Budget - Projects

In Chronova, Projects are the central units for managing both time and financial resources. Unlike traditional task tracking, Chronova projects offer a comprehensive way to track labor, expenses, and overall financial health, all while seamlessly integrating with Jira’s task management system.

What Projects Represent in Chronova

Projects in Chronova provide a complete view of how time, expenses, and budgets align with team goals. Here’s how they expand on the project structure found in Jira:

Task and Resource Alignment

While Jira projects focus on managing tasks and issues, Chronova adds layers of time and financial tracking. Each Jira issue is tracked not only for task progress but also for how much time and budget it consumes, providing a complete picture of project health.

Budget Management

Chronova enables managers to set and monitor project budgets in real-time. Expenses and worklogs are directly tied to the project’s financial framework, allowing teams to stay on budget and track every financial transaction.

Time Tracking Integration

Chronova enhances Jira’s time tracking by linking logged hours to labor costs and the overall project budget. Managers can see how efficiently time is being used, ensuring that team efforts are aligned with financial goals.

Expense Tracking

In addition to time tracking, Chronova provides detailed expense management. Managers can log, approve, and monitor expenses, ensuring that all financial activities are tracked and controlled.

Comprehensive Reporting

Chronova extends Jira’s reporting capabilities by integrating time-based and financial data. Managers can generate detailed reports that combine expenses, labor costs, and time usage, offering a holistic view of project performance.

Custom Fields

Instead of using scopes, Chronova relies on custom fields to organize and track additional project details. These fields provide flexibility for tracking specific data points that are critical to the project's unique needs.

Creating a New Project

Chronova offers two types of projects: Time-Based and Monetary-Based.

• Time-Based Projects track hours worked and help managers oversee how time is being utilized across tasks.

• Monetary-Based Projects provide detailed tracking for budgets, expenses, and labor costs.

Based on the selected project type, the appropriate fields will appear in the project creation form. For Time-Based Projects, only essential time-related information is required. For Monetary-Based Projects, additional financial fields such as budget, currency, and default cost rates will be included.

Open

Monitoring Project Progress

Chronova’s Projects List provides an overview of all ongoing projects. Each entry in the list displays key information such as:

• Project Name

• Project Type

• Budget (for monetary projects)

• Progress Bar: Shows the amount of time or budget used.

The Progress Bar provides a simple visual representation of project usage, helping managers track project consumption without the need for complex calculations.

Open

To delve deeper into a project's details, clicking on any project in the list will lead you to the Project Dashboard. This dashboard offers a quick glance at the project's financials and overall progress. For a more comprehensive explanation of the dashboard's features, please refer to Budget - Dashboard Documentation.

Editing Projects

Projects in Chronova can be updated whenever necessary. Managers can modify project details such as the budget, timeline, or custom fields by selecting the Edit option from the project’s Dashboard.

(Place for image showing project editing options)

Project Deletion

When deleting a project in Chronova, a confirmation message is displayed to make users aware of the consequences. Deleting a project will result in:

• The permanent removal of all cost tracking data linked to the project.

• Any reports or analytics involving the project being impacted.