
2. Communication:  Project reporting software allows the entire team to keep everyone else informed. Team members can share status updates and project reports with the entire team or with an individual, and comments are gathered and filed for future reference.
3. Awareness. Project reporting software prompts team members to review their reports on a regular basis. This helps them to become aware of the ways they are doing their jobs and to identify ways to improve.

Overview

In the days before project reporting software, project managers were forced to manage their tasks, projects, and budgets using forms that were outdated and inefficient. They were forced to use spreadsheets, or worse, to maintain and update their project plans. Managers were forced to make updates manually, using pen-and-paper, or relying on their memory, which on its own was rarely reliable. Project reporting software offers modern project managers a time-saving, cost-saving, and time-saving alternative to form-based project management. Using project reporting software, project managers can plan their project schedules, assign resources, and track progress, all using simple, intuitive web-based interfaces. What's more, modern project reporting software supports multiple project formats, including Microsoft Project, Excel, or iCalendar. In short, using modern project reporting software gives managers the freedom to use project planning software that best suits their needs. Modern project reporting software features such features as: Project planning: project managers can plan their projects using a simple and intuitive interface. Project managers can assign resources to their projects, set deadlines, and track progress. They can also create and edit project plans using customizable templates. Resource management: modern project reporting software allows project managers to quickly and easily assign resources to their projects. Managers can track the progress of their resources by viewing the status, assignment, and status history of each individual resource. Managers can also view a Resource Calendar, which shows resources' availability across the project. Document management: modern project reporting software supports Microsoft Project, Excel, and Google Calendar formats.

Best Project reporting software for professionals

As a token, we have awarded Finclock with a $25,000 prize. Finclock is a sophisticated project reporting software suite for professionals. It helps them track and manage projects, suppliers, products, and accounts. Finclock is based on a simple, yet powerful concept: project reporting.

Professionals often juggle multiple projects at once, and keeping track of them all can get complicated. Finclock manages projects by tracking individual assets, not assets by project. One problem with managing projects this way is that there's a risk that they may not all be tracked. Another is that tracking assets creates more work for the person who needs to keep track. Finclock is a web-based project reporting software suite. It lets professionals track and manage projects by tracking individual assets, not assets by project. Finclock makes it easy to track assets such as raw materials and finished goods, as well as cash and debt.

Finclock reporting tools allow professionals to focus on the information they need. They don't have to spend time analyzing data, or creating custom reports. Finclock reporting tools also give them more control over the data. For instance, they can add their own columns and formulas, or customize reports for specific users. Finclock integrates with other applications.  professionals can use Finclock to track assets, products, and suppliers in other applications.

Finclock PMS tools has multiple feature including;

1. Templates for common reports
2. Service-based reporting
3. Customizable reports
4. Drag and drop functions
5. Auto-calculations
6. Import and export capabilities

20 Benefits of Project reporting software for professionals

In the projects world, project reporting software is used to track project status, progress, and issues. It often includes project checklists, resource planning, and issue management features. There are a variety of project reporting tools on the market, each with their own benefits. Project reporting software can be used in a variety of ways. It can be a standalone system or integrated with a project management application.

Project reporting software can also be integrated with human resources software, payroll software, and accounting software. Project reporting software provides many benefits, including:

1. Efficiency and organization
2. Improved communication
3. Tracking and tracking reporting
4. Managing work effectively
5. Simplified reporting
6. online project management tools
7. Resource management
8. Issue management
9. Task management
10. Flexibility
11. Data analysis
12. Cost management
13. Resource utilization
14. Improved productivity
15. Increased efficiency
16. Integration
17. Paperless
18. Simplified
19. Efficient
20. Simplified
21. Integrated

Summary

Businesses use project reporting software to keep track of their progress, identify problems, and share information. It can even be used to motivate employees, for example by giving them access to real-time information about their performance. Project reporting software, unlike paper reports, can provide a permanent record of a project's progress. It can also include comments and ideas, and then be easily re-organized and retrieved. Some project reporting software features: * Automatic tracking of task progress * Time tracking * Resource tracking * Task management * Cost tracking * Communication tools * Real-time reports

All benefits of project reporting software

When a project fails, it is usually because too many people are trying to do too many things at the same time. The system will be able to show you which tasks are particularly important, and which ones can be ignored. For a project to be a success, you first have to decide what success means, and then make sure that everything you are doing contributes to it. Project management software will help you keep track of what success looks like. Once you have decided what success looks like, you can use a software to notice whether your progress towards that goal is going according to plan. If not, the software will tell you what particular tasks need to be redone. And then the software will help you keep track of those tasks and make sure that you do them.  The system will help you identify which team members are most important, and who should be assigned to which tasks. The software will help you keep track of who is doing what. The software system will also be able to tell you whether anything is going wrong, and whether everything is going according to plan. After all, even the best plans go awry sometimes. Project management software packages are modular. If a particular feature is important for a project you are working on, you can add that feature to your package. The software will keep everything organized and up to date. The system will also help you communicate and manage your team. The software will make communication easier, and group decisions easier. The software will have all the features you need, from a simple task list to complex scheduling and forecasting.

