We were excited to kick off the summer with the release of our new Fixed Fee feature. But one problem’s been bugging us all summer long. After you set up your fixed fee project, how do you know if it’s on track, or if you charged enough?
Answering those questions isn’t easy. Your fixed fee project might be wildly profitable or leaking thousands of dollars. Maybe your team’s working too much (and potentially out of scope), or working too little (and in danger of missing milestones). There simply isn’t a straightforward way to know this info in Harvest.
Today that’s changing! We just released budgets for fixed fee projects, so you can keep things on track.
Now if you create or edit any fixed fee project, you’ll see two ways to budget: in fees or in hours. And depending on which budget method you choose, Harvest will surface different kinds of useful info.