Bangalore, Karnataka, India, Friday, February 23, 2007 — (Business Wire India)
Doing more for less does not necessarily mean having great technology. More depends on managing time effectively so that not only productivity goes up but organizations are able to plan each task and at the same time get a clear idea of the concise amount of work completed at any given point of time.
The timesheet management module in the recently launched CAMeLEAN®PM, a program management solution from Bangalore-based Ranal Software Solutions, a Ranal Group company, is an integral component of a program management tool.
Timesheets are used by organizations not only to track time utilized by each employee, manage online timesheet approvals and billing but also track and monitor non-project related work to collect data for analysis.
When each employee keys in the data to record the amount of work that he/she has done on a daily basis, it primarily serves a dual purpose. One, the project manager is able to obtain online information about the project – both in terms of the each team member’s performance as well as the status of the entire project as against the original plan.
“With our data capture ability, we can extrapolate and find out when the project is likely to be completed. Through this data the organization can also utilize its resources better. In case the project is behind time, workers can be added to get it on track or if it is ahead of time some team members could be removed and placed in another project,” says Mr Vijay Kumar Vice- president Ranal Software Solutions.
On the other hand, the timesheet module can also be used to calculate the cost of any future project through its in-depth data capture and analytic functionalities.
Today, timesheet management is becoming a crucial issue in organizations. Compared to 1999-2000 timeframe when companies had a price cushion to absorb project overruns, today’s environment is entirely different. The current wages and slashed pricing scenario along with a highly competitive environment had ensured that no such cushion for overruns exists. “Today, projects have to be completed as per the estimate. The margins are slashed by 50% and every company is extremely sensitive to time overruns. If it gets a project for 1000 hours it has to ensure that it completes it in 1000 hours to maintain its wafer-thin margins,” he explained.
There is another dimension being added to timesheet management. Customers are coming into the picture and demanding to see the time taken for, say, either a high or a lower level design work so that different pricing could be attributed to different levels of complexity and skillsets deployed. Moreover, the time-to-market is the sword hanging over every organization – be it services or products.
Effective timesheet management is also able to drastically cut down the time from say, 48 hours (to collect information and present it) to just about 30 seconds. Not only is it able to analyze and throw up hitherto unknown profiles but it is also able to enforce a certain amount of discipline in all organization’s processes.
Today, when most organizations are becoming acutely dependent on timesheet management, it is no longer a stand-alone module. Most companies are increasingly integrating the attendance monitoring functionality into timesheet module making it an integral part of the entire project management suite.
Ranal’s timesheet module has the unique capability to :
– Capture and record information under several headings, for example, a high level or a low level design, review, etc. Although all these activities fall under one task from a project standpoint, capturing information under different headings helps in a more in-depth analysis.
– Fine tune processes by using the captured data. The metrics enable companies to target better results the next time they take up projects in similar domains.
– Collect data pertaining to time taken for re-working projects, checking defects, etc.
– Collect non-project related data such as leave/attendance, time spent in meetings, ISO related work/audits, training (from a trainer or a trainee perspective).
– Even collect data from unique company experiences such as loss of time through power outages, network/sever downtime, download time and analyze it so that the problems can be ironed out.
– Write scripts so that reminders are sent automatically to workers for entering data into timesheets.
– Provide real time visibility to customers online so that if the need arises they can check the status of their projects immediately.
About Ranal Software Solutions:
Ranal Software Solutions is the R&D and product development division of Ranal group and offers the CAMeLEAN® suite of products for collaborative Process Lifecycle Management (cPLM) and Program/Project Management (PM). CAMeLEAN®/cPLM allows organizations to plan and manage their manufacturing processes in a flexible and predictable way and helps in eliminating the disconnect between design and production. CAMeLEAN®/PM allows organizations to plan, execute, track and manage their programs and projects according to business objectives, all from a single point. More at www.ranal.com/softwaresolutions.
About Ranal Group:
Headquartered in Auburn Hills, Michigan, USA, the Ranal Group caters to worldwide client needs through focused competency centers based out of the United States, Canada, Europe and India. The group is backed by decades of experience in technology areas such as CAD/CAM/CAE/PLM, robotics and off-line programming, manufacturing process planning and management, program/project management, digital manufacturing and cPLM. Ranal has over 600 clients from automotive, aerospace, heavy engineering and other industries and include ABB, General Motors (GM), Kuka Robotics, Motoman, Renault and many other leading global organizations. More at www.ranal.com
For press backgrounder on Ranal Engineering click here
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Ranii Menon,
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any competitors and a lot of effort went into making this product the easiest time tracking and time billing software to use.
