Project Portfolio Management: Enhanced Vision Across Teams

ProjectContexts stands out by placing a strategic emphasis beyond mere scheduling. As explained in great detail in our most recent blog post on Intuitive Project Management, The ProjectContexts platform distinguishes itself from other project management software by not relying on a schedule-centric approach. The Portfolio menu, a key highlight, empowers users to not only visualize schedules across various projects but also delve into a comprehensive comparison of diverse project management elements.

1. Portfolio Overview:

Upon selecting the ‘Portfolio’ option from the upper menu users are presented with a detailed sub-menu. This feature serves as a pivotal hub for holistic project management insights.

2. Portfolio Documents:

The Portfolio Documents menu is the corporate PMO library, representing a wealth of invaluable resources. While documents are non-editable within the portfolio menu, users can seamlessly manage them by editing, adding, or deleting them within the document section of the respective projects.

3. Resource Usage Table:

Delving into resource management, ProjectContexts introduces the Resource Usage Table. This feature offers a comprehensive breakdown of scheduled and unscheduled estimates. Scheduled estimates pertain to elements in the Gantt chart, while unscheduled estimates, reflecting “remaining hours,” are associated with contexts, issues, and action items. Importantly, all estimates are presented “as of today”.

4. Portfolio Schedules:

The Portfolio Schedules feature enables users to filter displayed projects based on criteria such as activity status. This ensures a focused, tailored view of the project landscape.

5. Portfolio Contexts:

An integral aspect of ProjectContexts is the ability to search for contexts across all projects. This achievement is materialized in the Portfolio Contexts section. With the appropriate license, users can seamlessly search for Lessons Learned, Risks, Quality Issues, Safety Issues, and more across historical and current projects.

Summary

ProjectContexts Portfolio features transcend traditional project management boundaries, offering a holistic view of project elements. From the comprehensive document library to resource usage insights and context-based searches, ProjectContexts empowers users with a versatile project management experience.

Ready to explore ProjectContexts Portfolio features? Sign up for our free trial today.

Intuitive Project Management: Avoid the Schedule-Centric Approach for Better Results

In the ever-evolving landscape of project management, efficiency and clarity are paramount. Today, we shed light on the paradigm shift brought by ProjectContexts – a transformational project management platform that transcends the limitations of traditional scheduling-focused software.

Let’s assume you are handed a project to build a house from existing architectural drawings.
Like a real estate’s virtual walk-through, you visualize the outside, first floor: the living room with the patio door to the garden, the kitchen with some appliances,  maybe the ventilation ducting, water and sewage system, etc. Then walk up the staircase to the second floor, etc.

Certainly, you do not visualize “tasks”, at least not at this stage. So why would you want to call them “summary tasks”? you can then also “indent” tasks or “outdent” to summary tasks? ( To eliminate confusion we call them “system”, sub-systems, etc.)

Maybe you might associate some properties to those systems, like a two-door, extra-wide refrigerator?

Maybe now you visualize the tasks necessary to create each of those systems, such as how long it will take with how many people, how we sequence the tasks within that system, etc.

The point is, at this time we are ready to use a schedule interface for that system: when we know what to put on the schedule.

Instead of starting a project with an empty schedule with only a vague idea of what you have to put on the schedule, without a clear vision of which tasks should be tasks, summary tasks, outdented summary tasks, and so on.

Traditional Project Planning Sequences
ProjectContexts Project Planning Sequence

1. Planning Project Elements: Beyond Schedules

Contemporary project management software often fixates on schedules, creating an unnecessary hurdle for project managers. The most common scenario happens where these tools start with an empty schedule which diverts attention from crucial project elements. At ProjectContexts, we challenge this norm.

Imagine a different approach: ProjectContexts advocates a top-down process, urging project managers to prioritize the project charter, objectives, deliverables, and scope initially. A software platform should be able to provide a project setup that intuitively aligns with your project’s vision.

2. Intuitive Project Set-up: Relationships Beyond Schedules

ProjectContexts addresses the difficulty of delineating project components without a predetermined schedule. Our approach introduces a user-friendly concept wherein all elements can be viewed and modified seamlessly, whether within or outside the schedule. This flexibility allows users to initiate projects with an empty schedule if desired. The relationships between tasks are simply task properties, utilizing a schedule for graphic definition convenience while remaining editable without the limitations of a rigid schedule.

