Labor Tab of the Budget Form

Use this tab to enter budget hours and amounts for labor on a project and to track performance against the budget. You can only enter budget values for the lowest level work breakdown structure (WBS) elements.

Your labor budgets are based on labor codes. If Vantagepoint is not set up to use labor codes, this tab is not available.

In addition to the budget items that you enter, the grid may also automatically display labor code rows that have no budget data but have posted job-to-date (JTD) hours and amounts. Vantagepoint does this to alert you that posted time records exist for labor codes for which there are no budget amounts. Note that these rows are not actually part of the budget unless you make some change to them to trigger a save. Because of that, if you copy the budget from the WBS element into the budget for another WBS element, those rows that have not yet been saved as part of the budget will not be copied.

Above the Grid

Field	Description
Start Date	Select the start date for work on the WBS element. You can also select this date on the Expenses + Consultants tab.
End Date	Select the end date for work on the WBS element. You can also select this date on the Expenses + Consultants tab.
Overall Percent Complete	Enter an overall percent complete (for labor and expenses combined) for the WBS element. If you enter a percentage, that percentage overrides the overall percent complete that Vantagepoint calculates.
Labor Percent Complete	Enter a percent complete for labor for the WBS element.

Labor Budget Grid: Cost or Burdened Cost Budget

Some or all of these columns can be displayed in the grid when Show is set to Cost or Cost/Burden. The column headings for some columns vary depending on whether or not Enable Reporting at Burdened Rates is Yes on the Labor Options settings form (Settings > Accounting > Labor Options).

The available columns also depend on the options that are selected on the Budget settings form (Settings > Project > Budget).

When you display cost or burdened cost budgets, some information may not display if your security role does not provide access rights to labor cost rates and amounts or labor burdened rates and amounts.

Field	Description
Labor Code	Select the labor code for which you want to enter budget information. If the Include Job-to-Date option is selected on the Budget settings form to display actual JTD posted hours and amounts, and JTD values exist for the labor code, you cannot select a different labor code for the row.
Description	This field display a description of the labor code.
% Complete	Enter your estimate of the percentage of work that has been completed on the WBS element for this labor code. You should update the percent complete on a regular basis.
Hours	Enter the budgeted number of hours for work to be performed under the labor code for the WBS element.
Cost Rate or Burden Rate	Enter the cost rate or burdened cost rate for work to be performed under the labor code for the WBS element.
Budgeted Cost or Budgeted Burden	If you enter hours and rate, Vantagepoint calculates the cost or burdened cost budget amount for the labor code for the WBS element. You can enter an amount to override the calculated amount. If you enter hours and an amount, Vantagepoint calculates the rate.
EAC Hrs Budgeted	Enter your estimate of the total number of hours that will have been worked for the labor code and WBS element at the completion of the project. This column is only available if the Show Estimate-at-Completion option is selected on the Budget settings form.
EAC Budgeted Cost or EAC Budgeted Burden	Enter your estimate of the total cost amount or burdened cost amount that will have been incurred for the labor code and WBS element at the completion of the project. This column is only available if the Show Estimate-at-Completion option is selected on the Budget settings form.
ETC Hours Budgeted	Enter your estimate of the total additional hours, beyond those worked to date, that are required to complete the work for this labor code and WBS element. This column is only available if the Show Estimate-to-Complete option is selected on the Budget settings form.
ETC Budgeted Cost or ETC budgeted Burden	Enter your estimate of the total additional cost amount, beyond that incurred to date, that is required to complete the work for this labor code and WBS element. This column is only available if the Show Estimate-to-Complete option is selected on the Budget settings form.
Start Date	Specify the start date for work on this labor code for the WBS element. This column is only available if the Show Detail Start and End Dates option is selected on the Budget settings form.
End Date	Specify the end date for work on this labor code for the WBS element. This column is only available if the Show Detail Start and End Dates option is selected on the Budget settings form.
JTD Hours	This column displays the actual JTD posted hours for this labor code and WBS element, as of the current date. This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
JTD Cost	This column displays the actual JTD posted cost amount for this labor code and WBS element, as of the current date. If your enterprise uses multiple currencies, this amount displays in the project currency. This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
Budgeted Less JTD Cost	This column displays the difference between budgeted cost and JTD cost for the labor code and WBS element, as of the current date. This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
	To delete a budget row, click or hover over the row and click at the end of the row. If the Include JTD option is selected on the Budget settings form to display actual JTD hours and amounts, and JTD values exist for the labor code, you cannot delete the labor code budget row.
Add Labor	Click this link to add a blank row so you can enter budget information for another labor code for the currently selected WBS element.

