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This setting is one of the most fundamental in Projector. It applies to Fixed Price contracts and is designed to support the standard accounting practice of recognizing revenue in accordance to how much work has been completed. This percent complete method requires that you have a plan in the form of booked hours. Booked hours represent the work you plan to do and when you will do it. That way Projector can look at what you have done, what you plan to do, and determine how far along you are. Projector uses one of three methodsSystem Settings Editor Reporting Tab to determine how 'done' you are. Each is explained in the table below along with an example.
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Percent Complet Method | Description | Example |
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| Person Hours | The simplest of the three options, all hours are created equal. Work by your CEO will earn revenue at the same rate as work done by an intern. | $100k contract for 100 hours. Each hour of work earns $1k of revenue. |
| Resource Direct Cost | The internal cost of each employee determines the proportion of revenue allocated to them. RDC is determined at the installation level in the RDC Editor. If two people work equally on a project, but one of them is paid twice as much, then the higher earner will have 2/3rds of the revenue resource cost associated with them.When the work is performed also determines where the revenue lands. For example, if the higher cost employee works more at the beginning of the project than his coworker, then a higher proportion of the revenue is allocated to the beginning of the project. | $100k contract for 100 hours.
Senior consultant will earn cost $66k of revenue to the junior's $33k. |
| Contract Revenue | The expected billing rate for each employee determines the proportion of revenue allocated to them. Contract rates can be looked up on the rates tab of the Project Editor or the rates tab of the Role Editor. See How are rates applied to time cards? for a detailed explanation of where and how rates are applied.This works the same as for Resource Direct Cost, but contract rates are used instead. If two people work equally on a project, but on a T&M basis one of them charges twice as much, then the higher earner will have 2/3rds of the revenue associated with them. When the work is performed also determines where the revenue lands. For example, if the higher billed employee works more at the beginning of the project than his coworker, then a higher proportion of the revenue is allocated to the beginning of the project. | $100k contract for 100 hours.
Senior consultant will earn $66k of revenue to the junior's $33k. |
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