7 Proven Time Tracking Methods for More Productivity

7 Proven Time Tracking Methods for More Productivity

August 31, 2022

Time tracking has been an important part of business for a long time. However, time tracking methods have seen a lot of change in the last few years.

These changes have been caused by multiple reasons.

  • Availability, AKA The bloom of internet and mobile technology – time tracking has never been easier and more available. Most employees in all industries have access to these technologies. In other words, they can track their time more quickly and effectively.
  • Necessity, AKA The large shift to telecommuting and remote work – if your team is working from their homes, sometimes all over the world, you need an accurate way to track their time. Simply put, you cannot check whether they’re working by popping up to their office. On the other hand, you need to know the state of your projects and pay each team member accordingly.
  • Opportunity to Fix Issues AKA New time tracking technologies – numerous new options make life easier for employers in any industry. Different time tracking methods and systems allow employees to easily track time, clock in and out, confirm their locations, allocate resources and costs, etc. All you need to do is choose the right software for your business.

The Importance of Time Tracking

Precision is available to all organizations. However, it isn’t always necessary.

Some businesses only need basic time tracking, as their charging systems don’t demand more detail. For example, these are the businesses that negotiate a fixed fee for a certain project.

Secondly, some organizations are looking for more accuracy when it comes to time tracking. Yet, they aren’t interested in detailed calculations. These are usually small businesses that have reached their planned reach. In other words, they do not have the means or the intention to grow in the foreseeable future

Finally, some companies are looking for a system that will turn their time logs into detailed reports. They usually turn to more complex time tracking solutions that deliver those reports. They usually contain key performance indicators the business needs to increase profit and implement better business practices.

Here are the most popular time tracking methods, ranked from the simplest to the most complex when it comes to their features.

Clock-in and clock-out

Clock-in and clock-out

 

This is one of the oldest time tracking methods. That is to say, the employees will clock in and out when they come in and leave work. No other information is added.

The method itself saw many different versions. Here are the most important ones, chronologically

  • Signature method
  • Time clocks and punch cards
  • Phone application and clock-in kiosks

As you can see, the only information you will be able to receive is the time an employee has entered and left their workspace. Their daily obligations, tasks, and projects they partake in, are not accounted for.

In other words, this method gives the least amount of information. If you are running a business that doesn’t require your employees to record their time on specific activities, this time tracking method can be a great solution.

For example, you are running a construction business, where your managers are present during the entire day. In this case, you don’t need more accurate time tracking options. Especially so if the daily or hourly rates have been determined for the entire team.

Pros of The Method

  • Extremely simple input method
  • Very clear output with no hurdles in between
  • Relatively low costs

Cons of The Method

  • Very little information – You won’t be able to determine whether the employees have worked up to your standard or not
  • Buddy-punching – it is enough for an employee to know their coworker’s signature or have their punch card. On the other hand, if you use dedicated kiosks and mobile apps, the benefit of affordability goes out the window

Stats

 

The Honor System

The Honor System

This is the simplest method of time tracking. It consists of the femployees reporting directly to their managers. This usually means some guesstimation will be involved in the process.

The simplicity of this method relies on the employees not having to record their work. They simply look at the time they’ve spent on a project and report it.

The manager, then, has to calculate the employee’s salary based on these reports and the employee’s hourly rates. And here is where we find the method’s big issue.

The system may be very simple for the employee. The managers, on the other hand, have to repeat the process for each team member they manage.

Pros of The Method

  • Extremely simple
  • Basically no costs
  • No equipment needed

Cons of The Method

  • Precision and honesty – some employees will misremember their activities. This is especially prevalent with weekly or monthly reports (as opposed to daily). Other staff members will even commit time theft and purposely increase their hours
  • Manager overwork – since there are no records of the time, the managers will have to create payroll lists from scratch. Multiply that with the number of employees they manage, and you will have chaos and burnout
  • An inherent lack of details – as the employees only report the number of hours they’ve worked and projects they’ve spent them on, there are very few details available. This can create issues with your clients as well, as many of them are used to receiving more details in their invoices

Stats

 

Pen-and-paper timesheets

timesheetPen-and-paper timesheets

This type of timesheet is the oldest one. it is as simple as the name says. That is to say, this method requires a piece of paper and a pen.

