Cost Tab of Project Review

Use this form to compare budget amounts to actuals. Your setting in the Budget Source field on this tab determines whether Vision draws budget data from the project budget worksheet in the Accounting application or from a mapped plan in the Planning application.

Contents

For any field with a blue, underlined amount, click the amount to open the corresponding dialog box of supporting detail. On the supporting detail dialog box you can also click any blue, underlined amount to see another level of detailed data on a second drill-down dialog box.

Field	Description
Principal-In-Charge	This field displays the employee at your firm who is identified as the project's principal. You can drill down on this employee name to display the employee's record in the Employee Info Center. You specify the principal assigned to the project on the General tab of the Project Info Center.
Project Manager	This field displays the employee at your firm who is serving as the project manager for the project. You can drill down on this employee name to display the employee's record in the Employee Info Center. You specify the project manager assigned to the project on the General tab of the Project Info Center.
Supervisor	This field displays the employee at your firm who is serving as the supervisor for the project. You can drill down on this employee name to display the employee's record in the Employee Info Center. You specify the supervisor assigned to the project on the General tab of the Project Info Center.
Budget Source	If your firm is using Vision's Planning application, you can decide whether you want to draw budgeted amounts from: The budget worksheet in the Accounting application (Budget Worksheet option). A mapped plan in the Project Planning application (Project Planning option). You select the budget source on the Options dialog box in Accounting > Project Review. The budget source impacts the fields that display on the Cost Analysis tab. Refer to each field description for details. If the Budget Source is set to Budget Worksheet, the Billing Analysis tab of Project Planning does not display.
Currency	If your firm uses the Multicurrency feature, this field displays the project currency.

Note: When the Reporting at Burdened Rates option is selected in Accounting System Settings, labor and overhead are combined and the overhead is estimated using the same calculation that is used when reporting at cost and overhead allocation needs to be run.

Contents

Field	Description
Fee Analysis at Cost Rates	The columns in this section provide an overview of the Contract/Fee, Planned, and Profit/(Loss) amounts for your plan. Contract/Fee The user- entered compensation or fee amounts. As you update or change these amounts, the planned and profit/loss amounts automatically recalculate. Planned The planned amounts at cost that are pulled from different areas of Vision. Profit/(Loss) The difference between the contract and planned amounts. You can read down each row to view the contract or planned amounts for the following categories: Compensation The sum of all labor and direct expense amounts, which is added to the direct consultant amount. Any overhead or contingency percentages that are entered are factored into these amounts. Direct Consultants The direct consultant fees that your company expects to receive for the project. This does not include reimbursable consultant amounts. Reimbursable Allowance The sum of reimbursable consultant and reimbursable expense amounts. Total Total of all compensation, direct consultant, and reimbursable allowance amounts. These amounts are pulled from different areas within Vision. The columns that display depend on the project's budget source, your access rights to cost rates in Vision Security, and the project's charge type (Regular, Overhead, or Promotional).
Planning Analysis at Cost Columns	The columns in this section provide an overview of the Actual, Estimate to Complete, and Estimate at Complete amounts for your plan. Actual These fields display the actual amounts that are pulled from different areas of Vision. Estimate to Complete These fields display the amounts remaining to complete. The ETC is calculated based on the application, Vision or Navigator, in which the plan was created. See the How Planning Calculates ETC online help topic for additional information. Estimate at Complete These fields display the sum of the Actual and Estimate to Complete amounts. You can read down each row to view the actual and estimate to complete amounts for the following categories: Compensation The sum of all labor and direct expense amounts, which is added to the direct consultant amount. Direct Consultants The direct consultant fees that your company expects to receive for the project. This does not include reimbursable consultant amounts. Reimbursable Allowance The sum of reimbursable consultant and reimbursable expense amounts. Total Total of all compensation, direct consultant, and reimbursable allowance amounts. These amounts are pulled from different areas within Vision. The columns that display depend on the project's budget source, the use of burden rates, your access rights to cost rates in Vision Security, and the project's charge type (Regular, Overhead, or Promotional).

Job-to-Date Actual

Field	Description
Planned Mult	This field displays the planned multiplier for cost, which helps you evaluate how much revenue a plan will return per unit of labor cost. Vision calculates the multiplier in this way: Planned Total Compensation - (Planned Direct and Reimbursable Expenses) / Planned Labor Cost
Effective Mult	This field displays the effective multiplier for cost. Vision calculates the multiplier in this way: Net Revenue = Revenue / (Direct Expenses + Reimbursable Expenses) Effective Multiplier = Net Revenue / Direct Labor
Earned Revenue	This field displays the amount of earned revenue, which is the actual Job-to-Date revenue that is associated with the current period.
Actual Cost	This field displays the actual Job-to-Date amount that was spent at cost that is associated with the period. This field does not display if you do not have access to cost rates in Vision Security.
Actual Profit $	This field displays the actual profit amount. Vision calculates the dollar amount of the actual profit in this way: Earned Revenue - Actual Cost This field does not display if the project's charge type is Overhead or Promotional.
Profit %	This field displays the profit percent which is calculated as the Total Profit divided by the Total Earned. This field does not display if the project's charge type is Overhead or Promotional.
% Complete	This field displays the percent of the project that is complete.
% Expended Hour	This field displays the percent expended hours. Vision calculates the percentage of expended hours in this way: Total Actual Hours / Total Planned Hours
% Expended $	This field displays the percent expended amount. Vision calculates the percentage in this way: Total Actual Hours / Total Planned Dollars