| Labor cost | Labor revenue | |
|---|---|---|
| Forecast | Planned effort of the resources/profiles assigned to the project X cost rate | Planned effort of the resources/profiles assigned to the project X selling rate |
| Estimate | Planned effort of the resources/profiles assigned to the task X cost rate | Planned effort of the resources/profiles assigned to the task X selling rate |
| Actual | Planned effort of the resources/profiles assigned to the project X cost rate | Planned effort of the resources/profiles assigned to the project X selling rate |
| Field | Description |
|---|---|
| Category | Project expense head. Available only when the Account Head check box is selected while creating the charge code in the application admin area. |
| Forecast | Forecasted cost for an account head in a project. |
| Estimate | Expenses estimated an account head in a project. |
| Actual | Actual cost incurred for an account head in a project. |
| Forecast variance | Difference between forecast and actual cost. Forecast variance = Forecast - Actual Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |
| Estimate variance | Difference between estimate and actual cost. Estimate variance = Estimate - Actual Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |
| Total cost | Sum of all the cost rows excluding labor revenue. |
| Margin | Difference between total cost and labour revenue. Margin = total cost - labour revenue Positive value, number greater than zero is favorable and negative value, number less than zero is less favorable. |