Cost Management

In TeamBoard TimePlanner, Cost Management is about controlling project finances by setting billing rates, planning costs at task/resource levels, tracking billable hours, and generating detailed cost reports, all integrated within Jira to prevent overruns and boost profitability.

Step-by-Step Guide to Managing Costs in TeamBoard

• Step 1: Set Up Billing Rates & Costs

Configure billing rates and cost rates for teams, roles, or individual resources to ensure accurate cost calculations across projects.

• Step 2: Plan Billable Hours on the Schedule Board

Assign work, estimate billable hours, and allocate resources on the Schedule Board so your project plans reflect accurate financial expectations.

• Step 3: Track Cost Reports

Review cost and revenue data through TimePlanner’s reports to monitor billable hours, actual vs. planned costs, and profitability trends.