Here is a summary list of the benefits you should expect.

1. Project reporting software allows companies to work more efficiently and improve their quality.
2. Project reporting allows a company to track progress of various projects, identify problems and help solving them, and focus on important tasks.
3. Using the software allows employees to track their workload, identify problems, and act accordingly.
4. PMS tools in a software allows employees to see in real-time what's being done, what's planned, and what's being done.
5. The software enables employees to access project-related information from anywhere, at any time.
6. Enable employees to have easy access to project-related information.
7. Allows employees to track all their tasks, plan the work, and prioritize them.
8. helps employees to track all the work, including tasks, sub-tasks, and milestones.
9. Project reporting software allows employees to track all the costs, including time, resources, and money.

Summary

Software has created unprecedented opportunities for the project manager. There are new applications for project management in almost every industry. In the military, the project manager can use software to synchronize knowledge, strategy, and operations. In the field of information management, the software project manager can coordinate the efforts of many software programmers. Software puts project managers into the center of business. Software projects seem to be everywhere, and you can't go wrong with software. Software is so successful that project managers have become important players in the corporate world. But software can be complicated. A project manager had to take his best guess at what to do.  Hence, Project management software will not take over the project manager's job,  but it does make it easier to do  the work.

background

As project manager, you often need software to do your job. One of your primary tasks is to keep track of your project: who is doing what, when, why, how much, and so on. Most project managers use some kind of project management software (or, sometimes, none at all). But do you have the right kind? How do you know? Project management software comes in many flavors. Some are useful, some are not. Probably the most common is the spreadsheet. Spreadsheets are useful for keeping lists. But lists of what? There is an important distinction between lists of things and lists of processes. A spreadsheet is usually good for listing things. But spreadsheets are not so good for making them. A spreadsheet is good for keeping track of which tasks have been assigned to whom and when. But spreadsheets are not so good at keeping track of why the tasks were assigned. A spreadsheet is good for keeping track of how much has been spent so far on each project. But a spreadsheet can make it hard to keep track of what the money was spent on. A spreadsheet is good for keeping track of when each task is supposed to be done. But a spreadsheet can make it hard to track when each task was actually started. A spreadsheet is good for keeping track of who is supposed to be doing what. But a spreadsheet can make it hard to keep track of who really is doing what. A spreadsheet is good for keeping track of when you are supposed to be doing whatever. But a spreadsheet can make it hard to keep track of if you actually did it. Spreadsheets are great for listing stuff. But they're not so great for keeping track of stuff. So spreadsheets are not a good project management tool. There are two other types of project management software (or, sometimes, none at all). One is a paper notebook. Notebooks are often useful for keeping track of stuff. But lists on paper are hard to manage. Thus, benefits of project reporting software evince when you want to succeed and reduce operational costs.

Start with end in mind when using project reporting software

A lot of people say project management is part of the problem, not the solution. I disagree. Project management is often a good thing. In almost all professional situations, project management is easier than doing the work yourself. There, I said it. Anyone who says otherwise isn't honest. But project management is not always a good thing. In a lot of situations, it is hard or impossible. There are at least two reasons project management is hard. One is that there are a lot of bad project managers. The other problem is that in many organizations, project management is taken for granted, and people just assume it will always work. The bad project managers are usually easy to spot. They bark orders, they micromanage, they intimidate, they demand unrealistic deadlines and unrealistic budgets, and they pretend money grows on trees. They are also usually incompetent.

The bad project managers are a problem, but not the only problem. The problem is also that many people in management positions don't know how to manage projects. They think they have to micromanage everything, so they can say, "I told you so" later. As we said, project management is easier, and this makes it hard for managers to admit they don't know how to do it. But project management is hard even when managers know how to do it. One reason is that many projects require new skills or different skills. For example, some projects require people to think in new ways, or to learn new skills, or to use existing skills in a different way. But what often happens is that the people who know how to do those things, the people who know how to do project management, don't put them to use in new projects. So project managers do the best they can, but they can't always do it right. The second reason is that project management is hard even when management knows how to do it. A project requires discipline and discipline entails following a plan. Plans are well documented using PMS tools and that's why you need a software in your business.

In 1992, I was a manager in a software company. Our project was behind schedule and over budget, and we were suffering a series of other setbacks. Since it was my job to tell people bad news, I was having trouble doing that gracefully. As my superiors told me what was going on, I wondered why they had allowed the project to get so far behind. They said they had given a lot of thought to the problem, and that they had concluded that we should have managed it differently. After they left, I looked at their notes, and the explanation they gave me made sense. They didn't say, "We should have done more planning." They said, "We should have been doing less planning. "Finally, I understood. The problems that were costing us time and money were the result of our having underestimated what it would take to do the project. The trouble was that when we made the initial plans, we were thinking in terms of months, not in years. We assumed that we could do all the work in six months, and that after that the project would be easy, because we would finally get to use many of the things we had already done. We had assumed that we could pretty much keep our plans, and so had underestimated the costs of learning something new, and the cost of changing our plans. Late in the project, we suddenly realized that the way we had planned was flawed. We had planned to make software that could be used by lots of people, and it turned out it had to meet the needs of only a small number of people. We realized that we had spent a lot of money on stuff that people didn't need, and that we had wasted a lot of time making something that people didn't need. The experience taught me something: Don't plan to do a complicated project quickly. The lessons of that project are valuable even when you don't manage a project. If you are planning to do something complicated, and it isn't obvious, you need all tools that can help you do better. That's where project reporting software comes in.  There may be many tools that fit different use cases but for me, I used online PMS tools, which could suffice the scope of my work.

