Project Smart Summary KPIs and Calculations

The Generative AI project Smart Summary uses key performance indicators (KPIs) to gauge the project's financial health, assess plan summaries and metrics for in pursuit regular projects.

Multiple Currencies

If you use multiple currencies, the currency in which the KPIs are displayed is based on the Use Billing (Not Project) Currency for Reporting configuration setting in Settings > Accounting > Labor Options.

When this option is set to Yes: The KPIs are displayed in billing currency.
When this option is set to No: The KPIs are displayed in project currency.

The following exceptions apply:

Total Billed and Accounts Receivable is displayed in the billing currency.
Job-to-Date Earned Profit is displayed in the project currency.
Estimated Fee and Weighted Fee are displayed in the project currency.
Promotional Project Cost is displayed in the project currency.

The Job-to-Date (JTD) Through date is based on your setting for the Job-to-Date (JTD) Through option in Settings > Resource Planning > Plan Settings.

Table of Project Smart Summaries KPIs and Calculations

This table lists the key performance indicators and calculations that measure the performance of a project based on the project's Vantagepoint data and metrics.

Project Smart Summary KPI	KPI Calculation
Total Compensation	To verify this calculation, navigate to Hubs > Projects > Contract Management and click the Compensation tab. The amount in the Total Compensation field displays in the project currency and in the billing currency. The total compensation amount that you expect to receive for the project can be verified on the Compensation tab in Hubs > Projects > Contract Management.
Total Billed with Taxes	This amount is calculated as Billed + Tax billed amount on posted invoices.
Accounts Receivable	This amount includes taxes and is displayed in the billing currency. This value is calculated as follows: Original Invoice - any payments, credit memos, and retainage.
Average Age of Accounts Receivables	This value is calculated as follows: The average number of days from the invoice date to today, for the project's invoices that have an unpaid balance.
Job-to-Date Earned Revenue	This amount is the job-to-date amount of actual revenue earned for the project.
Year-to-Date Earned Revenue	This amount is the year-to-date earned revenue for the fiscal year.
Revenue Backlog	The backlog is calculated as Total compensation - JTD earned revenue.
Target Multiplier	This value represents the revenue that is expected for each labor cost dollar spent on a project. You can check this value on the Labor tab of the Project Plan Settings dialog box (navigate to Hubs > Projects > Plan, select the project, and click Other Actions > Plan Settings on the Actions bar). You can also check this value for the selected project on the Summary pane of the Projects form. The project plan's published target multiplier is used in the Project Smart Summary briefing.
Labor Estimate-at-Completion Cost Multiplier	This value represents the cost value of hours worked as of the job-to-date, calculated as: Labor contract amount /estimate-at-completion (EAC) labor cost amount
Job-to-Date Effective Multiplier	This is the JTD net revenue / JTD direct labor cost. JTD net revenue = JTD earned revenue - JTD direct expenses cost - JTD direct consultants cost - JTD reimbursable expenses cost - JTD direct reimbursable consultants cost.
Job-to-Date Earned Profit	This calculation uses the actual profit amount for the project: JTD earned revenue - JTD direct labor cost - JTD overhead cost - Estimated overhead - JTD direct expense cost - JTD reimbursable expense cost - JTD direct consultant cost - JTD reimbursable consultant cost.
Job-to-Date Earned Variance	This amount is the difference between the job-to-date earned revenue and the job-to-date amount billed. JTD earned revenue variance amount = JTD earned revenue - JTD labor billing - JTD reimbursable expenses billing - JTD direct expenses billing - JTD reimbursable consultants billing - JTD direct consultants billing.
Job-to-Date Earned %Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: Cost budget type: (JTD earned revenue / Total compensation) * 100. Billing or Cost and Billing budget type: (JTD earned revenue bill / Total compensation) * 100.
Planned % Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: Cost budget type: Planned % Complete at Cost (JTD cost / EAC planned cost ) * 100. Where EAC planned cost = JTD cost + ETC planned cost. Billing or Cost and Billing budget type: Planned % Complete at Billing (JTD billing / EAC planned billing) * 100. Where EAC planned billing = JTD billing + ETC planned billing.
Spent % Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: For Cost budget type: Spent % at Cost (JTD spent @ cost / Total compensation) * 100. For Billing or Cost Billing budget type: Spent % Complete at Billing (JTD spent @ billing / Total compensation ) * 100.
Estimate-to-Complete Revenue	This amount is the sum of all planned revenue forecast amounts from the estimate-to-complete (ETC) date through the forecast end date for the project. The estimate-to-complete date of the revenue forecast is the first day of the period that contains today.
Difference between the Revenue Backlog and Estimate-to-Complete Revenue	This amount is calculated as revenue backlog less estimate-to-complete (ETC) revenue.
Promotional Project Cost	This amount is the job-to-date cost of the project's linked promotional project, displayed in the project currency.
Probability	This is the probability of winning the project, expressed as a percentage. You can also view the probability for the project in the Summary pane of the Projects form.
Estimated Fee	This amount is the total estimated revenue for the project, in the project currency. This is the amount that your enterprise expects to earn if the project results in an awarded project. You enter this value for the project on the Summary pane of the Projects form.
Weighted Fee	This is the estimated fee for the project, in the project currency, weighted based on the probability: Estimated revenue * Probability percentage.
Labor Estimate-at-Completion Profit %	This percentage is calculated as (Labor EAC profit amount / Labor contract amount cost ) * 100.
Labor Estimate-at-Completion Variance %	This percentage is calculated as (Labor contract - EAC billing of the Labor Plan / Labor contract amount) * 100.

