Project Glossary
Attribute | Read/Write | Description |
---|---|---|
Name | RW | A short description. |
Planned Start | RW | The start date. Tasks that have ASAP constraint and no predecessors will start from this date. Changing this value will reschedule the project plan. |
Deadline | RW | The date beyond which the project cannot finish. |
Manager | RW | The primary project manager. |
Clients | RW | The project clients. Read More. |
State | RW | The project state. Read More. |
% Comp | R | The overall progress of the project. Read More. |
Actual Cost (ACWP) | R | The total cost incurred so far. It is the sum of actual costs of all its leaf tasks. |
Actual Effort | R | The total effort spent so far. It is the sum of actual effort of all its leaf tasks. |
Actual Revenue | R | The total bill amount to client. It is the sum of all bill amounts for all approved time and expenses in this project. |
Budget Health | R | The color coded health indicator of the project's progress with respect to cost. Read More. |
Invoiced Revenue | R | The total bill amount for which the client has been invoiced. It is the sum of all bill amounts for all invoiced time and expenses in this project. |
Planned Cost | R | This is the cost a project is expected to incur based on its plan. It is the sum of all planned costs for all its leaf tasks. |
Planned Effort | R | These is the total effort that must put in to complete the project as per its plan. It is the sum of planned effort of all its leaf tasks. |
Planned Finish | R | This is the maximum of the planned finish dates of its tasks. |
Planned Labor Revenue | R | The total revenue expected from this project. It is the sum of the planned labor revenues of its leaf tasks. |
Schedule Health | R | The color coded health indicator of the project's progress with respect to schedule. Read More. |
Actual Billable Hours | R | The total time that is billable and approved. |
Actual Finish | R | The date the last task was finished. It is the maximum of the actual finish dates of its tasks. |
Actual Fixed Cost | R | The fixed cost incurred on a project till date. It is the sum of actual fixed costs of all its leaf tasks. |
Actual Labor Cost | R | The total labor cost so far. It is the sum of all labor costs of all its leaf tasks. |
Actual Margin | R | The actual profit margin: Actual Profit ÷ Actual Revenue |
Actual Non-billable Expense | R | Sum of amounts of approved and non-billable expenses in this project. |
Actual Non-billable Hours | R | Sum of hours from approved and non-billable time entries in this project. |
Actual Non-billable Labor | R | Sum of bill amounts from approved and non-billable time entries in this project. |
Actual Non-labor Cost | R | Sum of amounts of costable expenses in this project. |
Actual Profit | R | Actual Revenue - Actual Cost |
Alignment | RW | A number between 0 and 100 that reflects how closely this project's requirements fit within the organizations business, goals, skill sets, and resources. Higher number means better alignment. |
BCWP | R | Budgeted Cost of Work Performed. Read More. |
BCWS | R | Budgeted Cost of Work Scheduled. Read More. |
Baseline % Comp | R | The expected % complete of the project based on the baseline. |
Baseline Budget | R | The budget of the project when it was baselined. |
Baseline Cost | R | The planned cost of the project when it was baselined. |
Baseline Deadline | R | The deadline date of a project when it was baselined. |
Baseline Deadline Variance | R | The difference in days between the current and baseline deadline. |
Baseline Effort | R | The planned effort when the project was baselined |
Baseline Effort Variance | R | The difference between the planned and baseline effort |
Baseline Finish | R | The project's planned finish date when it was baselined. |
Baseline Finish Variance | R | The difference between the project's planned and baseline finish date. |
Baseline Start | R | The planned start date of the project when it was baselined. |
Baseline Start Variance | R | The difference in days between the planned and baseline start. |
Benefit | RW | A number between 0 and 100 that reflects the potential for financial or operational gain upon successful completion. Higher number means more benefit. |
Billing Type | RW | The default billing type of new tasks. If billing type is Time & Material, new time logs will automatically be marked as billable. If Fixed Price, then they will be marked as non-billable. |
Budget | RW | The budget of a project - typically planned cost + buffer |
CPI | R | Cost Performance Index. Read More. |
Code | RW | This is a short alpha numeric code that identifies the project. This code should be unique across the company and has to be entered manually. This is useful if you refer to projects with a code. You can also search for projects using the project code. |
Cost Variance | R | BCWP - ACWP |
Created | R | Date on which the project was created. |
Creator | R | User who created the project. |
Description | RW | A detailed description of the project. |
Fixed Price | RW | The fixed price of the project (only applicable when Billing Type is Fixed Price) |
ID | R | The primary key of the project record in the database. |
Invoiced Expense | R | The sum of all invoiced expenses for this project. |
Invoiced Hours | R | The total hours for invoiced time. |
Invoiced Labor | R | The total bill amount of invoiced time |
Last Modified | R | The date on which the project was last edited or some attribute was modified. |
Planned % Comp | R | The expected percent complete based on the plan. |
Planned Fixed Cost | R | The total fixed cost of the project. It is the sum of fixed costs of all its leaf tasks. |
Planned Labor Cost | R | This is the total estimated labor cost of all the tasks in the project. |
Planned Margin | R | The profit margin as per plan. Margin = Planned Profit ÷ Planned Revenue |
Planned Non-Labor Cost | R | The total estimated non-labor cost (e.g. travel, food, software, etc.). It is the sum of planned non-labor costs of all its leaf tasks. |
Planned Profit | R | Planned Revenue - Planned Cost |
Planned Revenue | R | If the project's billing type is Fixed Price then it is the sum of the planned revenue of all its leaf tasks. |
Priority | RW | One of the following Very Low, Low, Normal, High, Very High. |
Projected Cost | R | The expected total cost of a project based on its current rate of spend. It is the sum of projected costs of all its leaf tasks. |
Projected Finish | R | The date on which the project is expected to finish based on the current rate of progress. It is max of the project finish dates of its leaf tasks. |
Projected Hours | R | The total hours this project will require to finish based on the current rate of progress. It is the sum of projected hours for all its leaf tasks. |
Remaining Hours | R | PlannedHours - ActualHours |
Risk | RW | The potential negative impact that may arise from this project. |
SPI | R | Schedule Performance Index. Read More. |
ScheduleVariance | R | BCWP - BCWS. Read More. |
Team | RW | The pool of users working on this project. Read More. |
Type | RW | One of your project types. Read More. |
Work Calendar | RW | Project's work calendar. Tasks that do not have a resource are scheduled based on this calendar. All dates in the interactive Gantt chart are shown with respect to this work calendar's time zone. Read More. |