There are two ways to fill paper timesheets. The first one is free-form, with simple blank paper. The more organized version requires a pre-printed template.

This is one of the time tracking methods that should give you a good amount of information. In other words, you should include mandatory details each employee should write down. These include

  • Start and finish times for each task
  • Details about each task – type, project, client
  • Break time (start and finish)
  • Additional industry- or position-related fields like hourly rates, etc.

It doesn’t matter whether you use the free-form or pre-printed method. All paper timesheets should contain this information.

Managers should take the timesheets and – again – calculate the employees’ salaries based on the information in them

Pros of The Method

  • Extremely affordable
  • No tools except for office supplies
  • No training requires

Cons of The Method

  • Time-consuming – filling in all required details by hand can take quite a bit of time. Especially if you’re juggling a large number of tasks.
  • Human error – people can make many mistakes when filling out the timesheets. Some won’t remember the exact time and turn to guesstimation. Others will, by accident or design, enter more hours. finally, some will simply forget to fill the timesheets or lose their papers.
  • Focus – having to switch back and forth between tasks can be confusing and reduce focus

Stats

 

Excel spreadsheets

Excel spreadsheets

Excel has been used to document employee activity for a while. Some businesses stay faithful to this method even today.

There is a common thread between pen-and-paper and Excel spreadsheet time tracking methods. Basically, Excel allows employees who work at computers to enter all the data they would otherwise enter in a paper template.

The advantages of Excel reflect in the lack of physical items an employee has to interact with. Simply put, they will keep using their basic work tool – their computer.

Excel also removes the necessity of a manager going through the employees’ timesheets. The program can calculate the payroll on its own. Additionally, you can add as many columns as you want to the reports as well.

That being said, this means there are certain limitations of this method, as employees whose days aren’t spent at their desks may not have the chance to be accurate or even record their time at all.

Pros of The Method

  • Good organization
  • Ease of use
  • More tracking options and high customizability

Cons of The Method

  • Human error – a single period instead of a comma can create a huge issue. Not to mention other random and unexpected mistakes any of us can make
  • Time-consuming – the fact that you’re typing instead of writing by hand doesn’t reduce the time needed to write the data down
  • Overwhelming – if you use this time tracking method in a small team, you can make your life much easier. However, looking through tens, or even hundreds of spreadsheets isn’t an easy feat

Stats

 

Timesheet software

Software designed specifically to track time is one of the most effective time tracking methods. However, we are going to look at the software specifically designed to manage timesheets.

This is yet another step up from the pen-and-paper and Excel methods. That is to say, these software solutions are created for the purpose of tracking employee time through timesheets. Hence, they take the usual time tracking issues into consideration.

This, in turn, means, the software will most often come with useful pre-refined features that will make the entire process easier.

For example, most timesheet-based solutions will have categories for clients, tasks, projects, etc. That means your employees and managers won’t have to create them.

Pros of The Method

  • Most are simple and intuitive
  • High level of automation
  • Reliability

Cons of The Method

  • Human error – even having time tracking software doesn’t prevent your employees from being forgetful and inaccurate
  • Learning curve – if your team isn’t that computer-savvy, they will take some time to learn to use the system
  • Pricing – some time tracking platforms can get quite pricey. This is especially prominent with apps that deliver complex reports, or with companies that employ a large number of people

Stats

 

Automatic tracking with timesheets

Timesheet software

When we are talking about time tracking methods, we cannot skip over automatic time tracking apps. Especially if said apps also offer a timesheet solution.

The combination of these two methods is very effective. The main reason for that is that the employees can turn a time clock related to a specific task on, and their time will be tracked automatically.

