This is from TimeLive a Web-based collaboration tool for project management, bug tracking, employee timesheet, employee attendance, issues and expenses. Free downloadable and hosted (ASP) versions are available.

Features: This is a Web based collaboration tool for project management. It would take care of bug tracking, employee time-sheets, employee attendance, issues and expenses. The software is available in two versions. You have the hosted service. If you would like your own system, it is available in downloaded version too.Track your contractor and employee`s time-sheet. Full featured time entry facilities are available. Detailed and summarized views of all time records. Time-sheet approval based on your own customized workflow is possible. You can track billable as well as on-billable hours. Time billing with tracking of billable and non-billable time records. Time-sheet and expenses reporting are configurable. Project expenses approval is also customizable.

Project management tools include complete task management. Full integrated task tracking tool lets you monitor all tasks/issues using simple and full featured tool. These include hierarchical tasks with support of parent task and sub tasks. It helps you save time on planning, processing, tracking and completing your projects. Web collaboration based on email communication is offered. Updated information is distributed among team members. Whole look and feel of the interface is customizable through its open HTML files. Designer can change whole UI including logo, CSS, menus, login page etc by just customizing master pages. Expense-Tracking suite is an integrated application for time record, time tracking and time billing software. The TimeLive suite of products delivers a time tracking solution for professional service providers.

Overall: Project management and related issues are managed with this application.