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Wednesday, 19 May 2010

Tracking Research Time and Costs

Introduction

How to choose a robust timesheet management system for research teams.

Managing public sector budgets just got a lot more difficult. The continuing legacy of the global recession is about to enter a new phase of austerity and accountability. If research teams found it difficult to justify their work and findings before the recession, now they are beginning to find it much more challenging. The funding winners will be those who can demonstrate with greater clarity how they are prudently and productively spending public and private money.

Projects funded internally, within public organisations and those funded by external groups and agencies, perhaps with the European FP7, are increasingly required to illustrate efficiency and value for money. The era of spreadsheet timesheet reporting is surely over. Today, funding agencies demand a more dependable reporting system. In terms of funding applications, with all other things being equal, the winning bid will be the most trustworthy, the bid which is most cost transparent with clear objectives.

This white paper explores some of the issues faced by research managers and administrators, and identifies many of the substantial benefits of timesheet monitoring systems.

We believe that effective time monitoring within public and private sector organisations can lead to immense time and budgetary savings. The resources saved through greater efficiency and productivity analysis can be redeployed to amplify the success of a dynamic and focused organisation.


For full White Paper content email marketing@TimesheetXpress.com

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