For project managers estimating the final cost of a project can be a difficult and tedious task, and larger projects can easily spun out of control and go over budget
Laval, Quebec (PRWEB) June 27, 2016
Nutcache, the multi-awarded collaborative project management system that incorporates time-tracking and management of invoicing, payment, and expenses, introduces its latest version packed with new project management features.
The new features announced today further project managers’ ability to track and monitor the status of projects. “For project managers estimating the final cost of a project can be a difficult and tedious task, and larger projects can easily spun out of control and go over budget”, says Sebastien Boyer, Nutcache’s Director of products. “With these new additions to the system, Nutcache allows for closer monitoring of projects and surely helps project teams achieve success.”
Nutcache has added the following new features to improve its program:
Project budget tracking. Setting up a budget ensures the project manager a better understanding about how the human and financial resources are used throughout the project’s progress. A graphic indicator and several KPIs let you measure exactly how well the project is progressing within the defined budget.
Budget milestones & alerts. To make sure your project runs smoothly, efficiently, and profitably, Nutcache lets you set different milestones (in percentage) and alerts allowing you to be notified when potential cost overruns occur.
Project invoice methods. Because the billing method may vary from one client to another, Nutcache introduces new invoice methods best suited to different business realities when creating a project. The invoice methods available are project fixed-fee, project hourly rate, hourly rate by member and hourly rate by task.
Nutcache updates its features and will constantly add more relevant features as it consistently innovates for more improvements that prove itself worthy to be any team's preferred project management tool.
Nutcache is now a benchmark in the fully featured project management, collaborative workspace and time management arena. From its beginnings, Nutcache has strived to provide businesses from many different industries with all the control, communication and tracking tools required to ensure success in their day to day operations. Today, Nutcache pursues that path by developing an innovative and affordable online project management tool to help professionals and entrepreneurs achieve true business success.