The ability to 'clock in/out' on specified projects?
Translate into spread sheets and gantt charts that are also 'customizable'?
Allow for budgeting with real time integration of the budget with a burn rate.
If I have missed these features please feel free to point me to where they are and any links to tutorials. If anyone has an existing program / app that implements the functions above I would love to review it.
Glip is more of a collaboration tool versus a project management tool. While it can work with teams, in it's current state it cannot do those things you mentioned. However, they might someday increase the functionality to something including project management.