Time tracking is a fundamental part of good project management. It’s the process of monitoring the hours that workers spend on tasks related to a specific project, so you can make sure the project is completed in a timely and cost-effective manner. By tracking the time spent on each task, you can identify areas of potential improvement and increase efficiency by better understanding how long certain tasks are taking. Utilizing a time tracking system is essential for any project manager who wants to make sure their projects hit deadlines and stay within budget.