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Budget Tab of the Project Properties Dialog Box

Use this tab to enter Budget and Estimate at Complete values for the project. Cobra uses this information mainly to comply with EVMS reporting requirements. Cobra also uses this information in project logs as a change control mechanism and in the IPMR reports.

Use the fields on this tab if you plan to perform Earned Value Management System reporting or use the Project Audit Logging feature.

Contents

Field	Description
Negotiated Cost	Use this field to enter the target cost for the budgeted contract. Cobra disables this field once the project log is turned on.
Authorized Unpriced Work	Use this field to enter the amount of any Authorized Unpriced Work (AUW) for the project. AUW refers to any scope change for which authorization to proceed has been given, but for which the estimated costs are not yet settled.
Contract Budget Base	This field represents the Contract Budget Base (CBB) for the project. Cobra determines the CBB by combining the Negotiated Cost and the Authorized Unpriced Work (AUW). The CBB is not affected by the Over Target Baseline (OTB). You cannot change the value in this field.
Distributed Budget	This field is populated with the sum of all budget classes with Include in Budget selected. It encompasses classes with Obtain budget from set to Undistributed Budget, Over Target Baseline, or Management Reserve. You cannot change the value in this field.
Undistributed Budget	This field represents the Undistributed Budget (UB), which is authorized budget that has not yet been distributed to control accounts and work packages. The UB can be modified during Project Audit transactions and is affected by changes made to budget resource assignments where Obtain budget from is set to Undistributed Budget or Over Target Baseline. You cannot change the value in this field. You can modify the Estimate at Complete Undistributed Budget field.
Management Reserve	This portion of the project budget is specifically allocated to handle unforeseen or unplanned challenges. You can utilize these fields to input both the budgeted and estimated final Management Reserve (MR) for the project. Once the project log is activated, Cobra disables the Budgeted Management Reserve field. The value in this field represents the sum of the Management Reserve and the Over Target Baseline Management Reserve. You can modify the Estimate at Complete Management Reserve field.
Fee %	This is the management fee for the project, expressed as a percentage of the Contract Budget Baseline. Entering a value in this field displays the corresponding currency amount in the Fee Amount field.
Fee Amount	Cobra determines the amount displayed in the Fee Amount field based on the value you entered in the Fee % field. If you change the amount in this field, the value in the Fee % field will also change.
Target Price	This is the estimated Contract Target Price at the completion of the project. It is the sum of the Negotiated Cost and any management fees. You cannot change the value in this field.
Contract Ceiling	This field displays the Budgeted and Estimate at Complete Contract Ceiling amounts for the project.
Estimated Price	This field displays the Estimated Price for the project. This field is editable, but Cobra still calculates the Estimated Price value if you make changes to the Fee Amount or Most Likely value. Cobra calculates the Estimated Price value as follows: If you change the Fee Amount or the Most Likely value, Cobra recalculates the Estimated Price value. If you change the Fee Amount and Most Likely values and set a different Estimated Price value for the project, you need to edit the Estimated Price field and manually enter the amount.
Original Negotiated Cost	This field displays the budgeted value of the original contract's negotiated cost. Cobra uses this value in the Original Negotiated Cost section of the IPMR Format 3 report.
Total Over Target Baseline	This field displays the value of the Total OTB field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Distributed Over Target Baseline	This field displays the value of budget distributed in work packages using the class OT or any other class with Obtain budget from set to Over Target Baseline. This is reserved for budget entered as Over Target Baseline (OTB). Cobra automatically populates this field by summarizing the currency amounts of the OTB in the project. You cannot change the value in this field. Note: Beginning with Cobra 8.5 Cumulative Update 12, the OTB project header value from Cobra 8.4 backups will be recognized as Distributed Over Target Baseline. This means that if there were OTB values in the 8.4 project, opening the Project Audit Wizard would reconcile the Project OTB header with the correct OTB values in the log.
Undistributed Over Target Baseline	This field displays the value of the Undistributed OTB field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Over Target Baseline Management Reserve	This field displays the value of the OTB Management Reserve field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Cost Best Case	This field displays the Estimated Cost at Completion value for best-case forecasts. The value that you enter in this field is used in the Estimated Cost at Completion section of IPMR Format reports.
Cost Worst Case	This field displays the Estimated Cost at Completion value for worst-case forecasts. The value that you enter in this field is used in the Estimated Cost at Completion section of the IPMR reports.
Cost Most Likely	This field displays the Estimated Cost at Completion value for the most likely completion estimate for the project. Cobra uses the value in this field to calculate the Estimated Price for the project. The value entered in this field is used to calculate the estimated price.

Video

Title	Description
Using OTB in the IPMR Reports and IPMDAR Export	Learn how to implement an over target baseline for display in the IPMR Reports and the IPMDAR Export.

