New Software Simplifies Project Tracking

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Timeless Project Tracking reduces project administrative costs and lessens project failure rates

Denver, CO - November 17, 2009 - MAG Softwrx, Inc., a worldwide provider of time tracking solutions, announced the release of Timeless Project Tracking, a new project tracking application that makes it easy for organizations-small to large-to track their projects accurately, lessen their failure rate and reduce project administrative costs.

The release of Timeless Project Tracking comes at a time when organizations are recognizing the need for more project and portfolio management tools. In fact, according to IDC, "the project and portfolio management market grew at a healthy rate. Despite cuts in software spending, PPM applications will remain in demand to maximize profits and minimize risks, schedule resources to appropriate projects, and remove project redundancies."*

By tracking projects at a detailed level and giving users the ability to change estimates and status on the fly, Timeless Project Tracking enables project managers to receive up-to-date information and make more informed decisions. Because team members update their assignments, estimates and status directly in the software, Timeless Project Tracking reduces or eliminates the need for status meetings. The entered information is immediately available to project managers and team leaders, thereby saving organizations a large expense.

According to Mark Griebling, President of MAG Softwrx, Inc., "In today's business world, time is money. It is important to have a clear understanding of how projects are progressing, but traditionally, too much project time is spent acquiring this information. With Timeless Project Tracking, we wanted to address this issue, so organizations can track their projects more efficiently and accurately without wasting time or money."

Key features of Timeless Project Tracking include:

* An easy-to-use status pane provides organizations with up-to-date and accurate information at all times. The status pane includes a dashboard with a choice of more than 90 charts, including burndown charts with projections. It enables users to easily see the projects' risks, such as late and overdue assignments, estimate changes and items over budget. By seeing potential project risks, project managers and team leaders can take corrective measures before it's too late.

* Improved productivity for project managers and team members. Timeless Project Tracking allows each user to update their status directly in the software, so project managers, project leads and team members always know the projects' status without the need for meetings. Rather than wasting time chasing estimates, project managers and projects leads can be more effective at resolving issues, gathering requirements, talking to users and managing the project overall. Similarly, team members spend less time in status meetings and more time working on their assignments.

* Lower administrative costs because Timeless Project Tracking makes it easy to create and update assignments, permissions and reports using user groups. Similarly, expanded work item notes allow team members to communicate more effectively without the need for face-to-face meetings, and the progress and backlog reports reduce the amount of time needed to evaluate and track projects.

More Included Features

Timeless Project Tracking also includes all the features of MAG Softwrx's time tracking program-Timeless Time & Expense 3.0. These features allow users to track their time, tasks and expenses at a detailed level using a hierarchy of tasks and an intuitive, easy-to-use interface. This flexibility enables users to track their time and expenses at whatever level of detail is most appropriate for their business. By using such detailed time tracking, users accurately bill clients, track projects, and make better decisions regarding future projects.

Availability

Timeless Project Tracking is available for the desktop or web, so users can track time and expenses in the office or anywhere in the world. Employees in different locations can share data, reports and assignments.

Timeless Project Tracking is available online at http://www.magsoftwrx.com/project-tracking for $119 per license. Volume discounts are available.

MAG Softwrx, Inc. offers a risk-free, fully functional 30-day trial version of Timeless Project Tracking. Download it at http://www.magsoftwrx.com/project-tracking.

About MAG Softwrx, Inc.

MAG Softwrx, Inc., the maker of Timeless Project Tracking, is a Denver-based company founded in 1997. A worldwide provider of time tracking solutions, MAG Softwrx's products enable users to track their time, expenses and projects the way they do business. MAG Softwrx's products are used by customers in over 40 countries and include Timeless Time & Expense and Timeless Project Tracking. For more information, visit http://www.magsoftwrx.com.

For screenshots of Timeless Project Tracking, please visit http://www.magsoftwrx.com/screenshots.htm#project-....

* Source: IDC: "Worldwide Project and Portfolio Management (PPM) Applications 2009-2013 Forecast: PPM Remains a Profitability Engine in Recession," Doc # 219381, August 2009

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