Fresh Projects

00:00: This report assists Project Managers in assessing the in-depth financials of

00:04: projects and the stages they comprise of.

00:07: Comparisons can be made between planned costs and fees,

00:10: versus the amounts actually incurred and the running profit.

00:15: In the main menu,

00:17: go to Insight.

00:20: Select Work in Progress under Fees & Invoicing.

00:25: Set the Project Status filter to show projects with the required Project Status

00:31: Then Click "Load".

00:34: This will load a list of respective projects which will be displayed in the left

00:38: most column.

00:41: In the following column,

00:43: the internal Budget set up for the project will be displayed.

00:48: Just next to it, the Actual Expenditure on the project thus far will be displayed as

00:53: both a monetary value,

00:54: and as a percentage of the original Budget.

00:58: The third column reflects the Reported % Progress of the project.

01:03: A signal icon with full bars represents a project whose progress has been recently

01:07: edited and the information is thus up to date.

01:12: TheFee column indicates the total agreed upon fee for the project.

01:18: Next to it, the Invoiced column reflects the amount invoiced as both a monetary value

01:23: ,and as a percentage of the original Fee.

01:27: The sixth column displays the Profit Projected based on the current finances of the

01:31: project, taking into account the actual values captured thus far.

01:38: The second last column provides an indication of the difference between the Invoiced

01:42: amount and the Actual Expenditure.

01:45: A positive green value indicates that the Invoiced amount is higher than the Actual

01:49: Expenditure,

01:50: and a negative red value indicates the contrary.

01:54: The final column shows Draft Invoices as both a monetary value,

01:58: and as a percentage of the Fee for the project.

02:03: Each project can be further broken down to reflect the reported values on a

02:07: sub-project level.

02:09: This can be done by simply expanding the project.

02:14: You can also change the report view between Invoiced vs

02:17: Actual Expense, Invoiced vs.

02:19: Reported Progress,

02:20: and Unbilled Time Value.

02:24: Lastly, the report can be exported as a spreadsheet by clicking the downward facing

02:28: arrow in the top right corner of the screen.

02:33: You have successfully navigated the Work In Progress Report in Fresh Projects.