Resource Tracking And Project Financials Setup Guide

You can leverage flexible Work Breakdown Structure (WBS) when budgeting the resource hours and associated cost, as well as a production plan based on units to install for production quantities. Flexible WBS allows your team to budget, track time and units installed in Timesheets, and report at the right level of granularity, for an enhanced real time labor productivity cost Budget View.

This guide shows you how to configure a real-time labor productivity budget view that integrates with Procore's Resource Tracking tools. This view provides the project's Budget tool with the ability to instantly leverage the timecard entry hours submitted by your project's field personnel in the Timecard, Timesheets, My Time (Android), and My Time (iOS) tools and update the project's budget view immediately after timecard hour entries are submitted.

For project managers, this eliminates the need to wait for timecard data to be manually input into a budget. This functionality is particularly useful for self-performing contractors who want to gain real-time insight into a project's actual labor costs, and can help to minimize the potential for labor overruns to occur on a project.