Labor cost | Labor revenue | |
---|---|---|
Forecast | Planned effort of the resources/profiles assigned to the project X cost rate | Planned effort of the resources/profiles assigned to the project X selling rate |
Estimate | Planned effort of the resources/profiles assigned to the task X cost rate | Planned effort of the resources/profiles assigned to the task X selling rate |
Actual | Planned effort of the resources/profiles assigned to the project X cost rate | Planned effort of the resources/profiles assigned to the project X selling rate |
Field | Description |
---|---|
Category | Project expense head. Available only when the Account Head check box is selected while creating the charge code in the application admin area. |
Forecast | Forecasted cost for an account head in a project. |
Estimate | Expenses estimated an account head in a project. |
Actual | Actual cost incurred for an account head in a project. |
Forecast variance | Difference between forecast and actual cost. Forecast variance = Forecast - Actual Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |
Estimate variance | Difference between estimate and actual cost. Estimate variance = Estimate - Actual Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |
Total cost | Sum of all the cost rows excluding labor revenue. |
Margin | Difference between total cost and labour revenue. Margin = total cost - labour revenue Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |