Budgeted Days: Number of resource days provided in the project settings tab
Budgeted Amount: Dollar amount provided in the project settings tab
Confirmed Hours: Hours confirmed by each person on their Personal page. Confirmed hours may be the same, more, or less than planned hours.
Unconfirmed Hours: Hours that are originally planned, but they are not confirmed by the person.
Incurred Hours = Confirmed Hours + Unconfirmed Hours:
This is the actual amount of time that has been worked on the project up to the current point in time. The assumption in 10,000ft is that unconfirmed hours were actually worked as planned. This assumption provides a status of the project against the schedule. In Account Settings you can choose to only consider Confirmed Hours in the calculations.
Work Hours in a Day: Number of standard hours per workday provided in the account settings. The default is 8 hours per day.
Work Days in a Week: Number of standard days provided in the account settings. The default is 5 days per week.
Incurred Days: the sum of all (Incurred Hours / Work Hours in a Day) for each team member
Incurred Amount: the sum of all (incurred hours * bill rate) for each team member
Leave Types: This is a customizable list of events such as, vacation, parental leave, PTO, etc. that can be specified in the Settings. These events can be assigned to people but will not be subtracted from the available hours for that person.
Non-Work Days: All calendar days where there is no work planned. There are two types included:
- Weekends: When workdays in a week is set to 5.
- Official Holidays: This is a customizable list of official holidays that can be specified in the Settings.
Assigned Days = Assignment End Date – Assignment Start Date – Non-Work Days:
This is the number of working days planned for an assignment. Both the start and end date are considered to be part of the assignment.
Allocation: Percentage of time that a person is planned to work on an assignment. By default this is 100%.
Bill Rate: Dollar amount per hour for a team member. This is specified in one of three areas - Account Settings, Project Settings, or Profile Settings.
Future Scheduled Days: the sum of all the planned working days (Assigned Days * allocation) for each team member. This includes “today”.
Assigned Hours: Assigned Days / Work Hours in a Day
Future Scheduled Amount: the sum of all the planned budget (Assigned Hours * Allocation * Bill Rate) for each team member. This includes “today”.
Days Over/Under Budget = Budgeted Days – (Future Scheduled Days + Incurred Days):
The number of days projected to go over or under the allocated budget.
Amount Over/Under Budget = Budgeted Amount – (Future Scheduled Amount + Incurred Amount):
The dollar amount projected to go over or under the allocated budget.