In Timeneye it's possible to set up an hourly budget for a project. The option is available in the Create new project dialog, in the Budget field:
Enter the hourly budget for your projects, and then save.
If you work with retainer contracts, you may need to allocate a fixed amount of hours to your clients periodically.
In the Budget recurrence field, you can set the budget to reset weekly, monthly:
- If you select None, the budget will never reset it will be just a one-time, total budget for the whole project
- If you select Weekly, the budget will reset on a day of the week of your choice, on a weekly basis
- If you select Monthly, the budget will reset on a date of the month of your choice.
Project Managers will receive a notification when a recurring budget reaches 80%, or exceeds its planned hours.
In the Projects section of the account, you can see a bar with the progression of your budget as team members track time:
Hourly Budgets for Phases and Users
Within the total budget of a project, it's possible to set specific budgets to Phases or even Users.
You can set up these budgets while editing your project.
In the Phase tab, you can set up the hourly budget for each of your phases. If the budgets you set up for your phases exceed the total you've set for the project, the system will notify you before saving. If you decide to save anyway, the total budget will be updated accordingly:
Similarly, in the Members tab, you can set up the hourly budget for the team members who are part of the project. If the budgets you set up for your team members exceed the total you've set for the project, the system will notify you before saving. If you decide to save anyway, the total budget will be updated accordingly.
You'll be able to keep track of your team members and phases budgets in the Project Status view: