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Project Funds Check does not take account of Burden Costs

edited Sep 1, 2023 10:31AM in Project Management 6 comments

Summary:

Project Funds Check does not take account of Burden Costs

Content (required):

Hi,

A customer I support has Budgetary Control enabled, so that when they Baseline a Budget via Project Financial Management -> Projects -> Search for Project -> Tasks -> Manage Project Budget:

Then, two related Control Budgets are created automatically, and updated any time the Budget is baselined again:

Setup for the above 2 Control Budgets:

The problem is summarised by these basic examples:

Example 1

  • Budget £10,000
  • Raw cost £9,000
  • Burdening costs £1,260 (14% of raw cost)
  • Project is overspent by £260 but funds check would allow another £1000 spend (budget less raw costs).

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