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Harvest
Hourly Budget
Hourly Budget is a metric in Harvest that tracks the amount of time and money spent on a project per hour, allowing you to stay within your budget and make informed decisions.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "Hourly Budget"?
The Hourly Budget metric in Harvest is a tool used to track the amount of time a project is being worked on within a set budget. It allows businesses to monitor their project's progress in real-time and ensure they are staying on track with their budgeted hours. This data can then be used to make adjustments and optimize project efficiency. The Hourly Budget metric is especially useful for businesses that bill clients based on hours worked or for those with limited resources working within a tight budget.
Example: An agency uses Hourly Budget metric to track and manage their team's billable hours and budgets on an hourly basis.
Visualizations
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Number
Used to show a simple Metric or to draw attention to one key number.
How to track Hourly Budget in Databox?
Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.
To track Hourly Budget using Databox, follow these steps:
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1Connect Harvest that contains the metric you want to track
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2Select the metric you want to track from the list of available metrics
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3Drag and drop the selected metric onto your dashboard
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4Watch your dashboard populate in seconds
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5Put Hourly Budget on the Performance screen
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6Get Hourly Budget performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of Hourly Budget
GoalsSet Goals to track and improve your performance
ScorecardsGet your daily progress every morning with Scorecards
Metric DigestReceive detailed weekly performance updates
Metric BuilderBuilt your own custom metrics with Metric Builder
Data CalculationsSet Goals to track and improve your performance
Performance ScreenGet instant insights into your top-performing metrics
General
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DescriptionHourly Budget is a metric in Harvest that tracks the amount of time and money spent on a project per hour, allowing you to stay within your budget and make informed decisions.
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CategoryProject Management
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SubcategoryBudget
Specification
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Metric Typecurrent
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DimensionalNo
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Decimal DigitsNo
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Currency UnitsYes
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GranularitiesDaily, weekly, monthly, yearly, quarterly and all-time.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from now to now.
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Retroactive Data UpdatesNewly synced data is merged with existing data, replacing values for matching periods.
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Future Data AvailableNo
Visualization
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Default FormatPrefixCurrency
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Cumulative GraphYes
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Favorable Trendincreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksYes
Related Metrics
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Harvest
Billable Hours by Team
The Billable Hours by Team metric is a report that shows how much time each team member has spent on billable tasks, helping managers to monitor productivity and project profitability.
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Harvest
Non-Billable Hours
Non-Billable Hours is a measure of time spent on tasks that cannot be billed to clients, such as internal meetings, training, and administrative work.
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Harvest
Non-Billable Hours by Clients
Non-billable hours by clients is a metric that measures the amount of time spent on client work that cannot be billed, typically due to contractual terms or scope creep.
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Harvest
Billable Amount
The Billable Amount metric tracks the total amount of money earned from billable hours or project tasks completed by team members. It helps gauge the revenue generated by the team and informs billing and invoicing processes.
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Harvest
Expenses
Expenses metric measures how much money a business spends on various costs and expenses such as salaries, rent, utilities, materials, marketing, etc. during a specific period.
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Harvest
Hourly Budget by Clients
The Hourly Budget by Clients metric tracks the amount of billable hours budgeted by each client per hour to ensure projects are staying within estimated costs and to adjust client expectations if necessary.
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Harvest
Active Projects
The Active Projects metric shows the number of ongoing projects, allowing businesses to monitor workload and resource allocation effectively.
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Harvest
Projects
The Projects metric provides an overview of all projects within the organization, allowing managers to evaluate project volume and allocation.
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