What is Project Cost vs Time Tracker?

The Project Cost vs Time Tracker is a tool that helps measure how efficiently a project is progressing by comparing the estimated time and budget with the actual hours worked and amount spent. It shows whether the project is staying on schedule and within budget, or if adjustments are needed to avoid overspending and delays.

How to use:

1.Enter Total Project Budget:Provide the complete budget allocated for the project.

2.Enter Estimated Total Hours:Input the total number of hours planned or estimated to complete the project.

3.Enter Hours Worked So Far:Add the number of hours already spent working on the project.

4.Enter Amount Spent So Far:Record the total amount of money used from the project budget up to the current stage.

5.Click “Track Project Progress”:The tool will calculate cost per hour, percentage of time used, percentage of budget spent, and your efficiency ratio.

6.Review the Progress Summary:Use the results to understand whether you are under budget, on track, or overspending.