Programs like this often automatically allocate resources and costs to a specific client. This, in turn, makes them very useful for professional service companies that have a large number of projects going on at the same time.

The previous time tracking methods we’ve gone through have a common deficiency. Namely, they can easily succumb to human error.

When it comes to using automatic solutions with timesheets, you’re allowing your team to automate the process. However, you’re also giving them the opportunity to edit their reports and eliminate any mistakes.

These possibilities, combined with usually great reports, propelled this method into popularity and extremely wide use.

Pros of The Method

  • Ease of use
  • Reduced human error
  • Combining the strengths of the previous two methods

Cons of The Method

  • Pricing – the systems that have both an automatic timer and a timesheet option will, naturally, cost a bit more than other, simpler options
  • Learning curve – again, an even more complicated system will take some time to implement. That is why you should make sure the settings of the platform are set up well before you start using it company-wide

Stats

 

Monitoring

Finally, we’ve come to monitoring platforms. These systems don’t allow any oversight. They are programs you install on your employees’ computers and let them do the time tracking from start to finish.

This means the apps register all user activity and inactivity. Some automatically assign the usefulness of the apps and web domains. Others, on the other hand, allow managers to determine which apps and websites are considered useful and which ones aren’t.

Then, the app generates reports on its own and delivers them to the management. Some even calculate any employee’s pay considering their computer usage.

Apps with these features can be a great asset, but there are some drawbacks as well. For example, if a person is in a meeting, they will have to either make a manual entry or add the said meeting to their calendar app.

Some monitoring apps offer the option of taking timed screenshots of user devices to make sure they’re working and not wasting time.

Monitoring apps often have a reminder option as well. If an employee leaves their device for a while, they will get a nudge to keep working.

Pros of The Method

  • Accuracy
  • Detailed insights
  • No human error

Cons of The Method

  • Privacy concerns – employees who will have their every move overlooked can rightfully be concerned for their privacy. Especially so if the monitoring options include keystroke tracking and screenshots
  • Precision issues – as we have mentioned, there are going to be some items your team members will have to enter manually, such as phone calls and meetings. This reduces the precision of the tracking significantly
  • Lack of details – even though time monitoring programs recognize the programs and web pages used, most of them cannot allocate the costs and time to specific projects and clients
  • Morale – a company that records each team member’s every move isn’t signaling trust. This can negatively impact the entire team’s morale and motivation.

To Conclude

There are many time tracking methods available. We have tried to present them all with their advantages and flaws. However, it is up to you to decide which one will be the best for your business. Here are some things you should consider before making a decision:

  • The size of your organization – having a hundred employees causes different priorities than having ten or ten thousand. There is also the issue of who will manage the time records and whether your managers have enough time for that or not.
  • Your industry – simply put, a library will have different needs than an accountancy business. For example, a librarian works for a single employer, but an accountant has many clients. Thus, the payroll is determined differently and requires different systems.
  • Your company culture – implementing sudden changes to a team is going to cause some stirring. Especially so if you are mandating an additional step to everybody’s daily routines.
  • Compliance – some labor laws require certain types of time tracking and reports. For example, DCAA compliance requires a timesheet as an additional document to payroll slips.

Additionally!

Inadequate time tracking methods can lead to some serious issues. This is another reason to pay close attention to the following indicators:

  • Are you starting to lose clients?
  • Is your team finishing projects within deadlines?
  • Is the motivation in the team dwindling?
  • Are your team members less effective than before?
  • Is there a feeling of overwork and burnout?

These could all be the results of bad time tracking practices. The reasons could relate to your own approach to the system. On the other hand, the system may not be compatible with your business or company culture.

There are many positive and negative effects time tracking can cause. So, consider your circumstances and find the best solution for you. Hopefully, we have helped you see the pros and cons of each method.

 

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Operating income vs. EBIT – what is the difference?

Operating income vs. EBIT – what is the difference?