 project managers can do better when using project reporting software tools

Projects, by their very nature, are uncertain. "Whenever you build a project," says project management guru Peter Drucker, "you are betting that the project will add value to your operation." The bet pays off only if the project turns out as planned. To succeed, projects must be planned, managed, and evaluated. But most people aren't good at planning and managing, and most people don't understand how to evaluate a project's success. Project management is neither art nor science, but a mix of the two. Most projects succeed or fail by the simple virtue of being done right. And most of what we do well or poorly is not based on any hard science, but on intuition, experience, and common sense. Project management is a skill, and like any skill it can be taught. Unfortunately, people don't learn much from books, and much of what they pick up from books gets forgotten. The best way to learn is by doing. The basic principles of project management are not difficult to learn. The hard part is getting past the fundamental misconceptions most people have about projects. The better you get at managing projects, the easier it gets.

What does success in projects really mean?

The most accurate thing you can say about a business project is that it was successful. A project that was 50% successful would have produced 50% of the desired results. But did the project really achieve 50% of the desired results? Maybe it achieved more than 50%, maybe less. So, for project management, success means more than producing results. It means exceeding expectations. And for exceeding expectations, the measure of success is not whether the result fits a predefined plan, it's whether the result meets the customer's needs. Software projects are often compared to construction projects. In construction, it's customary to bill by the hour. If a construction worker spends 3 hours per 1,000 square feet, you might think it's reasonable to estimate the cost of a 2,500-square-foot house at 10,000 hours. But most projects don't work that way. a long term project development is more like building a house using the plans an architect makes. The customer needs a set of requirements, and you develop software to meet the requirements. You don't get credit for the time you put in. You get credit for meeting the customer's needs. The way to measure a project's success is not by comparing it, after the fact, to some arbitrary goal. It's by comparing the customer's goals to the final project. Suppose a customer wants a calculator that can do arithmetic, and it can also do trigonometry and calculus. Hence, using the right PMS tools may help you achieve a higher success rate in projects.

Project Managers need help in work reporting

In my time as a project manager, I frequently heard the phrase "project lifecycle." This phrase is probably a relic from the days when projects were long and laborious affairs, involving lots of paperwork and meetings. The lifecycle is a series of phases, each with its own tasks and deliverables. The project manager is the person in charge of each phase. At any given stage, the project manager is juggling multiple projects. The lifecycle, though, is not really a lifecycle. It is a list of phases. If you pitch all over a project, you are talking nonsense. A single project might go through many phases, and phases might overlap. At any given time, the project manager might be working on three or four projects. The lifecycle is a diagram meant to help management keep track of what projects the project manager is working on. The lifecycle is supposed to help management keep track of what projects the project manager is working on. The project manager is supposed to be the person in charge of each phase. But management is not supposed to tell the project manager what to do. The project manager is supposed to find the best way to meet management's goals. The lifecycle, though, doesn't really help management. It is just a list of phases, and what management wants most is for things to get done. What management wants most is for things to get done. Management's job is to set goals, and to help the project manager achieve those goals. Lucky for project managers, technology advancement has led to invention of project reporting software that can solve most of these challenges. One of free software for is Finclock

Use project reporting software to achieve more at work

The best managers know how to do two things: run the business, and run the people who work in the business. Both of those tasks involve making choices. The better managers make better choices. And the better choices they make, the better their outcomes. Some choices are easy. You pick which stock to buy, or which project to assign to an engineer. Some choices have fairly clear, objective criteria. Which of the engineers is sick or has the flu? Which of the projects is behind schedule? Other decisions are harder. Who are your best people? How do you reward them? How do you motivate them? How will you deal with the inevitable turnover? What skills do you need most? Of course, you can't know in advance which choices will turn out best. You can't know, for example, that your team won't all leave for a better offer. And you can't avoid making a lot of mistakes. But you can make better choices, and you can make better choices faster, if you learn from your mistakes. And the best managers always learn. The better managers use specific tools to make that learning easy. They measure and track results. They analyze data and track data. They use checklists and templates. They automate repetitive tasks. They track costs. And those tools, though essential, are not the only tools they have. The best managers also know how to ask the right questions: How big a problem is this? Who do I depend on to help me? What do I need to do? They know how to ask the right questions, and then they ask the right questions. They recognize and do the right things, and then they recognize and do the right things. It's not always clear how a particular decision will turn out. Using online project management software tools can help project managers achieve the tons of tasks by streamlining the delegation process.