Time tracking is critical to optimizing project profitability and resource management, but there is no one-size-fits-all tool that accommodates the unique needs of different AEC firms. If time tracking is too simple or rigid, supplemental and often manual calculations are required to address specific project needs. On the other hand, when time tracking is overly complex, staff may use it incorrectly or inconsistently. In both cases, errors, oversights, miscalculations and inaccuracies can negatively affect project profitability, resource allocation, utilization and forecasting.
Today’s AEC firm needs a modern, collaborative and smart solution that’s accessible anytime and anywhere. BST11 Timesheet app is a web application that lets firms tailor time tracking companywide and by project. For example, BST11 Timesheet app allows a firm to choose between pre-defined utilization based on its internal standards, whether that means chargeable hours over total hours or a more nuanced formula that accounts for part-time roles and overtime.
Beyond utilization, BST11 Timesheet app has built-in configuration features, enabling firms to require a description, hide fields that aren’t relevant to a particular process or employee and more. It is highly configurable, allowing AEC firms to simplify time entry for more consistent reporting across projects and teams. BST11 Timesheet app also streamlines the review process for supervisors and PMs, unlocking higher utilization, billing and revenue performance.
The importance of time tracking in the AEC industry cannot be overstated. Precise time tracking allows firms to pinpoint project status and more efficiently turn time into money. Additionally, with exact data to draw from, forecasting for future projects becomes much more reliable. BST11 Timesheet app gives AEC firms the flexibility and clarity to boost profitability with every project.
To see how BST11 Timesheet app facilitates time tracking for PMs and project staff and learn about BST Global’s suite of AI-powered project intelligence™ solutions, request a demo.
