Budget Calculator Form

You may find it helpful to run "what-if" scenarios to determine the number of hours required to complete a project. You can do this on the Budget Calculator form.

You can also include estimated compensation for the primary firm and any consultants or sub-contractors you plan to use.

The amounts entered on this form are for modeling purposes only and do not impact any part of Vision Planning.

Location

To display the form, complete the following step:

From the Vision Navigation menu, click Planning > Budget Calculator.

Contents

Field	Description
Compensation	This field displays the monetary amount that represents the total compensation your company expects to receive for the project. The compensation is automatically calculated based on the amounts entered for the labor services and direct expenses as follows: Compensation = Direct Labor + Direct Expense The sum of the amounts in the Compensation, Direct Consultant, and Reimbursable Allowance fields on this tab represent the total amount of fee you expect to receive over the life of the project. The amount you enter in each of these fields depends on your approach to project management.
Direct Labor	Enter a monetary amount that represents the total direct labor costs.
Direct Expense	Enter a monetary amount that represents the direct expenses.
Direct Consultant	Enter the monetary amount that represents the direct consultant fees your company expects to receive for the project. The direct consultant amount should include fees for consultant work that are not reimbursable.
Reimbursable Allowance	This field displays the monetary amount that represents your company's reimbursable allowance for the project. The reimbursable allowance amount should include all expenses that will be reimbursed to your company by the client, including reimbursable consultant fees. This amount is calculated as follows: Reimbursable Allowance = Reimbursable Consultant + Reimbursable Expense
Reimbursable Expense	Enter a monetary amount that represents the expenses that will be reimbursed by the client.
Reimbursable Consultant	Enter a monetary amount that represents the consultant fees that will be reimbursed by the client.
Target Profit Percent	Enter the target percent of profit desired on this project.
Contingency Percent	Enter the project's contingency percentage in this field or enter an amount in the Contingency Amount field.
Contingency Amount	Enter the project's contingency amount in this field or enter a percentage in the Contingency Percent field.
Direct Consultants	Enter the amount of anticipated non-reimbursable consultant or sub-contractor fees.
Other Direct Costs	Enter the amount of non-labor project expenses estimated for the plan.
Overhead Percent	Enter the percentage of overhead to be applied to the project.
Average Hourly Rate	Enter an estimated average of hourly cost for all employees across the project.
Total Hours	Vision calculates an estimate of the total number of hours anticipated for the effort, based upon the data you enter in the other fields on this tab.