Project Funds Check does not take account of Burden Costs
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).
Tagged:
0