Story So Far Margin Based Overview

There are different versions of the Story So Far that are available based on your CMap set-up. The Story So Far (Margin Based) option provides a summary of the key project financials at a glance and it provides a forecasted prediction of the estimated profit margin and profit margin percentage you can expect to achieve. This article provides an overview of the calculations included in the Margin Based version of the Story So Far.

In this article, we’ll look at:

  • Margin Based Story So Far
  • Original Plan

Margin Based Story So Far

The Story So Far provides a summary of the key financial information on a project at a glance. Here, you can compare budget against actual costs to date and future projects costs.

Field

Calculation

Total Fee

Hours budgeted x Role Charge Out Rate + Adjustments

Total Additionals

Total of Sale price of Additionals

Total Budget

Total Fee + Total Additionals

Time Cost to Date

Booked hours x Role Cost Rate

Future Scheduled Time Cost

Scheduled Hours x Cost Rate

Additionals Cost

Total of Cost price of Additionals

Future Additionals Cost

Additionals Cost– The actual value of incurred additional costs to date

Estimated Profit

 

Total Budget - (Time Cost to Date + Future Scheduled Time Cost + Additionals Cost + Future Additionals Cost)

Estimated Profit Margin

(“Estimated Profit” / “Total Budget”) * 100

Percent Complete

The projects current percent (%) complete value

Invoiced to Date

 

The total Value of all Invoiced or paid Invoicing against the project

Original Plan

The Original Plan provides a snapshot of what the project figures were at the time the project was won. This enables you to look back to what the original profit margin was on the project before any changes were made after the project was won.

Field

Calculation

Time Fee

Hours budgeted x Role Charge Out Rate + Adjustments

Additionals - Sale Price

Total of Sale price of Additionals

Total Project Price

Time Fee + Additionals - Sale Price

Time Cost

Hours budgeted x actual Role Cost Rate

Additionals - Cost Price:

Total of Cost price of Additionals

Total Cost

Time Cost + Additionals - Cost Price

Estimated Profit

Total Project Price – Total Cost

Estimated Profit Margin

(“Estimated Profit” / “Total Project Price”) * 100

 

Updated

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