8. Budget vs Actual

This page gives you an overview of the financials on a project.

On the left of the screen, a graph illustrates the progress of the stages of a project against its budget. 

The Key for the Graph is as follows:

Blue:	Total Budget for the Project.
Yellow:	Percentage Complete (changed by the Progress Percent Sliders underneath)
Green:	Actual value of the number of hours given to the project to date (taken from live Timesheets and inputted time)
Red:	Over on value of hours.

Underneath the graph, there are a number of headings.

The Budget vs Actual Breakdown section illustrates the breakdown of the information in the graph above. How the Budgeted time for the project compares with the Actual time taken and the cost of this time.

Below this are Additional Costs, Unhandled Expenses and Handled Expenses.  These refer to any unbudgeted costs against the project.

If you read the headings under Budget vs. Actual Breakdown from left to right, they go as follows:

Name of the Fee Estimator Tab:	The name of the Stage.
Progress:	The percentage that the project is complete.
Budgeted Hours:	How many hours work have been budgeted against the project.
Budgeted Value (GBP):	The budgeted value of this work.
Actual Hours:	How many hours have been worked on this project up until now.
Actual Value (GBP):	The value of those hours that have been worked.

NOTE:  As standard, the percentage complete slider relates to each task in the project.  If you'd prefer to update your percentage complete slider at the stage level rather than the task level, let us know and we'll make the change to enable you to do just that.

On the right hand side of the screen, there are headings for More Information and Story So Far, giving the user even more information about the project.

Under the More Information section, you will find the Project Time & Expense Report.

The Story So Far part gives an overview of how the project is going to date.  It gives the user a quick view of whether the project is currently working to budget or not.