Contents of the Cost Summary Dialog Box

Use the grid on this dialog box to review cost summary information for the selected project. You can also use it to update the percent complete amounts for lowest level work breakdown structure (WBS) elements.

Depending on how Vantagepoint is set up and on whether or not the compensation amounts for the project are synchronized with contract amounts, you may also be able to enter or modify amounts in the compensation fields. Those fields contain the same values as the corresponding fields on the Contract Management form in the Projects hub. If you update those fields in one location, Vantagepoint updates them automatically in the other.

Fields that display blue hypertext links allow you to quickly drill down to the underlying detail for the selected value, eliminating the need to generate a separate report to view and analyze supporting data. These drill-down options are available at all levels of the project work breakdown structure.

Click to select the columns to include in the grid. For information about how to select columns, see Select Columns for a Grid.

Contents

Field	Description
Project	This column displays the project number.
Project Name	This column displays the project name.
Phase	If Vantagepoint is set up to include phases in the WBS and the project's WBS has phases, this column displays the phase number.
Phase Name	This column displays the phase name.
Task	If Vantagepoint is set up to include tasks in the WBS and the project's WBS has tasks, this column displays the task number.
Task Name	This column displays the task name.
Overall % Complete	By default, this column displays the Vantagepoint-calculated weighted average percent complete for the WBS element: (Labor percent complete x Labor cost budget) + (Expense percent complete x Expense cost budget) / Total cost budget. To override this percent complete, enter a percentage in this column. You can also change the overall percent complete on the Contract Management form or the Budget form in the Projects hub. If you change the percent complete on this dialog box or on one of those forms, it is changed in all locations.
Expense % Complete	This column displays expense percent complete for the WBS element. You can change the displayed percentage, or, if the field is blank, you can enter a percentage. You can also change the expense percent complete on the Contract Management form or the Budget form in the Projects hub. If you change the percent complete on this dialog box or on one of those forms, it changes it in all locations.
Labor % Complete	This column displays labor percent complete for the WBS element. You can change the displayed percentage, or, if the field is blank, you can enter a percentage. You can also change the labor percent complete on the Contract Management form or the Budget form in the Projects hub. If you change the percent complete on this dialog box or on one of those forms, it changes it in all locations.
Budgeted Hours	This field displays the sum of budgeted hours for all labor codes for the WBS element.
Budget Variance	This field displays the billing budget variance amount for the WBS element: Total compensation – Total billing budget.
Budget Variance %	This field displays the billing budget variance percentage for the WBS element: Budget variance / Total compensation.
Direct Labor	This column displays the compensation amount for direct labor that your company expects to receive for the WBS element. Depending on how Vantagepoint is set up, you may be able to enter an amount in this column. You can also enter this amount on the Contract Management form in the Projects hub. If you enter the amount on this dialog box or on the Contract Management form, it updates both locations.
Overhead	This column displays the budgeted overhead for the WBS element, based on the labor cost budget and the budgeted overhead rate on the Accounting tab of the Projects form in the Projects hub: Labor cost budget x Budgeted overhead rate. This column does not display if the Enable Reporting at Burdened Rates option is selected on the Labor Options form (Settings > Accounting > Labor Options). In that case, overhead is automatically included in the amount in Labor Budget.
Direct Expense	This column displays the compensation amount for direct non-consultant expenses that your company expects to receive for the WBS element. Depending on how Vantagepoint is set up, you may be able to enter an amount in this column. You can also enter this amount on the Contract Management form in the Projects hub. If you enter the amount on this dialog box or on the Contract Management form, it updates both locations.
Compensation	This column displays the compensation amount that your company expects to receive for direct labor and direct expenses for the WBS element. The compensation is calculated automatically based on the amounts in Direct Labor and Direct Expense. If you use Revenue Method P ((Pct Complete*Fee) + Job to Date Reimbursable Expense), this compensation amount is used as the fee amount in the calculation. If you use Revenue Method P, enter the compensation amount for direct labor plus the direct consultant fee in the Direct Labor field and leave the Direct Consultant field blank.
Direct Consultant	This column displays the compensation amount for direct consultant fees that your company expects to receive for the WBS element. Depending on how Vantagepoint is set up, you may be able to enter an amount in this column. You can also enter this amount on the Contract Management form in the Projects hub. If you enter the amount on this dialog box or on the Contract Management form, it updates both locations. If you are using Revenue Method P, leave this field blank and include the direct consultant fee in the amount you enter in the Direct Labor field.
Profit on Services	This column displays the profit on services provided by your enterprise for the WBS element: Total compensation – Total cost budget.
Profit %	This column displays the profit percentage for the WBS element: Profit on services / Total compensation.
Reimbursable Expense	This column displays the amount of non-consultant expenses that will be reimbursed by the client for the WBS element. Depending on how Vantagepoint is set up, you may be able to enter an amount in this column. You can also enter this amount on the Contract Management form in the Projects hub. If you enter the amount on this dialog box or on the Contract Management form, it updates both locations.
Reimbursable Consultant	This column displays the amount of consultant fees that will be reimbursed by the client for the WBS element. Depending on how Vantagepoint is set up, you may be able to enter an amount in this column. You can also enter this amount on the Contract Management form in the Projects hub. If you enter the amount on this dialog box or on the Contract Management form, it updates both locations.
Reimbursable Allowance	This column displays the reimbursable allowance for the WBS element: Reimbursable consultants + Reimbursable expense. When you make an entry in either Reimbursable Expense or Reimbursable Consultant, this amount is updated automatically.
Total Compensation	This column displays the total amount of compensation that you expect to receive for the WBS element: Direct labor + Direct expense + Direct consultant + Reimbursable allowance. This amount is updated automatically if you make changes to those amounts.
Labor Budget	This column displays the total labor cost budget for the WBS element. If the Enable Reporting at Burdened Rates option is selected on the Labor Options form (Settings > Accounting > Labor Options), this amount includes overhead.
Expense Budget	This field displays the total non-consultant expense cost budget for the WBS element.
Consultant Budget	This column displays the total consultant cost budget for the WBS element.
Labor to Date	This column displays the actual job-to-date (JTD) labor amount, at cost rates, for the WBS element.
Expense to Date	This column displays the actual JTD non-consultant expense amount, at cost rates, for the WBS element.
Consultant to Date	This column displays the actual JTD consultant amount, at cost rates, for the WBS element.
Total Spent	This column displays the actual JTD total amount, at cost rates, for the WBS element: Labor to date + Expense to date + Consultant to date.
Percent Used	This column displays the percent of the total expected compensation for the WBS element that has been spent: Total spent at cost / Total compensation.
Compensation + Direct Consultants	This column displays the expected total compensation amount for the WBS element for all direct charges, including direct consultants: Direct labor + Direct expense + Direct consultant.
JTD Fee Billed	This column displays the total JTD billed amount for the WBS element for direct labor and direct expense.
Percent Billed with Direct Consultant	This column displays the percent of the expected compensation for direct labor, direct expense, and direct consultant that has been billed: (JTD direct labor billed + JTD direct expense billed + JTD direct consultant billed) / (Compensation + Direct consultant)