Labor Budget Grid: Billing Budget

Some or all of these columns can be displayed in the grid when Show is set to Billing. The available columns also depend on the options that are selected on the Budget settings form (Settings > Project > Budget).

Field	Description
Labor Code	Select the labor code for which you want to enter budget information. If the Include JTD option is selected on the Budget settings form to display actual JTD posted hours and amounts, and JTD values exist for the labor code, you cannot select a different labor code for the row.
Description	This field display a description of the labor code.
% Complete	Enter your estimate of the percentage of work that has been completed on the WBS element for this labor code. You should update the percent complete on a regular basis.
Hours	Enter the budgeted number of hours for work to be performed under the labor code for the WBS element.
Billing Rate	Enter the budgeted billing rate for work to be performed under the labor code for the WBS element.
Budgeted Billing	If you enter hours and rate, Vantagepoint calculates the billing budget amount for the labor code for the WBS element. You can enter an amount to override the calculated amount. If you enter hours and an amount, Vantagepoint calculates the rate.
EAC Hrs Budgeted	Enter your estimate of the total number of hours that will have been worked for the labor code and WBS element at the completion of the project. This column is only available if the Show Estimate-at-Completion option is selected on the Budget settings form.
EAC Budgeted Billing	Enter your estimate of the total amount that will have been billed for the labor code and WBS element at the completion of the project. This column is only available if the Show Estimate-at-Completion option is selected on the Budget settings form.
ETC Hours Budgeted	Enter your estimate of the total additional hours, beyond those worked to date, that are required to complete the work for this labor code and WBS element. This column is only available if the Show Estimate-to-Complete option is selected on the Budget settings form.
ETC Budgeted Billing	Enter your estimate of the total additional billing amount, beyond that billed to date, that is required to complete the work for this labor code and WBS element. This column is only available if the Show Estimate-to-Complete option is selected on the Budget settings form.
Start Date	Specify the start date for work on this labor code for the WBS element. This column is only available if the Show Detail Start and End Dates option is selected on the Budget settings form.
End Date	Specify the end date for work on this labor code for the WBS element. This column is only available if the Show Detail Start and End Dates option is selected on the Budget settings form.
JTD Hours	This column displays the actual JTD posted hours for this labor code and WBS element, as of the current date. This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
JTD Billing	This column displays the actual JTD billing amount posted for this labor code and WBS element, as of the current date. If you use multiple currencies, the currency for this amount is either the project currency or the billing currency, depending on whether or not the Use Billing Currency not Project Currency option is selected on the Labor Options form (Settings > Accounting > Labor Options). This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
Budgeted Less JTD Billing	This column displays the difference between the budgeted billing amount and the JTD billing amount for the labor code and WBS element, as of the current date. This column is only available if the Include Job-to-Date option is selected on the Budget settings form.
	To delete a budget row, click or hover over the row and click at the end of the row. If the Include JTD option is selected on the Budget settings form to display actual JTD hours and amounts, and JTD values exist for the labor code, you cannot delete the labor code budget row.
Add Labor	Click this link to add a blank row so you can enter budget information for another labor code for the currently selected WBS element.