August 31, 2022

Operating income and EBIT are profit categories that are very similar and they are commonly used as synonyms. However, there is a slight difference. Let’s see a typical income statement of a public company:

No


Category


Amount (USD)


1Sales10.000.000
2Costs of goods sold (COGS)6.000.000
3 = 1 – 2Gross profit4.000.000
4Operating expenses (OPEX)1.500.000
5 = 3 – 4Operating profit2.500.000
6Financial income (interest income)300.000
7Financial expenses (interest expenses)200.000
8Other non – operating income15.000
9Other non – operating expenses12.000
10 = 5 + 6 – 7 + 8 – 9Profit before tax2.603.000
11Corporate income tax260.300
12 = 10 – 11Net Profit2.342.700

 

Operating profit includes only revenue made from operations of the company’s business (primarily sales). Sales are subtracted by costs of goods sold (COGS) and operating expenses (OPEX):

operating profit

How would you calculate EBIT (Earnings before interest and tax)?

You will use the following formula:

EBIT

Both EBIT and Operating profit are used as measures of profit made in business operations. However, there is a slight difference, since EBIT includes interest income, other non–operating income, and other non–operating expenses. Therefore, in our example, operating profit is 2.500.000 USD, while EBIT is 2.803.000 USD.

 

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Gross income vs. Net income – basics for freelancers

Gross income vs. Net income – basics for freelancers

August 31, 2022

As a freelancer, you should look at your work as your own business and think like a business owner.

Therefore, you should have an understanding of the basic financial categories of your income.

The main categories are gross income and net income.

Gross income is your sales. It is the income you generate from working for your clients, as well as other income you generate (for example, capital gains and dividends from personal investments, rental income if you rent a property, etc.).

Most freelancers calculate net income as gross income minus taxes and social contributions charged by the state.

However, our advice is to think like a business owner. From your gross income, you should also subtract other necessary costs that you meet as a freelancer (rental costs, costs of accountant, marketing expenses, costs of hospitality services, costs of business travel, etc.). You should calculate the income you can take home after you pay all taxes, contributions and operating expenses.

You should track these expenses and in that way, you will be able to make better business decisions.

 

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Equity ownership vs. Profit Share – how to motivate your employees?

Equity ownership vs. Profit Share – how to motivate your employees?

August 31, 2022

When you started your business, it was probably a one-man job.

Your business became your life. Long hours, high pressure.

Luckily, all the effort started to pay off. Your business got larger. You started to employ people so you can reduce your workload. You either employed people for working stuff you are not good at, or you employed them for more routine and/or urgent activities, so you can concentrate on the most important stuff.

But how to make sure that employees do their work well? You need to work on incentives, especially financial ones.

One type of financial incentive is to tie their performance to the results of their work and the results of a company.

The first option is to offer them bonuses as a share of the company’s profit. You do not change your ownership share, but you share the profit with your employees, so they can get more interested in the wellbeing of your company.

The second option is to change the ownership structure of your company: offer your key employees to become your business partners and become co-owners. However, you need to be aware that it is not a company with one owner anymore. It is a partnership with different legal and economic rules.

 

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Gross profit vs. Net profit for SaaS businesses

Gross profit vs. Net profit for SaaS businesses

August 30, 2022

When you look at the income statement of most businesses, what is the first category of profit you will see? It is gross profit:

Gross profit can be calculated easily for manufacturing and distribution companies because you can easily identify the costs of each good sold. But what about SaaS businesses?

As a service company, you sell your working hours: working hours of yourself and your employees spent providing services to clients. You can also include costs of subcontractors (external consultants) if you engage them, spent on providing services to clients. You can calculate gross profit on the basis of the following formula:

Please note that you should include only those hours spent on a certain client (billable hours). You should avoid including costs of hours spent on administration tasks, marketing activities etc. Therefore, you need a time tracking solution which will help you identify the percentage of working time each employee spent working for a client. Then, if one employee spent 60% of his/her time working for a client, than 60% of his/her salary costs should be included in the calculation of gross profit.

