Field Definitions: PM Revenue Projection Options Form

The following is a list of field descriptions for the PM Revenue Projection Options form.Many of the descriptions include links to other topics that provide additional information about or related to the topic.

Write Over Plugged Values

Specify how to handle plugged values when initializing projections.

  • Never — Never calculate projected revenue units and dollars for a contract item that has been previously plugged.

  • Always — Always calculate projected revenue units and dollars for a contract item, regardless of whether previous plugged values exist.

If you are using the ‘Units from Cost Projections’ projection method, plugged values for contract items with a LS unit of measure will be left intact, regardless of whether you specify to ‘always write over plugged values’.

Projection Methods

Units from Cost Projections

Select this option to calculate revenue projections based on cost projected units from JCCD (Cost Detail). Calculation will include projected cost units for all phases/cost types assigned to a contract item where the cost type UM equals the contract item's UM and the cost type's Item Unit Flag is checked. If cost projected units are 0.00, projected revenue units will be set equal to the current contract. units

If the unit of measure for the Contract Item is not the same as the Job Phase Cost Header (JCCH) unit of measure, revenue projected units and dollars will be calculated as follows:

Revenue Projected Units = (Cost Projected Units \ Cost Current Estimate Units) * Contract Item Current Contract Units

Revenue Projected Dollars = Revenue Projected Units * Contract Item Unit Price

(Cost Projected Units and Cost Current Estimate Units are based on cost types with the Item Unit flag checked).

You will typically only use this option for unit-based contracts where contract units are likely to change, and only if cost projections have been done and projected units modified (plugged).

Billed Units and Dollars

Select this option to calculate revenue projections based on all billing units and dollars through the month and date specified.

You will typically use this option at the end of a job (i.e. job closeout) when you want the revenue projected units and dollars to be equal to the billed values.

Actual Cost Plus Markup Percent

Select this option to set projected revenue equal to the actual costs plus markup (specified below). If a markup percent is not specified, projection values will be set equal to actual costs.

You will typically use this option for T&M projects. Since projection information is used on WIP reports, this will allow revenue to be set to cost plus the specified markup on the reports.

Projected Cost Plus Markup Percent

Select this option to set projected revenue equal to the projected costs plus markup (specified below). If a markup percent is not specified, projection values will be set equal to projected costs.

You will typically use this option for T&M projects. Since projection information is used on WIP reports, this will allow revenue to be set to projected cost plus the specified markup on the reports.

Markup Percent

Enabled only for ‘Actual Cost Plus Markup Percent’ and ‘Projected Cost Plus Markup Percent’ projection methods.

Specify the percent of markup to add to actual or project cost values when calculating revenue projections, or enter 0.00 to set revenue projections equal to cost. (Example: Enter 10% as 10.00.)

Include Contract Item Bill Types

The Include Contract Item Bill Types radio options on the PM Revenue Projection Options form.

  • All – Select this option to calculate projections for all contract items, regardless of bill type (i.e. Progress, T&M, Both, and None).

  • Progress – Select this option to calculate projections for only those contract items with a 'Progress' bill type.

  • T&M and Both – Select this option to calculate projections for only those contract items with a 'T&M' or 'Both' bill type. You will typically select this option if you are using the 'actual cost plus markup' projection method.

Beginning Item

Specify the beginning and ending item in a range of contract items for which to initialize revenue projections.

If you specified a range of departments above, the calculation process will only include contract items within this range that are assigned a department within the range of departments specified above.

Ending Item

Specify the beginning and ending item in a range of contract items for which to initialize revenue projections.

If you specified a range of departments above, the calculation process will only include contract items within this range that are assigned a department within the range of departments specified above.

Beginning Department

Specify the beginning and ending department in a range of departments for which to calculate revenue projections. The calculation process will include only those contracts/contract items within the specified contract/contract item range that are assigned a department within this range.

Ending Department

Specify the beginning and ending department in a range of departments for which to calculate revenue projections. The calculation process will include only those contracts/contract items within the specified contract/contract item range that are assigned a department within this range.