Tempo Ideas

Description:

Currently, Tempo Financial Manager requires projects to be configured as either:

• Monetary-based projects (budgets, costs, and revenue calculated from hourly rates)
• Time-based projects (labor hours only)

Organizations that require both perspectives are forced to create two separate projects representing the same initiative, one monetary and one time-based.

In practice, these duplicate projects share:

• The same scope
• The same team members
• The same timeline
• The same workstreams

The only difference is the financial model used by Tempo. This duplication creates operational overhead, especially for organizations managing large volumes of projects, and introduces risks of reporting inconsistencies.

Proposed Enhancement:

Allow a project to support both financial and time metrics simultaneously, for example through:

• A hybrid project type
• Enabling financial modules within time-based projects
• Allowing financial views to be layered on top of effort tracking

Possible implementation options:

• Toggle between "Time View" and "Financial View" within the same project
• Allow monetary calculations to be derived from tracked time when required
• Provide separate dashboards within the same project for PM and Sales stakeholders

Business Value:

This would eliminate the need to duplicate projects while enabling different stakeholders to consume the data in the format most relevant to them.

• Project Managers could continue working with effort-based metrics
• Sales and Finance teams could analyze cost, revenue, and margins
• Governance would remain centralized within a single project entity