3. Summary Tasks and Systems: Enhancing Clarity and Precision

In ProjectContexts, a “task” is precisely that – a unit of work. But a “summary task” is reimagined as a “system,” representing a collection of tasks, deliverables, or phases. Unlike traditional software, easily up/downgrading tasks to/from summary tasks are replaced by a more accurate and error-resistant system in ProjectContexts.

More Than Just A Schedule

Ultimately the schedule looks similar to other PM software schedules with graphical relationship input but also includes a Schedule Resource Panel for tracking accuracy.

Workspace ON-Schedule vs OFF Schedule

Managing ON-Schedule and OFF-Schedule elements in traditional project management has been an ongoing challenge with today’s contemporary project management platforms. The main issues reflected are scattered project components across different platforms which can cause for lost work and unnecessary time consumption. ProjectContexts eliminates the ON-OFF schedule differentiation, providing a unified space for all project-related elements.

Key features include the use of Contexts to replace to-do lists, the association of issues and action items with systems, the integration of systems into supplier contracts, the intelligent linking of contract milestones with project milestones, and the incorporation of meetings and minutes within the platform.

Addressable Systems

Systems can be addressed inside a schedule for example to filter a schedule. (Instead of selectively hiding / unhiding summary tasks)

Systems, Tasks and Milestones can be addressed outside a schedule, for example for interfacing with supplier contracts, terms of payments, supplier tendering, progress reports, etc.

Summary

In conclusion, to say the benefits are significant is an understatement. The process becomes much more intuitive, eliminating the hassles of in and out-denting. Systems and tasks are addressable and defined independently of a schedule, allowing full access to team members without needing schedule permissions. Elements traditionally considered off-schedule, such as to-do lists, contexts, and contracts, can be associated with systems and schedule milestones. Additionally, unlike most schedule-centric platforms, there is a clear overview of system owners and contracts. “Lessons Learned” can also be associated with systems, further enhancing the process.

Unlock the Future of Project Management with ProjectContexts

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Join us in revolutionizing how projects are managed – where the focus is on the scope of your project, not just the schedule.

Micromanagement: The Curse of the Project Manager

Micromanagement has long been perceived as the curse of project managers, impeding their productivity and diverting their focus from strategic planning to the nitty-gritty details. Despite the advent of contemporary project management platforms like Microsoft Project, Smartsheet, and Monday.com, micromanagement remains an enduring challenge for senior project managers. These platforms, designed to streamline project processes, often inadvertently foster micromanagement, gripping project managers in the labyrinth of complex algorithms and restrictive policies.

Challenges with Micromanagement in Contemporary Platforms:

1. Complicated Schedule Updates: Updating schedules, a fundamental aspect of project management, becomes a tedious and time-consuming task. Contemporary platforms, with their intricate algorithms, demand a deep understanding, restricting read/write access to team members. This often results in project managers shouldering the entire burden of schedule updates, exacerbating micromanagement tendencies.

2. Approval Bottlenecks for Timesheets: Approval processes for timesheets, crucial for payroll and project management, often encounter bottlenecks. While the accounting department holds authority over payroll matters, it lacks project-specific insights. This void leaves the project manager as the default approver, adding another layer to micromanagement.

3. Task Neglect towards Project End: As projects near completion, the motivation to update tasks diminishes, leading to incomplete and inaccurate project templates. This reluctance stems from the perception that late-stage task updates might not significantly impact the project’s overall outcome. Unfortunately, this practice can result in incorrect durations becoming ingrained in future project templates.

ProjectContexts: A Micromanagement Solution:

In response to these challenges, ProjectContexts emerges as a beacon of relief for project managers striving to break free from micromanagement shackles.

1. Ownership Concept: ProjectContexts introduces the innovative concept of “Ownership,” allowing project managers to delegate detailed management tasks to designated team members. This not only boosts employee satisfaction and empowerment but also leverages specialized knowledge within the team. The Ownership permissions utility, editable by the project manager, ensures seamless collaboration and distributed responsibility.

2. Streamlined Schedule Updates: Recognizing that not every team member may possess an intimate knowledge of the platform, ProjectContexts simplifies the process of updating schedules. With user-friendly interfaces and simplified permissions, designated Owners can effortlessly contribute to schedule updates without grappling with intricate platform algorithms.

3. Accessibility Beyond the Schedule: Breaking free from the conventional schedule-centric approach, ProjectContexts allows task updates from outside the schedule. Team members, even without direct access, can easily report on the status of their tasks, fostering a collaborative and transparent environment.

