Costpoint Advanced Project Budgeting provides a system-wide solution that integrates labor hours, units, materials, direct charges (ODCs), subcontractor expenses, and overhead charges.

You can calculate project revenues using multipliers at the detail subtask level or a fee rate (percentage) and fixed fee amount at the project level. The currency equivalent of these budgeting mechanisms is identified by either one or a combination of the following: project, organization, account, reference number (cost code), line type, budget type, and budget format.

You can budget by specific labor categories, employees, vendors, and unit/material classifications to provide for project benchmarking. You can develop forecasts using the estimate-to-complete function or a workplan budget.

There are two types of project budgets: a baseline budget and a workplan budget. You can create only one baseline budget per project. You can create multiple workplan budgets per project. Build a total budget or multi-year period budget depending on the project reporting requirements.

You can create a project budget using the performing organization, the owning organization, or a combination of organizations for a given project. You can modify an existing project budget, and you can use approved change orders to modify baseline and workplan budgets. A change order modifies the actual contract and the funded value of a project.

You can set up projects at the project level or at a more detailed account or reference number level (cost code). You can present project budgets for each project manager or roll them up to consolidate data at a higher or total project level.

Use Costpoint Advanced Project Budgeting to build a total budget and spread it across fiscal years and periods. You can create period budgets for a project, and a total budget is automatically created.