This seems like a great system to enable fine-grained micromanagement at a glance. It's got a weird mix of 'overbearing manager' and 'Orwellian employment coverage' that seems to primarily support over-involvement in your employees' minute-to-minute tasks. And that isn't even considering how "your outplanr task chart" factors into those yearly performance reviews. ;)
This would be a great way to manage a household chore-chart, though...