We explain in this article how to track your indicators by project!
How to track my indicators ?
Manage your projects
👆 To track your indicators by project, everything you need is in the Projects menu.
Your project tracking view
The tracking table enables you to:
View allocated hours and time budget status,
Analyzing your project profitability
Gryzzly enables you to read the indicators that affect every project and gauge their success:
Budget (revenue) = the amount for which the project was sold.
Purchasing costs = the value of external expenses made on the project (freelance, materials, research, etc.).
Gross margin = the gross margin (revenue – purchasing costs) as a percentage of revenue.
Man-hour cost = number of man-hours spent on a project * hourly rate / person.
Net margin = the net margin (revenue – purchasing costs – cost of time spent) as a percentage of revenue.
Average cost = the average cost of each worker involved in the project.
Completion rate = the completion rate based on time actually spent on the project.
How is the cost of time spent on my projects calculated?
Man-hour costs = Time spent (each worker) * Hourly rate (each collaborator with their own hourly rate).
⚙️ You can define this hourly rate for every person in your team from the Management menu.
To summarize, the cost of the time spent on a project is calculated as follows:
(hourly rate of person 1 * time spent by person 1) + (hourly rate of person 2 * time spent by person 2) + etc.
This hourly cost will be used to calculate the net margin, meaning the total profit for every project; in other words, what your business earns ! 🤑