Projects Domain

The Projects domain includes modules and applications that assist you in setting up your projects and tracking your projects' financial progress.

Module Application Functions

Project Setup

  • Enables quick and easy setup for all project types.
  • Provides roll-up capabilities with a detailed Work Breakdown Structure (WBS) for any project level.
  • Establishes and maintains company-wide settings and codes for projects.
  • Initializes labor categories and billing rates.
  • Sets up revenue calculation methods.
  • Enters data and inquires on project history.
  • Sets up project values and unit pricing.

Advanced Project Budgeting

  • Creates and maintains budgets for each project.
  • Structures costs (direct, labor, unit, and subcontractor) to incorporate indirect costs (fringe, overhead, general and administrative, and others), using specific multipliers to mark up these costs.
  • Creates baseline and workplan budgets by project.
  • Enables easy tracking using each project's original budget as the baseline and each revision as a new version of your project's workplan budgets.

Budgeting and ETC

  • Enters and maintains Estimate-to-Complete (ETC) amounts for projects, organizations, and accounts.
  • Creates total budgets for tracking direct, indirect, fee, and cost of money amounts, as well as budgeted costs for projects and organizations regardless of the lifespan of a particular project.
  • Updates incurred amounts on ETCs with inception-to-date actual costs from the project ledger.
  • Creates and updates Latest Revised Estimate at Completion (LREAC) amounts from project budgets.
  • Creates tables for ETC reports and inquiries, using information from ETC maintenance screens and amounts and hours submitted for project total budgets.

Cost and Revenue Processing

  • Establishes cost pools, allocation groups, and pool processing sequences.
  • Computes burden cost, revenue, billing value of cost incurred, multi-job allocations, and rates and cost allocations for both pools and service centers.
  • Loads labor rates, applies discount amounts, and posts revenue and inter-company journals.
  • Handles more indirect cost allocation methodologies than any other software solution and provides sophisticated revenue calculations for numerous project types, including time and materials, fixed price, multipliers, and reimbursable costs.

Project Inquiry and Reporting

  • Computes and prints commitments for purchase requisitions and purchase orders.
  • Produces reports that accurately predict General Ledger charges and future financial obligations.
  • Creates analysis, summary, and worksheet report tables necessary for specific project reports.
  • Reviews project costs and revenue without printing reports.
  • Researches potential revenue problems and reviews project ledger information.

Billing

  • Automatically produces the types of standard billings most commonly required by project-oriented organizations, and provides extensive flexibility for creating cost-based, hours-based, unit-based, or generic billings.
  • Creates project product, customer product, manual, standard, and milestone/percent complete bills in any currency.
  • Prints supporting schedules for labor or other costs for standard bills only.
  • Provides standard billing computations and formats for billings to the United States government.
  • For users of the government's Invoicing, Receipt, Acceptance and Property Transfer (iRAPT) system, creates FTP files to upload invoices to the iRAPT (standard bills and progress payment bills only).
  • Using the ACRN (Accounting Classification Reference Number), invoices data at the billing level for projects that are calculated using the Calculate Standard Bills application (standard bills only). Manual and progress payment invoices are not included. The ACRN functionality in Costpoint is compatible with iRAPT functionality, but only for standard invoices.
  • Integrates seamlessly with Costpoint Projects, Accounts Receivable, Product Definition, and Sales Order Entry.

Subcontractor Management

  • Allows companies to better manage subcontractor agreements
  • Provides prime contractors the ability to search and source subcontractor resources (vendor employees) with the correct skills, training, and security requirements. They can bring those resources onboard much like regular employees, capturing their time and billing the project based on the resources' time. They can use Time & Expense to record and approve the subcontractor resources' labor/expenses, and use Costpoint to create subcontractor invoices for the services provided.
  • Creates and maintains work assignments, which contain the business rules that define the items and subcontractor resources that can charge against the subcontractor agreement purchase orders in Deltek Time & Expense
  • Creates and maintains subcontractor invoices
  • Prints detailed information about work assignments

NASA 533s

  • Provides comprehensive contractor performance data in a variety of formats for analysis by the NASA Finance Office.
  • Produces 533M and 533Q reports in the formats required by NASA, using the same setup and maintenance screens for simplicity and data integrity.
  • Offers customizable data display for each report.

Inter-Company Work Orders

  • Facilitates setup, processing, and transfer of Inter-Company Work Order (IWO) information.
  • Creates, maintains, exports, and imports IWO allocations and posts to the IWO Journal.