If a project’s budget is nearly at its limit, you’ll be notified so you can make adjustments. It not only offers a plethora of project cost management solutions but also provides managers with a complete profile of employees’ online activity.įor example, Hubstaff lets you set budget limits based on time or cost. Hubstaff is a heavy-hitting cost management tool that really packs a punch. Project management tools (like Kanban or Gantt boards).These will help you make sure your team stays focused on their projects, so you’re not paying for wasted time.ĭepending on your preferences, you may also want to look for the following features: Reporting can help you see exactly where your budget is going and why―giving you the data you need to fix problems.Īnd in many cases, productivity monitoring and time tracking will come in handy.
Some businesses will need reporting and analysis tools. Others send you regular updates on your budget and expenses. Some software, for example, lets you set alerts when you get close to a project budget. You’ll also want a budgeting tool that lets you track the actual cost of a project.
Different software can estimate costs in a variety of ways, so you can find a method that works for you (like using data from prior projects to create a cost estimate). Most businesses will want some kind of cost estimation tool.
