Most practices find out a project has overrun at the end of a stage, when the timesheets are added up. By then the hours are spent. The goal of fee tracking is to see the problem halfway through, while you can still do something about it.
Lesson 3 of 6 · 2:45 video · 1 guided exercise
Tracking fee burn and spotting overruns early
A simple weekly method for comparing the fee you have used with the progress you have made, and acting before an overrun becomes a loss.