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