| What | High-level dashboard
highlighting
key utilization, cost, revenue,
and
profit insights. |
| Why |
|
| Who |
|
| When | Review financial
insights monthly or
quarterly to
assess financial performance
and identify
trends. |
| What | High-level dashboard
highlighting
key utilization, cost, revenue,
and
profit insights. |
| Why |
|
| Who |
|
| When | Review the financial insights monthly or quarterly to
assess financial performance
and identify
trends. |
View the
financial insights report
- Select Reports in Teamwork.com's main navigation menu. If it's not pinned, you'll find Reports hidden under the ...More option.
- Scroll to the Teamwork
reports section.
- Select Financial & utilization insights. Alternatively,
use the search field to
locate the
report.
The insights report provides a dashboard view with a series of widgets displaying utilization, profitability, cost, and revenue. We discuss each widgets in the next sections on this page.
Past utilization
by user
What
it
does
Compares
users' planned
vs. billable utilization over a past
period (months or custom).
Value
Identify
discrepancies and inefficiencies in planning and adjust accordingly, ultimately ensuring project profitability. Gain insight into under-utilized or overburdened team members, helping balance workloads and optimize overall productivity.
Data
- Total
planned (estimated time)
hours for each employee over the
selected (previous) period.
- Total billable hours logged for each employee over the selected (previous) period.
Calculations
- Planned (estimated)
utilization: total
planned hours / total available
hours
- Billable
utilisation: total
billable hours logged / total
available hours
Forecasted
utilization by user
What
it
does
Compares users'
total vs. billable
utilization
for
a future period (months or
custom).
Value
Facilitate better
resource allocation and strategic
planning.
Data
- Projected total available hours
for each employee over the
selected (future) period.
- Projected billable hours for each
employee over the selected
(future) period.
Calculations
- Total utilization: estimated total hours per
user.
- Billable
utilization: Looks at
the project's and individual task
lists' billable default
settings.
- Project (or task list) is
billable by default — feeds
into planned & billable
figures.
- Project (or task list) is
non-billable by default —
feeds into planned
figures.
Past
profitability for all
clients
What
it
does
Compares projects'
profitability based on
budgets,
cost rates, and tracked
time, allowing you to track revenue generated vs. costs incurred.
Value
Understand your
business' financial performance
and
identify areas for cost
optimization
and revenue enhancements. Identify cost and revenue trends, facilitating better financial forecasting and planning.
Data
- Revenue
generated each month of
the selected (past) period.
- Total
costs incurred each month of
the selected (past) period.
Calculations
- Revenue (depends on
budget type):
- Time & materials:
billable time * billable
rates
- Fixed fee budget: fixed
fee amount
- Retainer: retainer
fee
- Cost: (logged time *
cost rate) + expenses logged
- Profitability: revenue
– cost
Forecasted revenue &
profitability for all
clients
What
it
does
Compares projects'
forecasted revenue and
profitability for the selected
(future) period.
Value
Make informed
strategic
decisions to enhance financial
performance and allocate resources
effectively.
Data
- Projected revenue for each month
of the selected (future)
period.
- Projected costs for each month of
the selected (future)
period.
Calculations
- Revenue (depends on
budget type):
- Time & materials:
estimated billable time *
billable rates
- Fixed fee budget: fixed
fee amount
- Retainer: retainer
fee
- Cost: (estimated
billable time * cost rate) +
expenses logged in advance
- Profitability: revenue
– cost
- Forecasted cost on tasks: billable tasks with estimated
time * users' assigned cost
rate
- Forecast profitability: revenue – forecast cost on
tasks
Top
10 projects over
budget
What
it
does
Identifies the top
10 projects that most exceeded
their budget (in terms of
revenue)
over the selected period.
Value
Better visibility into biggest project overruns, empowering managers to improve project delivery, ensure profitability, and improve cost control to prevent future overspending.
Data
- Budget
for each project.
- Actual
cost incurred for each
project.
- Revenue
generated for each
project.
Calculations
- Over budget: actual cost –
budgeted cost
Forecasted cost vs.
revenue
for all clients
What
it
does
Compares
projects' forecasted costs and revenue for the
selected (future)
period.
Value
Make informed
strategic
decisions to enhance financial
performance and allocate resources
effectively. Understand profit opportunities and issues ahead of time and make any adjustments accordingly.
Data
- Projected revenue for each month
of the selected (future)
period.
- Projected costs for each month of
the selected (future)
period.
Calculations
- Revenue (depends on
budget type):
- Time & materials:
estimated billable time *
billable rates
- Fixed fee budget: fixed
fee amount
- Retainer: retainer
fee
- Cost: (estimated
logged time * cost rate) +
expenses logged in advance
Navigate
and filter
View
insights
Hover
over a graph point or bar
in a widget for exact data
insights.
Navigate
For utilization
widgets, use the arrows (
) to
navigate between pages of results.
) to
navigate between pages of results.Show/hide
data
Click the data
keys at the bottom of a widget
(ex. "Billable" or "Revenue) to
show / hide that data point from
that
widget.
Filter
Each
individual widget can
be drilled down to
different periods (last/next
month, three months, six
months, custom — options vary
for
each
widget).
1.
Also
available
on
legacy
subscriptions:
Enterprise.