Project management triangle consists of three constraints, namely scope, cost, and time.
- Scope constraint deals with the requirements to the final product.
- Cost consists of various expenses associated with the project realization.
- Time constraint relates to project deadline and milestones.
Controlling the three constraints is an important part of PM. Tracking any changes on a daily basis is one of the main project manager's duties. Monitoring of scope, cost and time constraints becomes much easier when using special PM software. Time tracking is bound up with cost tracking, because cost usually depends on worktime spent.
Project management software is particularly useful for time expenses tracking. It helps to make a common schedule and individual to-do lists for every worker, keep an eye on the status of each job, turn the tasks over to other employees, send alerts of milestones to team members, co-ordinate teamwork, make, collect and analyze timesheets.
VIP Task Manager is a kind of project software for time tracking, task and team management, to-do-lists and timesheets making. It helps project manager to monitor scope, cost and time constraints.