Then we will define Net operating profit or just Operating profit. When you subtract other operating expenses (costs of salaries of people related to non–billable hours, rental costs, costs of depreciation and amortization, etc.) from gross profit, you come to this category:

This is the profit you make from your business operations. However, this is not a profit you can take home as a dividend. You should also subtract financial expenses and corporate income tax to get to Net profit.

 

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Productivity vs. efficiency – roadmap to success

Productivity vs. efficiency – roadmap to success

August 30, 2022

Productivity and efficiency are usually used as synonyms, but they are not. There is a slight difference.

Productivity is measured using this formula:

The goal of productivity is to maximize production in a given time. To maximize the results of your work for a given period of time. To produce as many goods as possible for a day, a week, a month. To write as much software code as possible for a given period, to write as many articles as possible, etc.

However, productivity is a raw measure. It does not take the quality of work into account. You may produce many goods, but they may be made poorly. That can lead to additional expenses down to the road and you may lose money. That is not efficient.

What is efficiency? Efficiency is about doing things the right way, i.e. producing the maximum level of output with the lowest level of resources (time, expenses, etc.). Productivity is about the amount of work done. Efficiency is about the quality of that work.

Only when you produce much work of high quality, you can expect success. That is true productivity, or as a formula:

 

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Efficiency vs. effectiveness: Why your business needs both?

Efficiency vs. effectiveness: Why your business needs both?

August 30, 2022

Efficiency and effectiveness are two sides of the same coin, of a successful business.

Efficiency is doing things the right way. In terms of business, it means that you operate with as low a level of resources as possible. You should be efficient in terms of expenses, time, investments, etc.

Effectiveness is doing the right thing. It means you have chosen the right business, the right industry, and the right market niche in which you can make a profit.

Why do you need to be efficient and effective at the same time?

Let’s try to define businesses that lack at least one of these two.

If a business is neither efficient nor effective, it will soon face bankruptcy. It is in the wrong industry (an unattractive one) and resources are not used properly. Therefore, the business is not profitable and cannot pay its liabilities.

If a business is effective, but not efficient, it means it has a good idea, but poor execution. An example is a start-up with a good product and technology but without a team of people who can execute the idea successfully.

Can business be efficient, but not effective? Remember Other people’s money with Danny DeVito (Larry the Liquidator)? You remember what he said about companies facing technology changes?:

 

‘’ New  technologies.  Obsolescence. We’re dead alright. We’re just not broke. And you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow but sure. You know, at one time there must’ve been dozens of companies making buggy whips.  And I’ll bet the last company around was the one that made the best goddamn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company? You invested in a business and this business is dead. ‘’

 

The business Larry the Liquidator is referring to is efficient, but not effective.

Therefore, you need to choose the right business and do it the right way.

 

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Allocative vs productive efficiency – what is the difference?

Allocative vs productive efficiency – what is the difference?

August 29, 2022

Allocative and productive efficiency will be explained on the basis of the graph below:

Allocative vs productive efficiency

Let’s assume we have a farmer who produces two types of food (X and Y) and consumes them. He does not trade with anybody, so basically he can consume only the goods he can produce.

How much he can produce? This is represented with red curves, which we call the Production possibilities curve.

 The production possibilities curve is a curve that shows all combinations of output that can be produced given the farmer’s resources and technologies. When a farmer gets better resources and technologies, he can move on the red curve on the right, i.e. he can produce more units of X and more units of Y simultaneously.

However, when he gets on the right red curve, he cannot increase the output of one good without decreasing the output of the second one.

The production possibilities curve explains productive efficiency. Each combination of output on the furthest curve on the graph (looked from left to right) is a combination of maximum productive efficiency.

Now let’s explain blue curves. They are called Indifference curves. These curves represent combinations of consumption that bring the same utility to our farmer. The farmer will prefer to go the furthest curve (looked from left to right), since on it are combinations of the maximum utility of consumption. The farmer’s goal to go to the furthest indifference curve represents allocative efficiency: goods are distributed in a manner that brings maximum utility to a farmer.