4. Auto-duration Facility: ProjectContexts incorporates an auto-duration facility, streamlining the process of batch auto-task duration updates. This feature enhances accuracy and reduces the manual effort required for repetitive tasks, freeing project managers from mundane micromanagement responsibilities.

5. Simplicity in Updates: The simplicity in updating functions such as “Start” and “Finish” with ProjectContexts empowers users with simple keystrokes. The ease of redoing tasks and recalculating durations ensures accuracy, especially when utilizing follow-on templates.

6. Comprehensive Reporting: Acknowledging the significant time spent on generating reports, ProjectContexts provides on-demand, up-to-date schedule overviews, Work Breakdown Structures (WBS), and contract status reports. These reports are easily accessible online, eliminating the need for unnecessary manual reporting efforts.

Conclusion and Call to Action:

Project managers, burdened with the weight of micromanagement, can now embrace ProjectContexts as a liberating solution. By fostering a culture of Ownership, simplifying updates, and providing comprehensive reporting features, ProjectContexts alleviates micromanagement challenges and propels projects toward success. To experience the transformative power of ProjectContexts, sign up for our free trial today and revolutionize your project management experience. Break free from micromanagement and embrace efficient, collaborative project management with ProjectContexts.

Time and Cost Baselines: Improve Performance Measurement for Efficient Forecasting

Effective control over time and costs is paramount. ProjectContexts, our advanced project management platform, empowers you to establish and manage both Time and Cost Baselines seamlessly.

Schedule / Time Baselines

A project baseline is a crucial tool that can be incorporated at any stage, with the flexibility of creating an unlimited number of baseline schedules. Once selected, the baseline is intricately integrated into the current schedule, providing a graphical representation. However, graphical displays have limitations. To overcome this, ProjectContexts offers a robust reporting utility. This utility (See Figure 1) facilitates a comprehensive table-based comparison between the current schedule and the baseline schedule, including actual hours, remaining hours, and the estimate for total hours at completion.

Figure 1: Baseline Selection

The simplicity of a single keystroke activates the Baseline utility, as shown in Figure 1. On the schedule, the selected baseline is graphically overlaid, as illustrated in Figure 2 below.

Figure 2: Baseline Overlayed on Current Schedule

To delve deeper, a baseline report provides insights into differences between baselines and disparities between a baseline and the current schedule, as seen in Figure 3.

Figure 3: Differences Between 2 Baselines

Creating, Viewing, and Selecting Baseline

Progress tracking reports for individual project elements, such as overall project, systems, and tasks, also display the baseline graphically. In Figure 4, the baseline is instrumental in interpreting progress reports. For instance, “scope 2” could explain a slight uptick in the estimated remaining hours around September 2022.

Figure 4: Baselines Used for Interpretation of Progress Reports

Cost Baselines

Parallel to time baselines, cost baselines play a vital role, focusing on total costs, including labor costs based on standard skill classifications. Figure 5 exemplifies the creation of a cost baseline, mirroring the process for a time baseline.

Figure 5: Cost Baseline Created

To gain insights into cost-related metrics, ProjectContexts offers a dedicated Cost Baseline report, illustrated in Figure 6.

Figure 6: Cost Baseline Report

In conclusion, ProjectContexts provides an integrated solution for project managers to effectively manage time and cost baselines, enhancing project control and decision-making. To experience the full potential of ProjectContexts, sign up for our free trial today and elevate your project management capabilities.

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Cost Resources: Ensure Accurate Financial Tracking and Budget Management

In our latest newsletter, we explored the intricacies of supplier contracts, delving into specifications, general conditions, and payment terms. Today, let’s expand on this and discuss the multifaceted realm of supplier costs, how they are categorized, quoted, tracked, and ultimately reported within ProjectContexts.

1. Cost Types (Corporate Admin): In ProjectContexts, we adhere to a standardized procedure of categorizing costs as much as possible. This not only facilitates easy identification but also empowers users to search and filter for the same type across various projects, past and present. Figure 1 illustrates this process within the Admin/Project Settings Menu, showcasing the importance of predefined corporate types for efficient project management.

Figure 1: Cost Types (Admin / Project Settings Menu)

2. Project-specific Cost Quotes: Within the project domain, the identification of actual quotes is paramount. Figure 2 provides a snapshot of this phase, emphasizing the flexibility to use a dummy supplier during the planning stage until the actual supplier is determined.

