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Tool maker 6th Sense Analytics on Tuesday will preview the latest version of its software-as-a service designed to keep distributed software development projects on time and on budget.

6th Sense Analytics helps software developers and managers stay up-to-date on a project by allowing them to use pre-built reports and a dashboard-style user interface, according to company officials. In addition to the pre-built reports, users can create more than 5,000 custom reports to help them understand a project.

“The latest release of our solution not only automates the collection of software development metrics, it also makes it very easy to turn this data into actionable insights by delivering the information you need, to your fingertips, and in a form that’s very easy to understand,” said Greg Burnell, CEO of 6th Sense Analytics, in a prepared statement.

Among the new pre-built reports are one that gives vital stats on the team, money invested, activities performed, etc., on a specific system; another for understanding the focus, composition, performance, and skill set of a team; a personal report with details on each team member; and another that offers averages and patterns within a development community.

The personal edition of 6th Sense Analytics, designed to help a developer track his or her own activity, is available now free of charge. The Team Edition is priced at $960 per user per year.

6th Sense Analytics, based in Morrisville, N.C., was founded in 2004 by former executives at software development firms including Rational, TogetherSoft, and Borland. The company has raised $1.7 million in venture funding.

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