Project
A project is a temporary organizational artifact that corresponds to the execution of the scope of work defined in a contract by a group of people. Project are always associated to a contract and by extension to a Budget Builder.
Projects are defined by several labor and expenses margin types:
Margin Type | Description |
Margin at signature ($/%) | The margin computed at the time the contract was signed (provided by the Budget Builder). For a project this is a static value. |
Margin objective ($/%) |
The margin objective that is set for the project. At the beginning of a project that value equals the margin at signature. But it can evolve over the execution of the project (up or down). In Conduite, setting a margin objective is the primary way to steer the performance of a project. |
Expected margin ($/%) | The margin that we expect to make on the project at any given time based on the what was spent and what we think we need to finish the work. |
In a nutshell, the performance of a project is the difference between the margin objective and the expected margin.