Projects could basically be about anything: from building a new house, to setting up a new marketing campaign or building a new website from scratch.
In Teamleader, a project could be the next step once a deal is accepted: the actions you take to live up to what you promised to do in your quotation, but it could also be an internal project.
A project grants you the option to easily add tasks and meetings while keeping an overview of the overall progress. The work breakdown widget on a project allows you to make clear estimates of the required work per project phase and allows you to keep your projects perfectly under control. Thanks to our project planning module, you can even spread the workload within just a few clicks.
On a project, you can also monitor the use of the allocated budget. 'Budget spent' on a project displays your client's budget and how much billable hours are spent. Budget management on projects is a way to keep track of the predetermined budget you and your customer have agreed upon. By allocating resources and estimating time on billable tasks & meetings, you'll know if you are going over budget.
Besides that, you can also visualize the profit you are making by giving an overview of the costs you've incurred in relation to the revenue of the project. Read more on profit the project module!
You will also be able to draw up detailed reports of each project.
To make things clearer, let's run through an example together in the next article (building a house).
Click here for the next part on projects: Getting started: How can you structure a project?