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Project Smart Summary KPIs and Calculations

The Generative AI project Smart Summary uses key performance indicators (KPIs) to gauge the project's financial health, assess plan summaries and metrics for in pursuit regular projects.

Multiple Currencies

If you use multiple currencies, the currency in which the KPIs are displayed is based on the Use Billing (Not Project) Currency for Reporting configuration setting in Settings > Accounting > Labor Options.

When this option is set to Yes: The KPIs are displayed in billing currency.
When this option is set to No: The KPIs are displayed in project currency.

The following exceptions apply:

Total Billed and Accounts Receivable is displayed in the billing currency.
Job-to-Date Earned Profit is displayed in the project currency.
Estimated Fee and Weighted Fee are displayed in the project currency.
Promotional Project Cost is displayed in the project currency.

The Job-to-Date (JTD) Through date is based on your setting for the Job-to-Date (JTD) Through option in Settings > Resource Planning > Plan Settings.

Table of Project Smart Summaries KPIs and Calculations

This table lists the key performance indicators and calculations that measure the performance of a project based on the project's Vantagepoint data and metrics.

Project Smart Summary KPI	KPI Calculation
Total Compensation	To verify this calculation, navigate to Hubs > Projects > Contract Management and click the Compensation tab. The amount in the Total Compensation field displays in the project currency and in the billing currency. The total compensation amount that you expect to receive for the project can be verified on the Compensation tab in Hubs > Projects > Contract Management.
Total Billed with Taxes	This amount is calculated as Billed + Tax billed amount on posted invoices.
Accounts Receivable	This amount includes taxes and is displayed in the billing currency. This value is calculated as follows: Original Invoice - any payments, credit memos, and retainage.
Average Age of Accounts Receivables	This value is calculated as follows: The average number of days from the invoice date to today, for the project's invoices that have an unpaid balance.
Job-to-Date Earned Revenue	This amount is the job-to-date amount of actual revenue earned for the project.
Year-to-Date Earned Revenue	This amount is the year-to-date earned revenue for the fiscal year.
Revenue Backlog	The backlog is calculated as Total compensation - JTD earned revenue.
Target Multiplier	This value represents the revenue that is expected for each labor cost dollar spent on a project. You can check this value on the Labor tab of the Project Plan Settings dialog box (navigate to Hubs > Projects > Plan, select the project, and click Other Actions > Plan Settings on the Actions bar). You can also check this value for the selected project on the Summary pane of the Projects form. The project plan's published target multiplier is used in the Project Smart Summary briefing.
Labor Estimate-at-Completion Cost Multiplier	This value represents the cost value of hours worked as of the job-to-date, calculated as: Labor contract amount /estimate-at-completion (EAC) labor cost amount
Job-to-Date Effective Multiplier	This is the JTD net revenue / JTD direct labor cost. JTD net revenue = JTD earned revenue - JTD direct expenses cost - JTD direct consultants cost - JTD reimbursable expenses cost - JTD direct reimbursable consultants cost.
Job-to-Date Earned Profit	This calculation uses the actual profit amount for the project: JTD earned revenue - JTD direct labor cost - JTD overhead cost - Estimated overhead - JTD direct expense cost - JTD reimbursable expense cost - JTD direct consultant cost - JTD reimbursable consultant cost.
Job-to-Date Earned Variance	This amount is the difference between the job-to-date earned revenue and the job-to-date amount billed. JTD earned revenue variance amount = JTD earned revenue - JTD labor billing - JTD reimbursable expenses billing - JTD direct expenses billing - JTD reimbursable consultants billing - JTD direct consultants billing.
Job-to-Date Earned %Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: Cost budget type: (JTD earned revenue / Total compensation) * 100. Billing or Cost and Billing budget type: (JTD earned revenue bill / Total compensation) * 100.
Planned % Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: Cost budget type: Planned % Complete at Cost (JTD cost / EAC planned cost ) * 100. Where EAC planned cost = JTD cost + ETC planned cost. Billing or Cost and Billing budget type: Planned % Complete at Billing (JTD billing / EAC planned billing) * 100. Where EAC planned billing = JTD billing + ETC planned billing.
Spent % Complete	Depending on which budget type you specified for the project plan, this KPI uses one of the following calculations: For Cost budget type: Spent % at Cost (JTD spent @ cost / Total compensation) * 100. For Billing or Cost Billing budget type: Spent % Complete at Billing (JTD spent @ billing / Total compensation ) * 100.
Estimate-to-Complete Revenue	This amount is the sum of all planned revenue forecast amounts from the estimate-to-complete (ETC) date through the forecast end date for the project. The estimate-to-complete date of the revenue forecast is the first day of the period that contains today.
Difference between the Revenue Backlog and Estimate-to-Complete Revenue	This amount is calculated as revenue backlog less estimate-to-complete (ETC) revenue.
Promotional Project Cost	This amount is the job-to-date cost of the project's linked promotional project, displayed in the project currency.
Probability	This is the probability of winning the project, expressed as a percentage. You can also view the probability for the project in the Summary pane of the Projects form.
Estimated Fee	This amount is the total estimated revenue for the project, in the project currency. This is the amount that your enterprise expects to earn if the project results in an awarded project. You enter this value for the project on the Summary pane of the Projects form.
Weighted Fee	This is the estimated fee for the project, in the project currency, weighted based on the probability: Estimated revenue * Probability percentage.
Labor Estimate-at-Completion Profit %	This percentage is calculated as (Labor EAC profit amount / Labor contract amount cost ) * 100.
Labor Estimate-at-Completion Variance %	This percentage is calculated as (Labor contract - EAC billing of the Labor Plan / Labor contract amount) * 100.