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 bysimilarly severalto contracts (labor and expensesexpenses), marginbut types:account for all types of margins:
Margin Type |
Description |
- Margin at
signatureSignature
($/%) |
The margin computed at the time the contract was signed (provided by the Budget Builder). For a project this is a static value. |
- Margin
objectiveObjective
($/%) |
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
marginMargin
($/%) |
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.
