Time sheets assist in keeping a track of resources working on a project, the time spent and the cost associated. The ability to track time, for both internal and external resources is a wonderful tool in keeping on top of finances. There are many tools available to the project manager to assist in tracking costs. A time sheet is a physical or software-based tool used by businesses to give their employees a means to record the time they’ve spent on a task or project. When paying employees or bill contractors in units of time, a strict record of billable hours should be kept. Time sheets are therefore a critical requirement for many service industries.
Stakeholders can make or break projects, in order to ensure project success, effective stakeholder management is required. Identifying key stakeholders, dealing with difficult ones and creating a management plan can be overwhelming if you don't know where to start. Building positive relationships with stakeholders and proactively meeting their expectations can make the life of a project manager much, much easier.
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