Journyx PM Journal

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Mon, 17 Oct 2005

Project Management: Using Data to Increase Profitability and Reduce Risks

Project management data - which is obtained from time tracking information - is often an area that could be improved in many companies. Recent studies have shown that cost reductions of 6.5 percent are common from improvements in tracking time from the project management area alone. This compares with improvements of about 5 percent for billing automation or 1 percent for payroll automation.

Time tracking data (payroll, billing, project management, and strategy) can be used to improve project management in the areas of...

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