Header | Labor Cost | Labor Revenue |
---|---|---|
Forecast | Planned effort of the resources or profiles assigned to the project multiplied by the cost rate | Planned effort of the resources or profiles assigned to the project multiplied by the selling rate |
Estimate | Planned effort of the resources or profiles assigned to the task multiplied by the cost rate | Planned effort of the resources or profiles assigned to the task multiplied by the selling rate |
Actual | Planned effort of the resources or profiles assigned to the project multiplied by the cost rate | Planned effort of the resources or profiles assigned to the project multiplied by the selling rate |
Field | Description |
---|---|
Category | Project expense head. Available only when the Category check box is selected while creating the charge code in the Project Management Administration view |
Description | Brief description of the budget category |
Forecast | Forecasted cost for a category in a project |
Estimate | Expenses estimated for a category in a project. Calculated for effort-based projects by: ( Planned effort based on assignments x Cost rate ) ÷ Selling rate. Calculated for duration-based projects by: ( Planned duration based on assignments x Project calendar hours per day x Cost ) ÷ Selling rate. |
Actual | Actual cost incurred for a category in a project. Calculated for effort-based projects by: ( Project x Cost rate) ÷ Selling rate. Calculated for duration-based projects by: % DC x Planned duration x ( Project calendar hours ÷ day ) x ( Cost rate ÷ Selling rate ). |
Remaining (forecast) | Difference between forecast and actual cost. Forecast variance = Forecast - Actual A number that is greater than zero is favorable. |
Remaining (estimate) | Difference between estimate and actual cost. Estimate variance = Estimate - Actual A number that is greater than zero is favorable. |
Total cost | Sum of all the cost rows excluding Labor Revenue |
Margin | Difference between total cost and labour revenue. Margin = Labor revenue - Total cost A number that is greater than zero is favorable. |
Field | Description |
---|---|
Name | Project expense head. This charge code is created in the Project Management Administration view. |
Description | Brief description of the project expense head |
Code | Unique code for the project expense head |
Billable | Indicates whether the charge code is billable |
State | Indicates whether the charge code is active or inactive |
Field | Description |
---|---|
Name | Time code assigned with the task |
Description | Brief description of the time code |
Code | Unique code for the time code |
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