{"id":6468,"date":"2020-11-19T15:48:58","date_gmt":"2020-11-19T13:48:58","guid":{"rendered":"https:\/\/teamdeck.io\/?p=6468"},"modified":"2022-09-05T19:59:45","modified_gmt":"2022-09-05T17:59:45","slug":"folg-projektets-rentabilitet-med-teamdeck","status":"publish","type":"post","link":"https:\/\/teamdeck.io\/da\/vaerktojskasse\/folg-projektets-rentabilitet-med-teamdeck\/","title":{"rendered":"F\u00f8lg projektets l\u00f8nsomhed med Teamdeck"},"content":{"rendered":"<p><strong>Keeping track of projects\u2019 profitability is essential for agencies, software companies, or consultancies of any kind. When you work with multiple clients on delivering multiple projects, you simply have to make sure that your efforts generate profits. On top of that, analyzing the profitability of your projects will help you improve your pricing strategy and future cash flows. It may turn out, for example, that you\u2019re charging too little or putting in too many unbillable hours.\u00a0<\/strong><\/p>\n<p><strong>What will you learn from this article:<\/strong><\/p>\n<ul>\n<li>Helpful role of the <a href=\"https:\/\/teamdeck.io\/\" target=\"_blank\" rel=\"noopener\">resource planning software<\/a> for profitability analysis<\/li>\n<li>What determines project profitability<\/li>\n<li>How to measure project profitability<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The thing is, you also want to track the profitability as the project happens, not after it\u2019s wrapped up. Why? Because the sooner you spot improvement areas, e.g., that your employees spend a lot of unbillable time on client meetings, you can address these issues.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Do you need specialized accounting tools to monitor your project profits? Not necessarily. In this blog post, we\u2019ll show you how a resource scheduling and <a href=\"https:\/\/teamdeck.io\/toolbox\/how-to-pick-employee-time-tracking-software\/\" target=\"_blank\" rel=\"noopener\">employee time tracking software<\/a>, <\/span><span style=\"font-weight: 400;\">Teamdeck<\/span><span style=\"font-weight: 400;\">, can be a handy tool to keep an eye on the project\u2019s costs and profits.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Before you start building your project profitability report, you need to <\/span><span style=\"font-weight: 400;\">sign up to Teamdeck<\/span><span style=\"font-weight: 400;\"> (you can try it out for free for 7 days, no credit card required). You\u2019ll be in a great company: over 3500 customers from interactive agencies, software companies, and startups <\/span><span style=\"font-weight: 400;\">use Teamdeck<\/span><span style=\"font-weight: 400;\"> to plan and manage their teams\u2019 work every day.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Now, let\u2019s get to your project profitability report. We\u2019ll cover two typical types of project budgets: fixed price and time &amp; material.\u00a0<\/span><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/media.giphy.com\/media\/LScY2HbrHCICWKrUbO\/giphy.gif\" alt=\"Profit expectation and financial data become of small family of strategic decision making indicators\" width=\"326\" height=\"326\" \/><\/p>\n<h2 style=\"text-align: justify;\"><strong>Fixed price: track the costs of your project to evaluate project profitability<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When you operate on a fixed budget, all you have to do is track your project\u2019s costs and subtract them from the overall price. Tracking expenses like software licenses or travel costs are usually relatively straightforward, as the accounting department controls them. However, the bulk of your project\u2019s cost lies in your team\u2019s labor. How to keep track of these costs?<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The easiest way to do it is to <\/span><span style=\"font-weight: 400;\">embrace time tracking at your company<\/span><span style=\"font-weight: 400;\">. It has many <\/span><span style=\"font-weight: 400;\">benefits<\/span><span style=\"font-weight: 400;\">, one of which is the fact that you monitor project expenses accurately. Of course, for your timesheets to be reliable, your team should track their time regularly, ideally in real time. Robust time tracking tools like Teamdeck offer convenient <\/span><a href=\"https:\/\/teamdeck.io\/features\/timesheets-time-tracking\/\"><span style=\"font-weight: 400;\">team time trackers<\/span><\/a><span style=\"font-weight: 400;\"> for web and <\/span><span style=\"font-weight: 400;\">mobile<\/span><span style=\"font-weight: 400;\"> devices.\u00a0\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/media.giphy.com\/media\/26gBju7Mg4WjQCkTK\/giphy.gif\" alt=\"Financial health depends on financial data and profit margins\" width=\"480\" height=\"366\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When your teams track their time spent on different projects, you can easily create a <\/span><a href=\"https:\/\/teamdeck.io\/toolbox\/project-cost-tracking\/\"><span style=\"font-weight: 400;\">project cost report<\/span><\/a><span style=\"font-weight: 400;\"> in Teamdeck:\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">1. Go to the reporting suite in the upper menu bar and click on the \u201ccreate new\u201d plus icon. Pick the \u201ccreate custom\u201d option, as we want to create a report from scratch without using a template.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">2. Add a new table. By default, it will show all of your company\u2019s projects together with data about timesheets, bookings, and vacations. In order to track the costs of your team\u2019s labor, you only need the timesheets, so you can remove the other columns. Your table should look like this (only with your projects listed in the left column):<\/span><\/p>\n<p>[\/vc_column_text]\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"483\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123347\/project-profitability1-960x483.png\" class=\"vc_single_image-img attachment-large\" alt=\"Project report as starting point for project profitability\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123347\/project-profitability1-960x483.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123347\/project-profitability1-300x151.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123347\/project-profitability1-768x387.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Project report.<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">3. Since you want to only track the costs of one project, you can filter the others out. Click on \u201cFilters\u201d, then add a new one that\u2019s supposed to filter information by projects\u2019 names. Enter the name of the project you want to analyze and click \u201capply\u201d.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"380\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123351\/project-profitability2-960x380.png\" class=\"vc_single_image-img attachment-large\" alt=\"Starting a first project or a new project with Teamdeck\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123351\/project-profitability2-960x380.