Financials
Budgets, rates, billing types, expenses, and profitability — what they are and how to set them up.
- What is a budget?A Budget in Operating is the agreed monetary value of an engagement — the financial target a project is planned and measured against.
- What are the billing types?
- Budgeting and profitability: a worked exampleHow Operating calculates project profitability — the formulas behind gross profit and margin, what to watch by billing type, and how time off and the burnup chart fit in.
- How does Operating decide which rate to use?How Operating resolves the billing rate for each Position — checking from the most specific source down to a global fallback, in a fixed order.
- How does Operating decide the cost rate?How Operating resolves the internal cost rate for each Person on a Position — checking from the most specific source down to a site-based default, in a fixed order.
- Understanding expenses in Operating
- How to set up a time-and-materials (per-hour) projectSimple project setup for per-hour work
- How to set up a fixed-price projectThere are things to pay attention to when planning fixed-price projects.
- How to add expenses and expense budgets