Page 20 - Participant Guide - Unanet GovCon Analyzing Project Metrics

It is important to remember that if you want the report to include expense reports
that have not been approved yet, you will need to select the ‘Using Line Item
Date within range’ and then check Include non-completed Expense Reports.

Key Report Result Elements
The primary area of interest for the project team is the TOTAL section, which includes
the TO-DATE, BUDGETED, BACKLOG, FUNDED VALUE, and REMAINING
FUNDED. Each is explained below:

- TO DATE: calculated revenue for the DATE RANGE used in the report criteria
- BUDGETED: as viewed in the previous activity,
this value is the labor + expense bill $ budget
values from the project or the task, depending on
the criteria for reporting options

- BACKLOG: calculation of BUDGETED minus TO DATE. It shows if the revenue
in the report is over or under the budgeted value based on the project or tasks
(determined by the reporting options criteria).
o A positive value indicates the budget is higher than the revenue in the
report. This indicates that the project is subject to running ‘under budget’ if
the current course continues without programmatic changes.
o A negative number (red with parenthesis) indicates the budget is lower
than the revenue in the report. This indicates that the project is subject to
running ‘over budget’ if the current course continues.

Backlog is a worthy metric to analyze a project plan or forecast as the
budget values do not impact other areas of the system such as billing and
financial reporting.

Lesson 3: Revenue and Profitability Reports
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