.
. Resources . Help . Help
. -
.
Index.Search
. .
Projects > [Name of project] > Pricing
.
Scenario | Job code estimates | Analysis
.
Project pricing lets you create pricing estimates for specific projects based on different staffing, rate, and time required scenarios, and automatically view the key financial analysis for the scenario. The "Pricing" link will only be visible for a project at a given stage if project pricing has been enabled for that stage. To enable this feature:
.
1) Click on the "Account" sub-tab from within any module.
.
2) Click on the "Project stages" link in the Project section.
.
3) Click on the name of the project stage.
.
4) Check the box to the left of "pricing."
.
5) Click "Save."
.
SCENARIO
.
To create a scenario:
.
1. Click on the Projects tab.
.
2. Click on the project name in the list.
.
3. Click on the "Pricing" link.
Note: Project pricing must be enabled in order for this link to appear. To enable this feature, follow the steps above. .
4. Click on the "Scenario" link. .
Note: You can allocate the amounts entered on this screen over a time period. To do so, click the "Click here to split all the amounts" tip at the very bottom of the page, and
follow the steps below. (If you do not see the tips, click the "Show tips" link.) .
5. Select the rate cards you wish to use to determine revenue based on standard and discounted rates, by selecting from the dropdown options in the first two boxes. The analysis will show both the gross revenue (from the standard rate card) and the difference in the discounted rate card. .
6. The "Get the revenue hours from" field determines the revenue portion of the analysis. Choose "Job code estimates" for a high-level, job-code-based labor revenue estimate, "Bookings" for a more detailed estimate, or Tasks for the most granular estimate. (If you want to split revenue over time, you must select "Bookings.") .
7. In the next two boxes enter any adjustments you wish to make for revenue from other sources or for investment absorptions. .
8. The "Get the hours from billable resource costs from" field determines the labor cost portion of the analysis. Choose "Job code estimates" for a high-level, job-code-based labor cost estimate, "Bookings" for a more detailed estimate, or Tasks for the most granular estimate. .
9. In the next three boxes enter any adjustments you wish to make for costs that are not re-billable to the client and therefore negatively impact the project's profit margin. .
10. If you have enabled multi-currency functionality, select the currency for the scenario. .
11. If desired, choose a percent probability of closing from the dropdown menu. This will be used when running the "Pricing analysis" Advanced project report. .
12. Enter any desired notes, and click "Save."
.
To split Scenario amounts over time:
.
Other gross revenue, investment absorptions, other billable costs, non-billable resource costs, non-billable expense costs can all be individually spread out over time as follows:
.
1. If necessary, click the "Click here to split all the amounts" link in the tips at the bottom of the page. The form will repaint with additional fields for date and amount in each "splittable" section.
.
2. For each section where you want to split the amounts over time, select the date and corresponding amount of money that you want to allocate for that time period. The first time period defaults to today's date. Note that for every date you choose, you must have a corresponding dollar amount or you will get an error message when you try to save the Scenario.
.
3. For any section whose amounts you do not wish to split over time, either delete the initial date or click the "un-split" link for that section. The form will repaint without the Date and Amount fields for that section only.
.
Note: You can add additional Date/Amount rows to any section from the "Add rows" dropdown box.
.
To modify a Scenario:
.
1. Click on the Projects tab and the appropriate project stage tab.
.
2. Click on the project name in the list.
.
3. Click on the "Pricing" link.
.
4. Click on the "Scenario" link.
.
5. Make your changes and then click on "Save."
.
up
JOB CODE ESTIMATES
.
Job code estimates enable you to specify the position levels or jobs required to complete the project, the number of individuals performing each job, and the average number of hours each of them will work. By combining this information with the rates and adjustments established in the Scenario section, you can run financial analyses on various estimate scenarios.
.
To create a Job code estimate:
.
1. Click on the Projects tab and the appropriate sub-tab.
.
2. Click on the project name in the list.
.
3. Click on the "Pricing" link, and then on the "Job code estimates" sub-link.
.
4. Complete the grid by selecting the appropriate Job codes from the "Job code" dropdown menu, indicating the number of individuals who will be deployed on the project at that job level, entering the average number of hours each of these individuals will work, and clicking "Save."
.
(Note: you can add more rows to the grid at any time by using the [Add rows] dropdown menu.)
.
To modify a Job code estimate:
.
1. Click on the Projects tab and the appropriate sub-tab.
.
2. Click on the project name in the list.
.
3. Click on the "Pricing" link, and then on the "Job code estimates" sub-link.
.
4. Change the desired fields, and click "Save."
.
ANALYSIS
.
By clicking on the "Analysis" link, you can see a financial snap shot of this scenario, including key revenue and cost parameters, discounts, profits and margins. By default, the analysis applies to the entire period of the project.
.
The snap shot dropdown menu lets you save a snap shot of the current analysis for later retrieval. It also lets you view previously created snap shots. To create a snap shot select "Create a snap shot" from the dropdown menu and enter a name in the window that pops up. To view an existing snap shot, select the appropriate snap shot from the menu.
.
When viewing a snap shot, you can change the name of the snap shot or delete it by selecting "Edit this snap shot" from the dropdown menu and clicking the appropriate button on the window that pops up.
.
When viewing a snap shot, details about the snap shot appear at the bottom of the report.
.
Note: If you are analyzing a "Bookings" Scenario, you can choose to split the analysis over time periods. To do so, click the "Options" link, select a time perio from the dropdown menu, and the start and end dates for the analysis. If you check the "Total by period" box, the report will show subtotals for each period, the total for the range specified and the total for the entire project.
.
Note: You can print a clean version of an analysis by clicking the "printable version" link at the top of the chart.
.
up
.
Index.Search