Progress Tab

The Progress tab shows the actual progress of the plan versus actual work done on the matter.

 

To show the Progress tab:

Enable from Admin-Permissions, or Admin-> Roles the permission:

MATTER_MANAGE_PLANNING_PROGRESS

 

Progress Tab Information:

The following information displays:

Field	Instruction
Matter Start Date	Displays the start date of the matter
First Time Entry Date	Displays the first time entry date for the matter (only if the matter has a time entry)
Budget Start	Enter the budget start date. For an exsisting Matter, default date is the Matter Start date. The First time entry date is also displayed (only if the matter has a time entry)
Target End Date	The Target End Date is auto updated with the end date of the last phase added. Note if this is auto set and the plan is inactive, statistics will not update. If this is custom, and inactive, the statistics will still update.
WriteDown/Up	The write down or writeup
Net Budget	The total budget amount minus any discounts.
Billable Actuals	The actual total worked on the matter in the period of the plan. This is based on Billable (WIP+Billed)
Standard Value (Billable Fees)	The standard value of the projection of Billable Fees
Standard Value (With Writeup/Down)	The standard value of the projection including any writeup or writedown
Actuals %	The percent of the budget that was billable. BudgetAmount/BillableAmount*100%
% Complete	The percentage complete of the budget. WorkedAmount/BudgetAmount*100%. The % Complete will show for all levels including the arrangement level.
Direct Costs (Billable Fees)	The direct costs of the projection of billable fees
DirectCosts (Writeup/Down)	The direct costs of the projection including any writeup or writedown
Projected Outcome	Any Projected outcomes are shown here of the budget. The color will change depending on the % Complete.

What-If Analysis

This tool allows you to select from the budget and immediately analyze the impact of any discount or fees ( fixed fee & fee cap) applied to the budget.

A manual refresh option is displayed to update the calculations whenever any changes are made to the phases. By default, the What-If Analysis displays' the KPI's for the total budget. The drop-down for selecting the phases will display the parent phase and all the child phases added within the parent phase. You can select any phase from the Phase drop-down. Click on the + sign next to the What-If Analysis label to add a new What-if tab.

Field	Description
Phases	This drop-down lists all the phases added in the plan above. Select the relevant phase to be analyzed.
Criteria	Allows you to add additional criteria to the pricing plan. You can add discount, fixed fee or both to a pricing plan and immediately view the value comparisons before and after the applied criteria. Select the radio button and enter the value in the text field. Criteria Description Simple Discount Enter a discount percentage that will apply to all timekeepers included in the pricing plan. Category Discount A list of timekeeper categories included in the pricing plan displays. Enter a discount percentage for each applicable category. Blended Rate Enter an hourly rate that will apply to all timekeepers included in the pricing plan. Fee Cap/Fixed fee Enter a maximum Fixed Fee/Fee Cap for the phase or total budget Note: Check box for Add to enter values for discount and fees.
KPI Columns	Displays all the KPI columns. The KPI's to be displayed can be managed from the More Actions >Manage KPI Columns option. Read here for more details on the KPI's.
Margin	Displays the Actual Amount Margin, or Projected Amount Margin.
Total Fees Budget	The budgeted fees in total for Actual or Projected Amount.
Total Expenses Budget	The budgeted expenses in total for Actual or Projected amount.
Total	The sum of Fees Budget and Expenses Budget.
Realization	The realization of the budget.
Value at Firm Standard	The value at firm standard rate for actual and projected amounts.
Average Rate	The average rate used in the Actuals and Projected figures.

You can compare models previously created, or on the fly models.