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This setting is one of the most fundamental in Projector. It applies to Fixed Price contracts and is designed to support the standard accounting practice of recognizing revenue in accordance to how much work has been completed. This percent complete method requires that you have a plan in the form of booked hours. Booked hours represent the work you plan to do and when you will do it. That way Projector can look at what you have done, what you plan to do, and determine how far along you are. Projector uses one of three methods to determine how 'done' you are. Each is explained in the table below along with an example.

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  • UBH for Yield based reportsYield based utilization compares the number of hours someone worked vs. what you expected them to work. So if Charlie bills 30 hours and is expected to bill 40 hours then his yield utilization is 75%.
  • Calculating the RDC of a resourceRDC of a resource depends on whether the resource is salaried or hourly. For this example, let's assume salaried. If Charlie is paid $100 an hour and has 40 hour work week, then his cost is $4k. 


Tip
titleWhat's your basis?

A quick way to figure out what your organization should choose is to ask yourself what a typical resource's basis hours are. For example, 2080 hours a year represents normal working hours for a 40 hour per week resource.

Basis HoursWork WeekChoice
208040 hourNormal Working Hours
196040 hour w/ 3 weeks vacationNormal Working Hours - Time Off
188040 hour w/ 3 weeks vacation and 10 holidaysNormal Working Hours - Time Off - Holidays
182035 hourNormal Working Hours
168035 hour w/ 4 weeks vacationNormal Working Hours - Time Off
133035 hour w/ 4 weeks vacation and 10 holidaysNormal Working Hours - Time Off - Holidays



The common factor in both cases is the number of hours that Charlie is expected to work in a week, 40 hours. And that is exactly where your choice for this setting comes in. Let's look at two different cases and just focus on billable utilization (case 1). In a week with no time-off and no vacation we've already established that Charlie had 75% utilization for billing 30 of 40 hours. But now let's say there is a holiday that week. You can look at it in two ways:

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