Project Profit Calculations

If your company charges customers for projects, you can measure your profit by measuring your project revenue less your project costs. Profit numbers are available on the project report. The different profit measurements are:

Profit - Actual (and related %)

Calculation

Target Billable Total - Actual Total

Common Uses

Used mostly for fixed price contracts, this is the actual profit you made on the project. This measurement is only relevant when the project is 100% complete

Profit - Forecasted (and related %)

Calculation

Target Billable Total - Work Estimate At Completion

Common Uses

This is the profit forecasted for the project once the project is in execution mode

Profit - Forecasted CPI (and related %)

Calculation

Target Billable Total - Work Estimate At Completion (CPI)

Common Uses

This is the profit forecasted for the project once the project is in execution mode, taking into account the project's performance index

Profit - Planned (and related %) 

Calculation

Target Billable Total - Work Total

Common Uses

Used mostly for fixed price contracts, this is the expected profit you should get from the project

Profit - Project (and related %) 

Calculation

Work Billable Total - Work Total

Common Uses

Used mostly for time & materials projects. This is the planned profit based on your project schedule

Profit - Target (and related %)

Calculation

Target Billable Total - Target Total

Common Uses

Profit you are targeting at the overall project level. These values are input in the project add/edit screen