What is the best option for a farmer, considering both productive efficiency and allocative efficiency?

It is pointed A in which the furthest production possibilities curve and the furthest indifference curve meet each other. At that point, he produces as much as he can (productive efficiency) which is also the most attractive option from his perspective as a consumer (allocative efficiency).

 

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How to Become a Project Manager Without Prior Experience?

How to Become a Project Manager Without Prior Experience?

August 29, 2022

Introduction

Project managers are in short supply, and the demand for them has never been higher. It’s estimated that by 2022, there will be a shortage of over one million project managers in the United States alone.

But if you’re unsure where to begin when finding your next career step, worry not, we’ve got you covered. We know that every project manager has a unique background and set of experiences that have shaped them into the person they are today. And we also know that everyone has had to start somewhere, so there’s no reason why you shouldn’t follow this guide.

While there are no official requirements or certifications for becoming a project manager, you can do plenty of things before jumping into the industry full-time. We recommend exploring your options with an online PMP course that helps you prepare for the essential exam (PMP) in project management to accelerate your career. This can help train you to become a great project manager while also giving you valuable experience working side-by-side with other professionals.

What is the Job of a Project Manager?

A project manager is responsible for managing and coordinating the work of a project team, including all aspects of the work, such as planning, scheduling, budgeting, and monitoring. The role involves ensuring that all team members are motivated and working together toward common goals. The job also requires you to be able to communicate effectively with all members of your team for them to understand what’s expected of them during their work.

Project managers must have strong communication skills because they have to talk to many people daily. They also need to have good organizational and time management skills because they are essential for keeping projects on track. Without these qualities, it will be challenging to manage their workload effectively.

A person without experience can become a project manager by learning these skills through an online PMP course that teaches you the basics of project management. This course also teaches the advanced functions and tools required to nail your PMP exam and become certified in the field of project management.

How to Become a Project Manager Without Any Experience?

You’ll have to learn how to manage and lead projects as a project manager. These skills are also imparted in the online PMP course in-depth  which will help you grow in the aspects of project management. There are six steps involved in becoming a project manager without any experience:

  1. Learn the skills associated with project management.
  2. Get certified in the field of project management.
  3. Learn the tools related to project management.
  4. Get a bachelor’s degree.
  5. Build an exceptional resume.
  6. Apply for entry positions in project management.

We have discussed each of the six steps in detail and how they can help you become a qualified project manager.

1. Learn the Skills Associated with Project Management

The first skill that you’ll need to learn is communication. As a project manager, it’s crucial to communicate effectively with your team, clients, and other stakeholders. You need to know what information you can give them without giving away critical details about the project, and you need to know how much detail will help them understand your plan.

Another vital skill is leadership. As a project manager, you make sure that everyone on your team works together toward a common goal, and that means being able to inspire others to do their best work and be willing to take on challenges when they arise.

Finally, decision-making skills are essential for any successful project manager. You’ll need them when deciding which tasks should be completed first or how long specific tasks should take.

These foundational skills can all be learned through an online PMP course that helps you prepare for reputed certification programs like the Project Management Professional (PMP) certification from the International Association of Project Managers (IAPM). If you’re interested in learning more about what it takes to become an effective project manager, you should enroll in the online PMP course.

2. Get Certified in the Field of Project Management

If you’re in a position where you need to manage projects, getting certified in project management is essential.

Why? Because the online PMP course is one of the most sought-after certifications in the world. It’s even more essential for those working on a project-based job. The PMP certification is a globally recognized program that provides individuals with a thorough education on how to lead and manage projects. It includes leadership, communication skills, risk management, and more coursework. PMP is a challenging exam, and passing it requires excellent preparation. An online PMP course helps you prepare for the PMP exam efficiently to nail it in a go. The course teaches all the fundamentals needed for the PMP exam too.

