Time Tracking Software - Standard Time
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ROI Consultanting - Standard Time

ROI - Consulting

Return on Investment
Calculations based on $100 single user license.

Item (per user) Time Spent Cost Savings
Time writing status reports 2 hr/mo. $200
Updating project schedules 2 hr/mo. $200
Total 4 hours/mo. $400, $4800/yr.

Intangibles

Item Time Spent Cost Savings
Help foresee project pitfall An entire month? $50,000?
Nagging for timesheets and status Hours $1000?
Forgotten status items Hours $1000?
Assembling status information Hours $500?
Other benefits not listed    

Result: Standard Time pays for itself in about a week, but has mostly intangible benefits which are difficult to put a price on.

Don't underestimate the time and aggravation spent assembling status.  Standard Time can do it in a few clicks.  That's really a welcomed relief!

 

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