Billable utilization rate

The billable utilization rate is an indicator that calculates the proportion of time employees devote to income-generating projects in relation to the total number of their available working hours.

It is a measure of the efficiency of the use of working time in the context of project management in service delivery. Tracking this rate helps ensure that employees are optimally engaged in productive and successful tasks. The billable utilization rate is most often used in service companies, such as consulting firms or IT Services Like what.