Wethod Review

Reliable Project Planning

Wethod enables you to plan projects efficiently. You can make financial projections for your projects with ease. For example, you can estimate projects’ prices, budgets, revenues, and general, administrative, payroll, and marketing costs. You’ll do this without making manual calculations.

You can also plan the amount of work and time your team needs in order to complete the projects. The software lets you assign team members and tasks based on time period, activity type, or employee background, skills, or interests. 

Wethod has a CRM system that lets you track prospects with a higher chance of converting. You’ll find out their specific needs, goals, and interests and plan possible projects or pre-sale activities for such opportunities. You can make an estimation of the potential project’s value, budget, margin, and duration. 

Team Collaboration & Alignment

With Wethod, you’ll be able to empower your team members to work and collaborate on projects with greater agility and autonomy. Your team members can use a timeline to monitor all activities and communications related to a particular project, such as meetings, calls, and chats. This timeline is automatically updated in real-time as they enter or edit worked hours, project status, and other project data. 

They can monitor the status, duration, and deadline of assigned project activities through Kanban boards, Gantt charts, or lists as well. Wethod allows them to check important alerts from a project-connected personal desk. They are instantly notified about any issues, inconsistencies, or mistakes. They’ll also be alerted to complete certain tasks like sending invoices, recording worked hours, following up with prospects, or updating project status. 

The tool assists you in keeping your team members aligned with company and project goals. You along with your team members can set objectives and key results. These OKRs are linked with your team members’ individual profiles that show their skills, experiences, interests, and accomplishments. Your team members can assess projects and give feedback on each other’s work performance which will reflect on their personal profiles. 

Project Portfolio Insights 

Wethod generates intuitive and smart reports for users to gain valuable insights into their project portfolio. You can compare the project’s actual budget consumption and billing status against the progress of the project. To evaluate the feasibility of projects, the software permits you to check project budget estimates vs. sales revenue forecasts.

Plus, you’ll determine the actual revenues your team is producing out of the projects. You can organize and track project revenues according to various categories such as project type, customer, and acquisition probability. Wethod enables you to monitor estimated and incurred expenses associated with your projects, covering general and administrative, promotion, payroll, and capitalized costs. 

All your project revenues and costs are recorded in the income statement.  As a result, you’ll easily and accurately make monthly revenue projections and check them against the annual budget. You can also verify when orders exceeded the estimated external costs of a project