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123351\/project-profitability2-300x119.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123351\/project-profitability2-768x304.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Customize your project profitability report.<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">4. The next step is to calculate the costs generated by each employee working on this project. You can see their timesheets when you click on the little arrow in the table, next to the project\u2019s name:<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"402\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123359\/project-profitability3-960x402.png\" class=\"vc_single_image-img attachment-large\" alt=\"Employee costs calculation helps with future projects cost estimation&gt;\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123359\/project-profitability3-960x402.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123359\/project-profitability3-300x126.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123359\/project-profitability3-768x322.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Calculate employee costs.<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">5. We\u2019re going to assume that each of them has a different hourly rate. Let\u2019s add a new column where we can enter that value. Go to metrics -&gt; Add custom -&gt; Add custom values column. Then enter the name of your new column (say: \u201cInternal hourly rate\u201d) and pick the currency data type. You\u2019ll see a new column appearing in your table with empty cells. <\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"414\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123404\/project-profitability4-960x414.png\" class=\"vc_single_image-img attachment-large\" alt=\"Profitability analysis includes labor costs and profit margin\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123404\/project-profitability4-960x414.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123404\/project-profitability4-300x129.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123404\/project-profitability4-768x331.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">6. A custom values column works like a spreadsheet\u2019s column. You can click on a cell and manually add a number there. Let\u2019s fill this column with your team\u2019s rates. You can leave the first row empty as we don\u2019t have a standard hourly rate for the whole team.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"412\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123409\/project-profitability5-960x412.png\" class=\"vc_single_image-img attachment-large\" alt=\"Employee time spent for different projects to get better insight into project budget\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123409\/project-profitability5-960x412.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123409\/project-profitability5-300x129.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123409\/project-profitability5-768x330.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">7. Now, let\u2019s add a column that will calculate the costs generated by each employee working on this project. Add a new column but this time, instead of picking a \u201ccustom values column\u201d, you\u2019ll select \u201cadd custom calculation field\u201d, because we need to do some math here.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Name your column (e.g., \u201cCosts\u201d), pick a currency data type, and enter the formula:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">(Timesheets: Time \/ 60) * Custom values: Internal hourly rate<\/span><\/i><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">As you start typing your columns\u2019 names, Teamdeck will suggest the right field to put into the formula. Remember about dividing the timesheets by 60 if you want to operate on hours\u2014time is stored in our system as minutes.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There you have it\u2014a new column with costs assigned to every employee.<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"415\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123419\/project-profitability6-960x415.png\" class=\"vc_single_image-img attachment-large\" alt=\"Total cost generated by sum of the each employee\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123419\/project-profitability6-960x415.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123419\/project-profitability6-300x130.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123419\/project-profitability6-768x332.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Calculate costs generated by each employee.<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">8. The last thing we want to do is to sum all of the individual costs values in the \u201cTotal\u201d row. Click on it and enter the following formula:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #1ac604;\"><em><span style=\"font-weight: 400;\">= sum(nested(Group: People, Custom formulas: Costs))<\/span><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Again, as you type the values, Teamdeck will suggest matching column names. <\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"407\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123431\/project-profitability7-960x407.png\" class=\"vc_single_image-img attachment-large\" alt=\"Labor cost as a slice of the project profitability\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123431\/project-profitability7-960x407.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123431\/project-profitability7-300x127.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123431\/project-profitability7-768x325.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Project profitability report for fixed-budget projects.<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">That\u2019s it! You have your accurate project costs report, which you can compare with your fixed budget to see the project\u2019s profitability.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Would you be able to create such a table in your Excel spreadsheet? Yes, but it would require regular updates as people keep tracking their time. <\/span><b>With Teamdeck, you always get accurate timesheet data so you can track the costs almost in real-time.<\/b><span style=\"font-weight: 400;\"> It\u2019s just much more convenient and quicker than maintaining a spreadsheet-based report.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/media.giphy.com\/media\/67ThRZlYBvibtdF9JH\/giphy.gif\" alt=\"Present value is established by business decisions and operating expenses\" width=\"480\" height=\"360\" \/><\/p>\n<h2 style=\"text-align: justify;\"><strong>Time &amp; Materials: monitor your project\u2019s profitability and current profits<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When you charge your clients based on a time &amp; materials model, you\u2019re likely already tracking your team\u2019s time. It\u2019s essential to have precise timesheet data in order to invoice clients accurately. