Cost of Time

What is the value
of tracking time?

Harvard Business Review estimated the hidden costs of lost time for US alone at
$ 7,400,000,000
per year
Annual savings for software companies
$16,000 +
per team
Annual savings for consultancy companies
$16,000 +
per team
Average annual savings from time tracking, Toggl survey
$12,000 +
per team

So where is the problem?

Most humans can't estimate time accurate enough
Time spent on plausible/interesting tasks feels to run faster
Automatization of time measurement is essential
Time-tracking in real time is the king
Software tools are not human friendly
Time-tracking software is simply not natural to create a healthy habit. Users too often perceive it as a necessary evil
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