Figure 2: Cost Quotes

3. Cost Tracking: ProjectContexts goes a step further by meticulously tracking total costs for specific supplier costs. Figures 3 and 4 showcase the dynamic nature of cost tracking, allowing users to focus on a particular activity through the [Filter Activities] drop-down box. Moreover, a detailed breakdown is available in Figure 5, offering transparency into the intricacies of each activity’s cost structure.

Figure 3:  Supplier Cost Tracking for the Project
Figure 4: Supplier Cost Tracking for the Project-2
Figure 5: Activity Cost Breakdown

4. Cost Breakdown for Specific Activities: For a granular view, ProjectContexts enables users to drill down into the cost breakdown of specific activities. Figures 6 and 7 showcase the costs associated with the task [drum preliminary analysis], providing valuable insights for efficient project management.

Figure 6: Cost Breakdown for a specific Activity -1
Figure 7: Cost Breakdown for a specific Activity -2

5. Cost Baselines Report: All these costs culminate in the Cost Baselines report, offering a comprehensive summary. Figure 8 exemplifies this by providing a high-level overview of the project’s financial landscape.

Figure 8: Cost Baselines Report

Conclusion: Efficient project management demands a robust system for handling supplier costs. ProjectContexts not only simplifies this process but also ensures transparency and accountability at every stage. To experience the full capabilities of ProjectContexts, sign up for our free trial today and revolutionize the way you manage project costs.

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Navigating Project Finances Across Currencies: A Project Manager’s Perspective

As a seasoned Project Manager, I understand the challenges that come with handling multiple currencies within a single project. In today’s global business landscape, it’s not uncommon for a US-based engineering company to secure contracts overseas, adding layers of complexity to financial management.

The Currency Conundrum

Let’s consider a scenario: You’re managing a significant project for a German client, with the contract denominated in Euros. The catch? Your labor resources are based in the US, and certain services are subcontracted to a Canadian engineering firm, invoiced in Canadian Dollars (CAD). Juggling these diverse currencies can quickly become a headache if not managed effectively.

The Currencies in Play:

  1. Accounting Currency (USD):
    • This is the company’s standard currency, including labor costs, making it easier to track and manage.
  2. Project Currency (USD or Euro):
    • A crucial decision for Project Managers. In ProjectContexts, the default is set to the Customer contract’s currency, streamlining the project’s financial overview.
  3. Supplier Contract Currency (Any):
    • Recognizing that supplier contracts may vary, ProjectContexts allows flexibility in choosing any currency as per the contractual agreement.

The ProjectContexts Advantage

In addressing these challenges, ProjectContexts offers a powerful solution, ensuring transparency and efficiency in managing currencies. Here’s how:

Currency Exchange Utility (See Figure 1)

ProjectContexts includes a transparent currency exchange utility that automatically updates exchange rates every 24 hours. This feature simplifies the currency conversion process, seamlessly integrating it into the report generation.

Figure 1: Currency conversions for cashflow report

Streamlining Financial Oversight

With ProjectContexts, Project Managers gain the ability to:

  • Choose Relevant Currencies:
    • Select the accounting, project, and supplier contract currencies that best suit the project’s needs.
  • Real-Time Exchange Rates:
    • Enjoy the convenience of up-to-date exchange rates, ensuring accurate and timely currency conversions.
  • Effortless Cashflow Reports:
    • Generate comprehensive reports with transparent currency conversions, providing a holistic view of project finances.

Your Next Step: ProjectContexts Free Trial

Ready to simplify your project management experience? Sign up for ProjectContexts’ free trial today. Experience firsthand how our innovative approach to currency management can transform the way you handle global projects. Embrace efficiency, transparency, and control – all in one comprehensive project management solution.

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Change Management: Facilitate the Adoption of New Processes with ProjectContexts

Understanding Contexts: The Foundation of Change Management

From its inception, ProjectContexts recognized the pivotal role of change management in successful project execution. Drawing inspiration from the familiar concept of To-Do lists, the founders transformed issues and action items into the foundation for necessary changes. By introducing “Context Lists” and categorizing them into various types such as Customer Complaints, Quality Issues, Safety, and more, ProjectContexts set a new standard for comprehensive change management. (See Figure 1)

Figure 1: Context Types and sub-types

1. Context Types: A Comprehensive Approach

The concept of Contexts ensures that all team members engaging in change understand the full background or context. From Customer Complaints to strategic requirements like “lessons learned” and “risks,” ProjectContexts allows companies to define an infinite number of Context Types.

