Hello Orangescrummers! It is always exciting to add new features to your product. And more so when that feature is one that your customers desperately want – “Profitable Report”!
We have been very cognizant of our customers’ needs and what would be best for them.
Every time we come up with new updates, it’s always to make Orangescrum more convenient and bring more simplicity to your project. This time, we’ve got some major updates for you!
All the following updates are focused to make Orangescrum more convenient and bring more simplicity to your project.
What’s New?
- Profitable Report
- Advanced Custom Fields
- Week Number at Time Sheet
Project Profitable Report
We had recently released the Project Budget & Cost feature for our users. Users can add the project budget, Default Rate (Hourly Rate) at the time of creating the project.
And the project admins also can define the role-based cost for the company and role-based cost to clients.
And with the Profitability report, now the project admin can see the real-time cost status report that defines if the company getting profits or it overlapping the project budget.
To find this report you need to navigate to the All Report >> Time & Resource Report.
There are two reporting modules available on this Profitability Reporting Dashboard.
- Profit report for fixed budget project
- Profit report for hourly billing projects
By hovering on the graphical status bar, you can able to find the Budget Value, Billable Cost, and Profit Value respectively of the Project.
The Shown profit value is calculated by:
Total Budget Value – Billable Cost = Profit Value
By Scrolling down from the visual graph view, you can see Project wise profit value in a list view.
This report provides Project Name, Fixed Budget Value, Cost to Client Value, Cost to company Value, Net Profit, and Profit Margin in %.
For fixed budget projects, the profit value is calculated by:
Total Budget Value – Cost to Company = Profit Value
For hourly billing projects, the profit value is calculated by:
Cost to Client – Cost to Company = Profit Value
This profitable report will help Project Administrators and Managers to know the project’s profit margin in a single glance.
Advanced Custom Fields
As with Project Profitable Report, this is the Update version 2.0 for Custom Fields.
A user must have to enable the Advanced Custom Fields at Project Setting >> Custom Fields.
This time the fields are predefined and you just need to select the fields name as per your requirement.
After enabling the Advanced Custom Fields option, users can be able to fields values as per each task.
Read more on Product Update: Profitable Report, Advance Custom Fields
Agility tests companies to build themselves up.
And to have the right team dynamics and bonding project managers to prioritize team success instead of individual results.
It takes the project managers to keep up with the day-to-day pressures and to complete the time allotted together with the facilitated tools.
Agile project management is a very involved process.
While it is designed to improve project management in numerous ways — and by most accounts does just that — it still involves large teams, a variety of tasks, and a degree of flexibility that other methods don’t account for.
If you’re not familiar with the ins and outs, our comprehensive guide to agile can serve as a nice introduction.But basically, it’s a project management process designed to foster collaboration with stakeholders, on-the-go adjustments, and rapid prototype delivery, all in the name of achieving a perfected final product.Generally speaking, agile project management is viewed as a very effective modern method.
Read the full article at Orangescrum Blog
It is a type of project management process which is mainly used for software development.
Reduced risks - the agile methodologies virtually eliminate the chances of absolute project failure.
They can be implemented at a very little cost because of the frequency of new increments that are produced.
Increased project control- It sprint meetings, it has transparency and is used to see the visibility of each step of the project for both parties.
Faster ROI- Agile development is iterative means that the features are delivered incrementally, and therefore the benefits are realized early while the product is in the development process.Why agile should be your next career move?
The agile management training will help you implement the agile practices proper for your teams.
