+1Hello everyone,
I’ve noticed that the Planned Cost field in the Margin section is editable but does not seem to be directly linked to the cost elements added in the Monitoring section.
Looking forward to your insights and suggestions!
Best regards,
+16Hi
The Planned Cost and the Planned Revenue value you enter in the Margin tab are only for information purposes. Based on these values the Planned Profit and Margin are calculated.
The main usage of this is to define a ballpark total revenue and a cost for the project, at the very beginning of the project. This has no link with the Planned Costs that are derived from the project connected objects, resources, hours, etc.
However, when you progress through the project the Actuals will start to accumulate and you will be able to make comparisons against your initial Revenue/Cost estimates. This will help in realising whether the project is on the track of achieving the margins/profits you have initial planned for.
+4Hi all, the Planned revenue and costs are inherited to the financial project and base for the POC calculation. We have two things to differenciate:
1. Estimates in the Cost and Revenue tab in the Project Monitoring
What is the correct handling for both values? I mean the Estimates are fine, but who should be allowed to change the Planned Revenue and the Planned costs? Is this always a manual step? Which seems for me very dangerous, because this is the bases of the calculated cost and revenue at month end for the company?
Best Regard,
Ben
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