Available Risk Reasons (Projects at Risk)

Deltek provides a set of standard risk reasons for Projects at Risk Analytics. Your system administrator selects from that set the risks that your firm wants to monitor.

The following describes each of the available risk reasons, including how Costpoint Analytics determines if a project is at risk for the reason, how it calculates the at-risk amount, and whether risk is calculated for

billing-level projects or

revenue-level projects.

Definition: Revenue-level project

A project at the level of the project structure at which the revenue formula resides.

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Definition: Billing-level project

A project at the level of the project structure at which the billing formula resides.

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Billing Over Contract

The amount billed exceeds the contract value by more than the acceptable risk amount.

Project is at risk if: ITD billing > Contract value + Acceptable risk amount

Acceptable risk amount: Contract value × Tolerance percentage

At-risk amount: ITD billing – Contract value

Risk is tracked for: Billing-level projects

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Billing Over Funding

The amount billed exceeds the funded value by more than the acceptable risk amount.

Project is at risk if: ITD billing > Funded value + Acceptable risk amount

Acceptable risk amount: Funded value × Tolerance percentage

At-risk amount: ITD billing – Funded value

Risk is tracked for: Billing-level projects

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Budget After Contract End Date
Forecast After Contract Date

The budgeted costs for periods after the contract end date exceed the acceptable risk amount.

Project is at risk if: Budgeted costs for periods after end date > Acceptable risk amount

Acceptable risk amount: Contract value × Tolerance percentage

At-risk amount: Budgeted costs for periods after end date

Risk is tracked for: Revenue-level projects

Notes: Budgeted costs are from either the baseline budget or the current forecast, depending on your selection in Budget Type on the User Options tab.

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Costs After Contract End Date

The actual costs charged to the project after the contract end date exceed the acceptable risk amount.

Project is at risk if: Actual costs dated after end date > Acceptable risk amount

Acceptable risk amount: Contract value × Tolerance percentage

At-risk amount: Actual costs dated after end date

Risk is tracked for: Revenue-level projects

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Costs Over Budget
Costs Over Forecast

The actual costs exceed the budgeted costs by more than the acceptable risk amount.

Project is at risk if: ITD costs > ITD budgeted costs + Acceptable risk amount

Acceptable risk amount: ITD budgeted costs × Tolerance percentage

At-risk amount: ITD costs - ITD budgeted costs

Risk is tracked for: Revenue-level projects

Notes: Budgeted costs are from either the baseline budget or the current forecast, depending on your selection in Budget Type on the User Options tab.

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Costs Over Contract

Project is at risk if: ITD costs > Contract value + Acceptable risk amount

Acceptable risk amount: Contract value × Tolerance percentage

At-risk amount: ITD costs - Contract value

Risk is tracked for: Revenue-level projects

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Costs Over Funding

Project is at risk if: ITD costs > Funded value + Acceptable risk amount

Acceptable risk amount: Funded value × Tolerance percentage

At-risk amount: ITD costs - Funded value

Risk is tracked for: Revenue-level projects

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Loss on Project

Project is at risk if: ITD costs > ITD revenue + Acceptable risk amount

Acceptable risk amount: ITD revenue × Tolerance percentage

At-risk amount: ITD costs – ITD revenue

Risk is tracked for: Revenue-level projects

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Profit Under Budget
Profit Under Forecast
Gross Profit Under Budget
Gross Profit Under Forecast

The actual profit is under the budgeted profit by more than the acceptable risk amount.

Project is at risk if: ITD actual profit < ITD budgeted profit – Acceptable risk amount

Acceptable risk amount: ITD budgeted profit × Tolerance percentage

At-risk amount: ITD budgeted profit – ITD actual profit

Risk is tracked for: Revenue-level projects

Notes:

Whether risk is based on gross profit (project income less project expenses) or profit (project income less all direct and indirect expenses) depends on your selection in Profit Type on the User Options tab. For more information on calculation of gross profit and profit, see Profit Type.
Budgeted profit is calculated from revenue and cost in either the baseline budget or the current forecast, depending on your selection in Budget Type on the User Options tab.

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Revenue Over Budget
Revenue Over Forecast

The revenue exceeds the budgeted revenue by more than the acceptable risk amount.

Project is at risk if: ITD revenue > ITD budgeted revenue + Acceptable risk amount

Acceptable risk amount: ITD budgeted revenue × Tolerance percentage

At-risk amount: ITD revenue - ITD budgeted revenue

Risk is tracked for: Revenue-level projects

Notes: Budgeted revenue is from either the baseline budget or the current forecast, depending on your selection in Budget Type on the User Options tab.

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Revenue Over Contract

The revenue exceeds the contract value plus approved revenue over the contract value by more than the acceptable risk amount.

Project is at risk if: ITD revenue > Contract value + Approved revenue over contract value + Acceptable risk amount

Acceptable risk amount: Contract value × Tolerance percentage

At-risk amount: ITD revenue - (Contract value + Approved revenue over contract value)

Projects tracked: Revenue-level projects

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Revenue Over Funding

The revenue exceeds the funded value plus approved revenue over the funded value by more than the acceptable risk amount.

Project is at risk if: ITD revenue > Funded value + Approved revenue over funded value + Acceptable risk amount

Acceptable risk amount: Funded value × Tolerance percentage

At-risk amount: ITD revenue - (Funded value + Approved revenue over funded value)

Projects tracked: Revenue-level projects

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Revenue Under Budget
Revenue Under Forecast

The revenue is under the budgeted revenue by more than the acceptable risk amount.

Project is at risk if: ITD actual revenue < ITD budgeted revenue – Acceptable risk amount

Acceptable risk amount: ITD budgeted revenue × Tolerance percentage

At-risk amount: ITD budgeted revenue – ITD actual revenue

Risk is tracked for: Revenue-level projects

Notes: Budgeted revenue is from either the baseline budget or the current forecast, depending on your selection in Budget Type on the User Options tab.

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Available Risk Reasons

Billing Over Contract

Billing Over Funding

Budget After Contract End Date Forecast After Contract Date

Costs After Contract End Date

Costs Over Budget Costs Over Forecast

Costs Over Contract

Costs Over Funding

Loss on Project

Profit Under Budget Profit Under Forecast Gross Profit Under Budget Gross Profit Under Forecast

Revenue Over Budget Revenue Over Forecast

Revenue Over Contract

Revenue Over Funding

Revenue Under Budget Revenue Under Forecast

Budget After Contract End Date
Forecast After Contract Date

Costs Over Budget
Costs Over Forecast

Profit Under Budget
Profit Under Forecast
Gross Profit Under Budget
Gross Profit Under Forecast

Revenue Over Budget
Revenue Over Forecast

Revenue Under Budget
Revenue Under Forecast