Page 34 - Unanet GovCon: Setting Up Contracts and Projects

Creating Fixed Price Projects

Fixed Price projects calculate revenue and costs for a project or task based on the
Fixed Price Billing Schedule, which is created by a user with the Billing Manager role.
Should a project have a fixed amount of revenue but require invoices to be generated
by hours worked, Unanet recommends creating a TM Project with FP Tasks, also
referred to as a Fixed Price – Level of Effort (FP LOE).

Activity 2.5 – Create a New Fixed Price Project

Login: Dana Contracts (Project Manager) – dcontracts / welcome

Activity Steps:

Part 1: Copy and Modify an Existing Project
1. On the left side of the Home dashboard, navigate to My Lists and select “Project
Execution Course Projects”.
2. Select the copy icon beside the project “253CONSULT PM3-ANALYSIS-FP”.
3. Check the box to “Select All” project attributes.
4. Uncheck the boxes for “Fixed Price” and “Self Assign”.
5. Press Next.
6. Modify the project profile as indicated below, pressing Save on each screen to
ensure changes are preserved.

PROFILE
*Owning Organization: GS-CYBER - Cyber
*Project Organization: 253CONSULT – Two Five Three Consulting
Contract: SCA-24 – Security Services
*Project Code: TRAINING-FP-LABOR
Project Title: Two Five Three Consulting Training Analysis
Project Management Level:  MANAGE AT TASK LEVEL
 Require Tasks for Time Reporting
 Require Tasks for Expense Reporting
 Require Tasks for Item Reporting

BUDGET
PROJECT DATES Begin End
*Revised Dates: Jan 1 – Current Year Dec 31 – Current Year
Enforce Project/Task Dates: 
HOUR BUDGETS Budgeted
Hours: 1200

LABOR BUDGETS Budgeted
Bill: 120000
ACCOUNTING
ACCOUNTING PROJECT VALUE
Billing Type: FP Current

LESSON 2: CONFIGURING PROJECTS AND TASKS
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