Project Glossary


AttributeRead/WriteDescription
NameRWA short description.
Planned StartRWThe start date. Tasks that have ASAP constraint and no predecessors will start from this date. Changing this value will reschedule the project plan.
DeadlineRWThe date beyond which the project cannot finish.
ManagerRWThe primary project manager.
ClientsRWThe project clients. Read More.
StateRWThe project state. Read More.
% CompRThe overall progress of the project. Read More.
Actual Cost (ACWP)RThe total cost incurred so far. It is the sum of actual costs of all its leaf tasks.
Actual EffortRThe total effort spent so far. It is the sum of actual effort of all its leaf tasks.
Actual RevenueRThe total bill amount to client. It is the sum of all bill amounts for all approved time and expenses in this project.
Budget HealthRThe color coded health indicator of the project's progress with respect to cost. Read More.
Invoiced RevenueRThe total bill amount for which the client has been invoiced. It is the sum of all bill amounts for all invoiced time and expenses in this project.
Planned CostRThis is the cost a project is expected to incur based on its plan. It is the sum of all planned costs for all its leaf tasks.
Planned EffortRThese is the total effort that must put in to complete the project as per its plan. It is the sum of planned effort of all its leaf tasks.
Planned FinishRThis is the maximum of the planned finish dates of its tasks.
Planned Labor RevenueRThe total revenue expected from this project. It is the sum of the planned labor revenues of its leaf tasks.
Schedule HealthRThe color coded health indicator of the project's progress with respect to schedule. Read More.
Actual Billable HoursRThe total time that is billable and approved.
Actual FinishRThe date the last task was finished. It is the maximum of the actual finish dates of its tasks.
Actual Fixed CostRThe fixed cost incurred on a project till date. It is the sum of actual fixed costs of all its leaf tasks.
Actual Labor CostRThe total labor cost so far. It is the sum of all labor costs of all its leaf tasks.
Actual MarginRThe actual profit margin: Actual Profit ÷ Actual Revenue
Actual Non-billable ExpenseRSum of amounts of approved and non-billable expenses in this project.
Actual Non-billable HoursRSum of hours from approved and non-billable time entries in this project.
Actual Non-billable LaborRSum of bill amounts from approved and non-billable time entries in this project.
Actual Non-labor CostRSum of amounts of costable expenses in this project.
Actual ProfitRActual Revenue - Actual Cost
AlignmentRWA number between 0 and 100 that reflects how closely this project's requirements fit within the organizations business, goals, skill sets, and resources. Higher number means better alignment.
BCWPRBudgeted Cost of Work Performed. Read More.
BCWSRBudgeted Cost of Work Scheduled. Read More.
Baseline % CompRThe expected % complete of the project based on the baseline.
Baseline Budget RThe budget of the project when it was baselined.
Baseline Cost RThe planned cost of the project when it was baselined.
Baseline Deadline RThe deadline date of a project when it was baselined.
Baseline Deadline VarianceRThe difference in days between the current and baseline deadline.
Baseline EffortRThe planned effort when the project was baselined
Baseline Effort VarianceRThe difference between the planned and baseline effort
Baseline FinishRThe project's planned finish date when it was baselined.
Baseline Finish VarianceRThe difference between the project's planned and baseline finish date.
Baseline StartRThe planned start date of the project when it was baselined.
Baseline Start VarianceRThe difference in days between the planned and baseline start.
BenefitRWA number between 0 and 100 that reflects the potential for financial or operational gain upon successful completion. Higher number means more benefit.
Billing TypeRWThe default billing type of new tasks. If billing type is Time & Material, new time logs will automatically be marked as billable. If Fixed Price, then they will be marked as non-billable.
BudgetRWThe budget of a project - typically planned cost + buffer
CPIRCost Performance Index. Read More.
CodeRWThis is a short alpha numeric code that identifies the project. This code should be unique across the company and has to be entered manually. This is useful if you refer to projects with a code. You can also search for projects using the project code.
Cost VarianceRBCWP - ACWP
CreatedRDate on which the project was created.
CreatorRUser who created the project.
DescriptionRWA detailed description of the project.
Fixed PriceRWThe fixed price of the project (only applicable when Billing Type is Fixed Price)
IDRThe primary key of the project record in the database.
Invoiced ExpenseRThe sum of all invoiced expenses for this project.
Invoiced HoursRThe total hours for invoiced time.
Invoiced LaborRThe total bill amount of invoiced time
Last ModifiedRThe date on which the project was last edited or some attribute was modified.
Planned % CompRThe expected percent complete based on the plan.
Planned Fixed CostRThe total fixed cost of the project. It is the sum of fixed costs of all its leaf tasks.
Planned Labor CostRThis is the total estimated labor cost of all the tasks in the project.
Planned MarginRThe profit margin as per plan. Margin = Planned Profit ÷ Planned Revenue
Planned Non-Labor CostRThe total estimated non-labor cost (e.g. travel, food, software, etc.). It is the sum of planned non-labor costs of all its leaf tasks.
Planned ProfitRPlanned Revenue - Planned Cost
Planned RevenueRIf the project's billing type is Fixed Price then it is that value, else it sis the sum of the planned revenue of all its leaf tasks.
PriorityRWOne of the following Very Low, Low, Normal, High, Very High.
Projected CostRThe expected total cost of a project based on its current rate of spend. It is the sum of projected costs of all its leaf tasks.
Projected FinishRThe date on which the project is expected to finish based on the current rate of progress. It is max of the project finish dates of its leaf tasks.
Projected HoursRThe total hours this project will require to finish based on the current rate of progress. It is the sum of projected hours for all its leaf tasks.
Remaining HoursRPlannedHours - ActualHours
RiskRWThe potential negative impact that may arise from this project.
SPIRSchedule Performance Index. Read More.
Schedule VarianceRBCWP - BCWS. Read More.
TeamRWThe pool of users working on this project. Read More.
TypeRWOne of your project types. Read More.
Work CalendarRWProject's work calendar. Tasks that do not have a resource are scheduled based on this calendar. All dates in the interactive Gantt chart are shown with respect to this work calendar's time zone. Read More.