Wasted Time Factor is for those who wonder "How much is this meeting costing us?" and wish that they had a tool to track to time and COSTS of meetings. If that's all it was, you would have a useful meeting time tracker, but there's more.
Wasted Time Factor enables to track your individual meeting time costs independently of the rest of the meeting. You simply click the "Track Waste" button while the meeting runs, and you can track your cost of wasted time in comparison to the rest of the meeting. This is especially useful when you are dragged to a meeting for hours upon hours for no good reason. If the two reasons above are not enough, there's one more thing... 8-)
Wasted Time Factor also can be set to track wasted meeting time vs. total meeting time. When does that happen? When someone starts talking, but says nothing, and keeps doing it during a meeting because he/she likes to hear himself/herself talk -- that's when you can select "All" in the wasted time section, click "Track Waste" and you can track how much your time waster is costing the group or the company.
Wasted Time Factor was inspired and influenced by the launch monkeys.