Revenue Percentage Calculation Rules

Form ID: (PM206500)

If you use progress billing for projects, you review or modify predefined revenue percentage calculation rules on this form. You can also create new rules that the system will use to calculate the recommended completion percentages for revenue budget lines in progress billing.

You can't delete a predefined rule.

Form Toolbar

The form toolbar includes only standard buttons.

Summary Area

This area contains the settings of the revenue percentage calculation rule.

Element Description
Rule ID

The identifier of the revenue percentage calculation rule.

You can select one of the following predefined rules, which determine how the system calculates the recommended revenue completion percentage of the project’s budget lines:

  • REVISEDAMT: By comparing the actual amount with the revised budgeted amount.
  • REVISEDQTY: By comparing the actual quantity with the revised budgeted quantity.
  • PROJCOST: By comparing the actual amount with the projected cost at completion. The system uses the projected costs from the latest released cost projection—dated on or before the current business date—on the Cost Projection by Date (PM305500) form.
    Attention: The PROJCOST rule appears on the form if the Construction feature is enabled on the Enable/Disable Features (CS100000) form.

For a new rule, you enter the identifier manually.
Description

The description of the rule.
Group by Task

The type of a project task that the system uses to group cost budget lines when it calculates the recommended completion percentage for revenue budget lines. You can select one of the following options: Revenue Task (default) or Project Task.

For details, see Progress Billing: Automated Revenue Percentage Calculation.
Group by Item

A check box that indicates (if selected) that the system groups cost budget lines by inventory item within each task group.
Group by Cost Code

A check box that indicates (if selected) that the system groups cost budget lines by cost code within each task group.

This check box is shown only if the Cost Codes feature is enabled on the Enable/Disable Features (CS100000) form.
Formula

The formula the system uses to calculate the recommended completion percentage for revenue budget lines.

You enter the formula manually or click the Edit button to open the Formula Editor dialog box. For more information on working with formulas in the Formula Editor dialog box, see Formulas in Inquiry Results: General Information.