2. Contexts, Issues, and Action Items: Driving Collaboration

Any team member can initiate a Context, be it a customer complaint, safety concern, or marketing input. The Context Owner can define associated issues, action items, due dates, and even link them to specific systems. This collaborative approach ensures a holistic understanding of the change process. (See Figure 2)

Figure 2: Progress Tracking for Issues and Action items

Issues are defined in detail and viewed in a list for each context, such as shown below. (Figure 3 & 3a)

Figure 3a: List of Action Items belonging to an Issue.

2.1 Tracking Time and Progress: Empowering Project Managers

Issues and action items in ProjectContexts enable the logging of assignees’ time and Estimated Time to Completion (ETC). While not scheduled, this data provides project managers with a comprehensive view of allocated time across systems, tasks, issues, and action items.

3. Kanban Board for Enhanced Visibility

For a broader perspective on change management, ProjectContexts offers a Kanban view, providing an overarching visualization of issues and associated action items. (See Figure 4)

Figure 4: Kanban board associated with Issues.

3. Integration with Systems, Tasks, and Schedules: Seamlessness Redefined Tasks in a schedule should only appear when details are clear. ProjectContexts allows the seamless transition of action items into the schedule’s Gantt chart, marking them as A-Tasks and maintaining all background information (See Figure 5)

Figure 5: Create a Task in  a Schedule from and Action Item in a Context

3.1 Conflict Resolution and Notifications: Ensuring Precision

As relationships with other tasks are introduced, ProjectContexts automatically correlates due dates with associated A-Tasks, notifying of conflicts if any.(See Figure 6)

Figure 6: Transfer of Action Item properties to a Task in a Gantt schedule.

After introducing relationships with other tasks, ProjectContexts automatically correlates the Due Date of the action item with the early finish of the associated A-Task and notifies of a conflict if there is any. (See Figure 7)

Figure 7: The Action Task inside a System inside the Schedule.

Ready to Transform Your Project Management Experience?

ProjectContexts goes beyond traditional project management software, making change management an integral part of your project’s DNA. Now, you have the opportunity to experience this revolutionary tool yourself. Sign up for a free trial of ProjectContexts today and elevate your project management game!

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Embrace change, empower your team, and propel your projects to new heights with ProjectContexts!

Enhancing Project Management Through Strategic Lessons Learned

The value of lessons learned in project management cannot be overstated. Often relegated to post-project meetings and forgotten, these valuable insights are at the heart of continuous improvement. At ProjectContexts, we redefine the approach to Lessons Learned (LL), turning them into strategic assets that transcend project boundaries.

Contextualizing Lessons Learned: A Strategic Imperative

At ProjectContexts, we view Lessons Learned as a distinct Context type, treating them as strategic assets rather than mere post-mortem notes. Our unique approach involves providing a brief Context description that outlines the type of lesson to be implemented. We meticulously define the issues and prescribe actionable items, ensuring that a Lesson becomes truly “Learned.”

Consequential Benefits of Our Approach:

  1. Centralized Storage: All Lessons Learned are securely saved within ProjectContexts, preventing valuable insights from being lost or misplaced.
  2. Future Accessibility: Our platform ensures that lessons can be accessed years later, utilizing a powerful search utility that spans past and present projects.
  3. Timely Implementation: By making Lessons Learned available from the Project Start date, we prevent crucial issues from being forgotten or overlooked, especially if addressed at the end of a project.
  4. Strategic Contexts: Lessons Learned are categorized as strategic Contexts, distinguishing them from operational aspects. This includes SWOT analysis, Risks, Customer Complaints, and more, all customizable through our Administration menu.
Figure 1: Lessons Learned and Sub-types

Empowering Your Project Management Journey

In the example provided, the importance of addressing distinct action items for ISO procedures in Customer and Supplier contracts is evident. ProjectContexts ensures such nuances are captured, preventing oversight in subsequent projects.

Figure 2: Example for Context
Figure 3: Example for associated Issue
Figure 4: Example for associated Action Item

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Experience the transformative power of ProjectContexts by signing up for our free trial. Unleash the potential of strategic Lessons Learned, and revolutionize the way you manage projects.

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Elevate your project management practices with ProjectContexts – where lessons are not just noted but truly learned.

Bridging the ON-OFF Schedule Gap: Eliminate Redundancy with One Platform

In the dynamic world of project management, the challenge of seamlessly integrating ON-Schedule and OFF-Schedule elements has long been a hurdle. Traditional project management software often divides these elements, forcing Project Managers to juggle between different workspaces and tools. Enter ProjectContexts, a revolutionary platform that eradicates the ON-OFF schedule differentiation, providing a unified space for all project-related components.