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Budget Tab of the Project Properties Dialog Box

Use this tab to enter Budget and Estimate at Complete values for the project. Cobra uses this information mainly to comply with EVMS reporting requirements. Cobra also uses this information in project logs as a change control mechanism and in the IPMR reports.

Use the fields on this tab if you plan to perform Earned Value Management System reporting or use the Project Audit Logging feature.

Contents

Field	Description
Negotiated Cost	Use this field to enter the target cost for the budgeted contract. Cobra disables this field once the project log is turned on.
Authorized Unpriced Work	Use this field to enter the amount of any Authorized Unpriced Work (AUW) for the project. AUW refers to any scope change for which authorization to proceed has been given, but for which the estimated costs are not yet settled.
Contract Budget Base	This field represents the Contract Budget Base (CBB) for the project. Cobra determines the CBB by combining the Negotiated Cost and the Authorized Unpriced Work (AUW). The CBB is not affected by the Over Target Baseline (OTB). You cannot change the value in this field.
Distributed Budget	This field is populated with the sum of all budget classes with Include in Budget selected. It encompasses classes with Obtain budget from set to Undistributed Budget, Over Target Baseline, or Management Reserve. You cannot change the value in this field.
Undistributed Budget	This field represents the Undistributed Budget (UB), which is authorized budget that has not yet been distributed to control accounts and work packages. The UB can be modified during Project Audit transactions and is affected by changes made to budget resource assignments where Obtain budget from is set to Undistributed Budget or Over Target Baseline. You cannot change the value in this field. You can modify the Estimate at Complete Undistributed Budget field.
Management Reserve	This portion of the project budget is specifically allocated to handle unforeseen or unplanned challenges. You can utilize these fields to input both the budgeted and estimated final Management Reserve (MR) for the project. Once the project log is activated, Cobra disables the Budgeted Management Reserve field. The value in this field represents the sum of the Management Reserve and the Over Target Baseline Management Reserve. You can modify the Estimate at Complete Management Reserve field.
Fee %	This is the management fee for the project, expressed as a percentage of the Contract Budget Baseline. Entering a value in this field displays the corresponding currency amount in the Fee Amount field.
Fee Amount	Cobra determines the amount displayed in the Fee Amount field based on the value you entered in the Fee % field. If you change the amount in this field, the value in the Fee % field will also change.
Target Price	This is the estimated Contract Target Price at the completion of the project. It is the sum of the Negotiated Cost and any management fees. You cannot change the value in this field.
Contract Ceiling	This field displays the Budgeted and Estimate at Complete Contract Ceiling amounts for the project.
Estimated Price	This field displays the Estimated Price for the project. This field is editable, but Cobra still calculates the Estimated Price value if you make changes to the Fee Amount or Most Likely value. Cobra calculates the Estimated Price value as follows: If you change the Fee Amount or the Most Likely value, Cobra recalculates the Estimated Price value. If you change the Fee Amount and Most Likely values and set a different Estimated Price value for the project, you need to edit the Estimated Price field and manually enter the amount.
Original Negotiated Cost	This field displays the budgeted value of the original contract's negotiated cost. Cobra uses this value in the Original Negotiated Cost section of the IPMR Format 3 report.
Total Over Target Baseline	This field displays the value of the Total OTB field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Distributed Over Target Baseline	This field displays the value of budget distributed in work packages using the class OT or any other class with Obtain budget from set to Over Target Baseline. This is reserved for budget entered as Over Target Baseline (OTB). Cobra automatically populates this field by summarizing the currency amounts of the OTB in the project. You cannot change the value in this field. Note: Beginning with Cobra 8.5 Cumulative Update 12, the OTB project header value from Cobra 8.4 backups will be recognized as Distributed Over Target Baseline. This means that if there were OTB values in the 8.4 project, opening the Project Audit Wizard would reconcile the Project OTB header with the correct OTB values in the log.
Undistributed Over Target Baseline	This field displays the value of the Undistributed OTB field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Over Target Baseline Management Reserve	This field displays the value of the OTB Management Reserve field on the Log Transaction page of the Project Audit Wizard. You cannot change the value in this field.
Cost Best Case	This field displays the Estimated Cost at Completion value for best-case forecasts. The value that you enter in this field is used in the Estimated Cost at Completion section of IPMR Format reports.
Cost Worst Case	This field displays the Estimated Cost at Completion value for worst-case forecasts. The value that you enter in this field is used in the Estimated Cost at Completion section of the IPMR reports.
Cost Most Likely	This field displays the Estimated Cost at Completion value for the most likely completion estimate for the project. Cobra uses the value in this field to calculate the Estimated Price for the project. The value entered in this field is used to calculate the estimated price.

Video

Title	Description
Using OTB in the IPMR Reports and IPMDAR Export	Learn how to implement an over target baseline for display in the IPMR Reports and the IPMDAR Export.