3. Learning the Tools Associated with Project Management

Project management is a critical skill to have in the workplace. It allows you to effectively manage the flow of tasks and ensure they are completed on time and within budget. With this in mind, we will dive into three tools to help you manage your projects: Asana, SmartDraw, and Google Workspace.

Asana is a tool for project management used in the workplace. It allows you to track tasks and projects, communicate with team members, and keep track of deadlines.

SmartDraw is another tool for project management. It’s a simple drawing tool that allows you to draw out your vision for your project. Ideally, it will help you visualize precisely what you want the final product to look like.

Google Workspace is a tool that can be used in conjunction with Asana or SmartDraw. It allows you to create folders for different aspects of your project and make notes about them as they are completed.

4. Get a Bachelor’s Degree

Many hiring managers prefer to hire project managers with a bachelor’s degree, though it is not a requirement. By earning a bachelor’s degree, you can also have the same basic qualifications as other applicants, since current project managers usually have at least a bachelor’s degree. Take business, psychology, communication, and finance courses, and sign up for leadership opportunities to gain experience while in school.

5. Build an Exceptional Resume

Properly presenting yourself is one of the essential factors in choosing you as a project manager. You cannot demonstrate how you are better than other applicants through your resume. Data collected by recruiters indicate that it takes six seconds to evaluate a candidate’s viability, even though over 250 resumes are submitted daily for corporate-level positions. Your resume should be enhanced and give an excellent first impression, which is why providing a good first impression is crucial.

If you don’t have formal experience in project management, your resume should highlight your soft skills. Taking on new projects and excelling will demonstrate your enthusiasm. Every company seeks hardworking and dedicated employees. Additionally, you should mention your previous employment and volunteer experience, regardless of the field. If you don’t have experience in project management, you should follow these general tips:

  • Make sure you highlight your formal education and volunteer/internship experience.
  • To demonstrate your passion for project management, separate soft and hard skills sections.
  • If you are applying to a specific industry and have only a few keywords, use keywords related to project management.
  • Resumes should not exceed one page, with links to portfolios and work samples.
  • Ensure your resume is error-free by editing and formatting it.
  • Your cover letter should explain your career goals and willingness to learn.

You can demonstrate to employers that you have carefully considered project management as a career path if you have been working and achieving results.

6. Apply for Entry Positions in Project Management

If you’re interested in applying for entry-level jobs in project management, you’ll need to start by finding the job listing. You can search for “entry-level” or “entry-level project manager” on various job sites.

Next, you’ll want to research the company and its mission. It would help if you also looked at the company’s social media presence to understand its culture and values. When you’ve found an entry-level job that appeals to your qualifications and interests, take some time creating a resume and cover letter that highlights your skills and experience. You can also apply through an online application process if there is one available.

Conclusion

You’re responsible for managing projects from start to finish as a project manager. It’s a complex job that requires both technical expertise and interpersonal skills. You’ll need to work closely with different people, including your managers and clients, and you’ll have to keep track of multiple deadlines and tasks.

You can prepare for this role by taking an online PMP course on project management and preparing for a PMP exam. This course will teach you the ins and outs of managing projects, from communicating effectively with clients to prioritizing tasks. It will also teach you how to use tools like Microsoft Project, which is essential for any project manager.

FAQs

Q1. Can I become a project manager without experience?

Taking your training seriously is essential if you want to become a project manager without formal qualifications or experience. The IT, construction, and finance industries are prone to finding project managers without traditional degrees or experience.

Q2. Can an entry-level worker be a project manager?

A Bachelor’s degree in business is the minimum requirement for an entry-level project manager position. Although on-the-job training will help you develop your management skills. It is essential to have previous management experience, even at the entry-level.

Q3. What do project managers do all day?

Planning, procuring, executing, and completing a project are the responsibilities of a Project Manager. In addition to managing the project’s scope and team, the project manager is also responsible for assigning resources to the project.

 

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