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">With Teamdeck, your team members can track their time easily, and you are able to monitor your project\u2019s profits with great accuracy. As soon as someone enters a new time entry in their timesheet, your project profitability report will have up-to-date information.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Creating a report that calculates your project\u2019s profits requires you to repeat steps 1 to 6 from the fixed price report described in the first part of this blog post.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">By this point, you have a table showing your team\u2019s timesheets and their internal hourly rates (i.e., the money you pay them for each hour of work). Now it\u2019s time to add a column for their external hourly rates (i.e., the money you charge your client for an hour of a given employee\u2019s work). You can do it by adding a new custom values column and typing values into cells.\u00a0<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"404\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123445\/project-profitability8-960x404.png\" class=\"vc_single_image-img attachment-large\" alt=\"Time tracking and timesheets in project management process\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123445\/project-profitability8-960x404.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123445\/project-profitability8-300x126.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123445\/project-profitability8-768x323.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Build a project report for calculating profitability<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Your company\u2019s profit is the difference between the external rate and the internal one. Let\u2019s create a column that calculates the profit and multiply it by the hours your employees worked on this project. Add a new \u201ccustom calculation field\u201d. Name it (e.g., \u201cProfits\u201d), pick the currency type, and enter the following formula:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #1ac604;\"><em><span style=\"font-weight: 400;\">(Custom values: external hourly rate &#8211; Custom values: internal hourly rate) * (Timesheets:Time\/60)<\/span><\/em><\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"411\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123451\/project-profitability9-960x411.png\" class=\"vc_single_image-img attachment-large\" alt=\"Financial profits based on clear report\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123451\/project-profitability9-960x411.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123451\/project-profitability9-300x128.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123451\/project-profitability9-768x329.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Calculate project profits based on employee timesheets<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"font-weight: 400;\">The final thing to do is to sum your employee\u2019s profits in the total row. Click on it and enter:<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"836\" height=\"90\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123459\/project-profitability11.png\" class=\"vc_single_image-img attachment-large\" alt=\"Profitability correlated with employee&#039;s profits\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123459\/project-profitability11.png 836w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123459\/project-profitability11-300x32.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123459\/project-profitability11-768x83.png 768w\" sizes=\"auto, (max-width: 836px) 100vw, 836px\" \/><\/div>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"font-weight: 400;\">Your final table should look like this:<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div  class=\"wpb_single_image wpb_content_element vc_align_center\">\n\t\t\n\t\t<figure class=\"wpb_wrapper vc_figure\">\n\t\t\t<div class=\"vc_single_image-wrapper   vc_box_border_grey\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"402\" src=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123455\/project-profitability10-960x402.png\" class=\"vc_single_image-img attachment-large\" alt=\"Financial profit in project management in professional services organizations\" srcset=\"https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123455\/project-profitability10-960x402.png 960w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123455\/project-profitability10-300x126.png 300w, https:\/\/cdn.teamdeck.io\/uploads\/website\/2020\/11\/17123455\/project-profitability10-768x322.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/div><figcaption class=\"vc_figure-caption\">Project profitability report for time&amp;materials projects<\/figcaption>\n\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Of course, you can <\/span><a href=\"https:\/\/teamdeck.user.com\/knowledge-base\/use-functions-to-create-custom-calculations\/\"><span style=\"font-weight: 400;\">further customize<\/span><\/a><span style=\"font-weight: 400;\"> it by filtering information or adding new columns. Teamdeck\u2019s reports are very powerful, so you should be able to tailor them to your organization\u2019s needs.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Would you like to chat about adding Teamdeck to your company\u2019s project management stack? <\/span><a href=\"https:\/\/calendly.com\/adanielak\/teamdeck-demo\"><span style=\"font-weight: 400;\">Schedule a call with Aniela<\/span><\/a><span style=\"font-weight: 400;\">, our customer success expert. She\u2019ll walk you through the app and help you set it up for your team.\u00a0<\/span><\/p>\n<h2 class=\"ql-align-center\" style=\"text-align: center;\"><strong>Looking for project profitability software?<\/strong><\/h2>\n","protected":false},"excerpt":{"rendered":"At holde styr p\u00e5 projekternes rentabilitet er afg\u00f8rende for bureauer, softwarevirksomheder eller konsulenthuse af enhver art. N\u00e5r du arbejder med flere kunder om at levere flere projekter, er du simpelthen n\u00f8dt til at sikre dig, at din indsats genererer overskud....","protected":false},"author":6,"featured_media":8414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,30],"tags":[],"class_list":["post-6468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-teamdeck","category-toolbox"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tracking Project Profitability | Teamdeck.io<\/title>\n<meta name=\"description\" content=\"As an agency or a software house, you have to pay attention to the project profitability. 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