Breaking Down the ON-OFF Schedule Challenge:

Serious Project Managers are familiar with the struggle of managing various aspects of projects, such as minutes of meetings, to-do lists, cash flow, contracts, and lessons learned. These elements often find themselves scattered across different platforms like One-Drive, company servers, or other external tools, creating a disjointed experience. The ON-OFF schedule challenge emerges when trying to synchronize or link these dispersed components.

How ProjectContexts Reshapes the Landscape:

In ProjectContexts, the paradigm shift begins with the elimination of ON/OFF schedule differentiation. Every element, from project details to action items, is seamlessly integrated into the platform. Let’s explore key features that redefine how Project Managers handle project components:

Contexts Replace To-Do Lists:

Contexts, as discussed further in our previous article titled “Change Management: Facilitate the Adoption of New Processes with ProjectContexts”, is acting as background titles for to-do lists, and streamline the handling of issues and action items. Estimated hours from Contexts are effortlessly transferred to the schedule’s resource panel, simplifying project resource management (See Figure 1).

Figure 1: Unscheduled estimates from Contexts carried over to the schedule’s resource panel.

Time & Cost Logging: Using Your Payroll to Define Project Performance

It is no secret that to serious project management professionals, precision and efficiency are paramount. The ability to track time, costs, and progress accurately can make the difference between a successful project and one plagued by delays and budget overruns. Enter ProjectContexts, a comprehensive project management platform equipped with a powerful timesheet module that revolutionizes the way project teams operate.

  1. Time Logging Made Seamless

Time Sheet Logging for Non-ProjectContexts Activities

One standout feature of ProjectContexts is its versatile timesheet module, which extends its utility beyond the platform itself. Users can seamlessly log time for non-ProjectContexts activities, ensuring a holistic view of their work hours. This is achieved through the integration of account numbers from the accounting system, all of which are user-defined for flexibility.

Figure 1: A snapshot of user-defined account numbers. 

Time Logging for Projects within ProjectContexts 

Within the ProjectContexts environment, time tracking reaches a granular level, down to task specifics in a Gantt chart and action items in the Change Management Process. The platform provides three distinct philosophies to cater to diverse project needs. 

Time logging becomes as simple as possible, allowing users to log hours directly within detail screens, such as tasks and action items, as well as on the timesheet itself. This streamlined process results in a prepopulated timesheet for the week, enhancing efficiency and accuracy in time tracking (see Figure 2 and Figure 3). 

Figure 2: Time logging directly on the detail page. 
Figure 3: Time logging on the detail page. 

Time Logging on a Timesheet 

At the end of each week, additional time can be logged onto the timesheet. This timesheet is pre-populated with the times added throughout the week, providing a comprehensive overview. Users have the flexibility to edit these pre-defined times, ensuring the utmost accuracy in recording hours. For progress tracking, users are prompted to enter the remaining hours for each element, ensuring a more insightful Estimated Time to Completion (TTC) rather than a mere percentage completion (see Figure 4). 

Figure 4: Completed Timesheet with approval. 

2. Precision in Cost Logging 

ProjectContexts brings a nuanced approach to cost logging, distinguishing between supplier contracts and supplier costs. Supplier costs, often less formalized, are tracked similarly to labor time. Examples include sporadic needs like a mobile crane, short-term contracts for engineers, and various employee expenses. The tracking mechanism (see Figure 5) involves logged costs and Estimated Cost to Completion (CTC), mirroring the accuracy achieved in time tracking. 

Figure 5: Informal supplier costs in Project properties. 
Figure 6: Cost Logging. 

3. Seamless Integration with Accounting Systems 

To further enhance its practicality, ProjectContexts allows for seamless import/export of timesheet data to any accounting system through CSV files. This capability ensures that financial data is synchronized and readily available for broader financial analysis. 

Experience the Efficiency – Sign Up for ProjectContexts 

In conclusion, ProjectContexts stands out as a comprehensive project management solution with a robust timesheet module that goes beyond conventional tracking. Precision in time and cost logging, coupled with seamless integration with accounting systems, makes ProjectContexts an indispensable tool for project teams. 

Sign Up for a Free Trial Today! 

Ready to revolutionize your project management? Sign up for a free trial of ProjectContexts and experience the power of efficient time and cost tracking. Your projects deserve the precision that ProjectContexts provides.