MANAGE PLC BUDGETS BY PERIOD

Use this screen to enter PLC budgets by fiscal year and revision against projects. You can enter budgeted hours and amounts by employee or vendor.

Location

Identification

Proj

Enter a valid project or click to select one. The description of the project automatically displays in the unlabeled field to the right.

Fiscal Year

Use the drop-down list to select a valid fiscal year.

Revision

Enter, or click to select, a valid revision number for this project and fiscal year.

To have accurate project-to-date budget information printed on your project reports, you must use the same revision number for all period budgets for a given project. When printing project-to-date budget information, Costpoint sums the prior fiscal years/periods data for a selected budget revision. You cannot combine different budget revisions on a single report.

Budgets by Period

PLC

Enter a Project Labor Category (PLC) code or click to select one.

PLC Description

The PLC description defaults when you enter the PLC.

Period

Enter a valid period for the fiscal year or click to select one.

Subperiod

Enter a valid subperiod for the fiscal year and period or click to select one.

Avg Rate Amt

Enter an average rate for this PLC. Costpoint multiplies the Avg Rate Amt times the Empl Hours to calculate the Empl Amount. If you have entered an Average Rate amount on the Manage Average PLC Rates screen, this column automatically populates.

Empl Hours

Enter the total budgeted hours by employee for this PLC against the project. Every time you modify the Empl Hours, Costpoint recalculates the Empl Amount.

Empl Amount

Enter the total budgeted amount by employee for this PLC against the project. Costpoint displays the calculated amount by multiplying Avg Rate Amt by Empl Hours. If you override this amount, Costpoint recalculates the Avg Rate Amt by dividing Empl Amount by Empl Hours.

Vendor Hours

Enter the total budgeted hours by vendor for this PLC against the project. Every time you modify the Vend Hours, Costpoint recalculates the Vendor Amount.

Vendor Amount

Enter the total budgeted amount by vendor for this PLC against the project. Costpoint displays the calculated amount by multiplying Avg Rate Amt by Vendor Hours. If you override this amount, Costpoint recalculates the Avg Rate Amt by dividing Vendor Amount by Vendor Hours.

Total Hours

The field displays the total hours entered by PLCs.

Total Amount

The field displays the total amount entered or calculated by PLCs.

Last Update

This field displays the last time this PLC was created or modified.