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.

Attention: You can't delete a predefined rule.

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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. PROGCOSTQTY: By comparing the progress worksheet quantities recorded for the applicable cost budget lines with their revised budgeted quantities. The system uses quantities from released progress worksheets. PROGREVQTY: By comparing the progress worksheet quantity recorded for the revenue budget line with its revised budgeted quantity. The system uses quantities from released progress worksheets. Attention: The PROJCOST, PROGCOSTQTY, and PROGREVQTY rules appear 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.
Budget Line Source	The type of budget lines the system uses to calculate the recommended completion percentage. The following options are available: Cost (default): The system uses cost budget lines as the source of the recommended completion percentage. Revenue: The system uses revenue budget lines as the source of the recommended completion percentage.
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. The box isn't shown for a rule with the Revenue budget line source because the rule calculates the recommended completion percentage directly from the revenue budget line and grouping isn't needed for this calculation. 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. The check box isn't shown for a rule with the Revenue budget line source because the rule calculates the recommended completion percentage directly from the revenue budget line and grouping isn't needed for this calculation.
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. The check box isn't shown for a rule with the Revenue budget line source because the rule calculates the recommended completion percentage directly from the revenue budget line and grouping isn't needed for this calculation.
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.