Contents of the Billing Summary - Update Percent Complete Dialog Box

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

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 work breakdown structure (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 billing budget) + (Expense percent complete x Expense billing budget) / Total billing 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 (including consultant 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 updates it in all of those locations.
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.
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.
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. You can change the displayed amount, or, if the field is blank, you can enter an amount. 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 billing budget for the WBS element.
Expense Budget	This column displays the total non-consultant expense billing budget for the WBS element.
Consultant Budget	This column displays the total consultant billing budget for the WBS element.
Labor to Date	This column displays the actual job-to-date (JTD) labor amount, at billing rates, for the WBS element.
Expense to Date	This column displays the actual JTD non-consultant expense amount, at billing rates, for the WBS element.
Consultant to Date	This column displays the actual JTD consultant amount, at billing rates, for the WBS element.
Total Spent	This column displays the actual JTD total amount spent, at billing 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 billing / 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	This column displays the percent of the expected compensation for direct labor and direct expense that has been billed: JTD billed direct labor and direct expense / Compensation
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)