Overall Labor Percent Complete or Overall Expense Percent Complete
For each of your projects, you can define an overall labor percent complete, an overall expense percent complete, or both an overall labor percent complete and an overall expense percent complete.
Define the overall labor percent complete in the Lab % Complt field on the Labor Billing tab or Labor Costs tab.
Define the overall expense percent complete in the Exp % Complt field on the Expense Billing tab or Expense Costs tab
Example
For example, assume that you enter an overall labor percent complete of 50% and an overall expense percent complete of 60% on the Project Budget Worksheet. Deltek calculates the overall percent complete for the project as follows:
Labor Budget
| Labor Code | Labor Budget | Percent Complete | Earned Labor | Budgeted Overhead Percentage | Earned Overhead | ||
|---|---|---|---|---|---|---|---|
| A0000 | $2,500 | x | 50% = | $1,250 | x | 210% | $2,625 |
| A1000 | $4,000 | x | 50% = | $2,000 | x | 210% | $4,200 |
| $6,500 | $3,250 | $6,825 |
Expense Budget
| Account Number | Expense Budget | Percent Complete | Earned Expenses | |
|---|---|---|---|---|
| 511.00 | $1,000 | x | 60% = | $ 600 |
| 512.00 | $2,000 | x | 60% = | $1,200 |
| $3,000 | $1,800 |
Calculations
|
Total Earned Labor + Total Earned Overhead + Total Earned Expenses Total Project Earned |
$3,250 $6,825 $1,800 $11,875 |
|
Total Labor Budget + Total Overhead Budget + Total Expense Budget Total Project Budget |
$ 6,500 $13,650* $ 3,000 $23,150** |
| Total Project Earned/Total Project Budget = Overall Percent Complete |
$11,875/$23,150 = 51.30% |
* The Total Overhead Budget is determined by multiplying the Total Labor Budget ($6,500) by the Budgeted Overhead Rate (210%). The Total Overhead Budget in the above example is equal to $13,650.
** The Total Project Budget is the sum of the budgeted amounts in the Labor, Overhead, Direct Consult, Other Direct Exp, Reimb Consult, and Other Reimb fields.
Overhead Percentage Used
Deltek uses the overhead percentage specified for the project in the Projects hub.
If no percentage is entered in the Projects hub, Deltek uses the overhead rate specified for the project’s organization.
If Deltek does not find a percentage for either of these options, it uses the enterprise-wide rate specified in .