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.