KPIs

Planned Project Cost

The approved budget to complete planned activities and deliverables. The cost includes projected expenses for resources, materials, labor, tools, services, and contingencies. This cost serves as a base to monitor, control, and compare actual project spending throughout the project lifecycle.

The cost can be calculated using this formula: Total Costs Planned = Sum (material cost, labor cost, other cost, overhead cost, general and administration cost)

Planned Project Revenue

The approved estimate of income for a project. The estimate is based on contracts, pricing agreements, planned deliverables, and schedules. The project revenue supports tracking financial performance and profitability against actual revenue.

Planned Project Margin %

The estimated percentage of project revenue remaining after planned direct costs. This value is calculated during the project planning and can be used as a benchmark to calculate project profitability.

The gross margin can be calculated using this formula: Gross Margin= (Total Planned Revenue – Total Planned Cost)

Actual Project Cost

The total cost spent for a project at a specific time. The cost includes labor, materials, resources, services, and overhead. The cost can be used to compare planned or budgeted costs to measure cost performance and control.

The total cost can be calculated using this formula: Total Project Cost = Sum (material, labor, overhead, other, general and administration costs)

Actual Project Revenue

The income earned from a project based on work delivered and accepted by the customer during a specific period.

Actual Gross Margin %

The profit earned for a project, product, or service after the direct costs are removed. The cost is expressed as an amount or a percentage. This cost reflects financial performance rather than planned or forecasted results.

The cost can be calculated using this formula: Gross Margin= (Total Actual Revenue – Total Actual Cost)

Estimate at Completion %

The estimated total project cost is expressed as a percentage of the approved budget. The percentage indicates the amount of budget the project used by the project based on current performance and forecasts.

The total cost can be calculated using this formula: Total Planned Revenue / Total Actual Revenue * 100 %

Work In Progress

The costs and revenue earned for project work that is in progress.