| # Budget Version (tpptc5100s000) Use this session to maintain a time-phased budget version for a selected project. For each version you must: Enter a contract amount, profit fee and management reserve. Specify a start time, a currency and a budget date. To support change tracking in long-term projects, you can create multiple versions of a single TPB analysis code. Create TPB analysis codes in the Generate Time Phased Budget (tpptc5200m000) session. This session also determines which version is the current project version. Related topics To use a time-phased budget Project The code that uniquely identifies the project. Status Project Status If the status is Active, a new time-phased budget version cannot be added and an existing version cannot be copied. Version The code that uniquely identifies the time-phased budget version. Version Status The status of the time-phased budget version. Related topics How to use version statuses of a top down budget Version Currency The code that uniquely identifies the currency. Related topics project currency Currency Rate/Rate Factor A charge or payment fixed according to a standard scale, for example, the currency rate of the transaction. Rate/Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before ERP LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. Home Currency One of a company's base currencies in which ERP LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Text If this check box is selected, the top down version has an associated text, which you can view by clicking the Text button on the toolbar. Amounts Contract Amount If you entered a project contract amount in the Business Partner by Project (tppdm6101s000) session, the displayed amount is calculated from the contract amount plus extensions of type scope change. You can manually change this amount. Profit Fee In a time-phased budget version, the profit retained by the company that performs the project. The profit fee is expressed as follows:
    profit fee = contract amount - management reserve + distributed budget +	undistr. budget
Management Reserve A contingency fund for unanticipated occurrences, which reduces the risk of scope changes. In a time-phased budget version, this is the amount that is withheld for control purposes rather than distributed to the activity structure or retained for profit. Management reserve is expressed as follows:
    management reserve = contract amount - profit fee + distributed budget + undistr. budget
Distributed Budget The top-down budget part that is distributed across the activities. You can look at a distributed budget on various levels: For activities: the distributed budget equals the budget that is already distributed to the lower level activities. For the version: the distributed budget equals the budget assigned to the top activity of the activity structure. This can at most be equal to the sum of the contract amount minus profit fee minus management reserve Undistributed Budget The project-budget part that is not yet distributed across the elements. You can look at an undistributed budget on various levels: For activities: the undistributed budget equals the budget amount minus distributed budget For the version: the undistributed budget equals the contract amount minus profit fee minus management reserve minus distributed budget Home Currency Contract Amount The total amount of the project contract. For a time-phased budget version, the contract amount is expressed as follows:
    contract amount = profit fee + management reserve + distributed budget + undistr. budget
The contract amount is used to determine the invoice limit. Profit Fee In a time-phased budget version, the profit retained by the company that performs the project. The profit fee is expressed as follows:
    profit fee = contract amount - management reserve + distributed budget +	undistr. budget
Management Reserve A contingency fund for unanticipated occurrences, which reduces the risk of scope changes. In a time-phased budget version, this is the amount that is withheld for control purposes rather than distributed to the activity structure or retained for profit. Management reserve is expressed as follows:
    management reserve = contract amount - profit fee + distributed budget + undistr. budget
Distributed Budget The top-down budget part that is distributed across the activities. You can look at a distributed budget on various levels: For activities: the distributed budget equals the budget that is already distributed to the lower level activities. For the version: the distributed budget equals the budget assigned to the top activity of the activity structure. This can at most be equal to the sum of the contract amount minus profit fee minus management reserve Undistributed Budget The project-budget part that is not yet distributed across the elements. You can look at an undistributed budget on various levels: For activities: the undistributed budget equals the budget amount minus distributed budget For the version: the undistributed budget equals the contract amount minus profit fee minus management reserve minus distributed budget Processing Start Time Creation Time The date on which the TP budget version is created. Start Time If you update the project from Free to Active, you can enter the start time here. From this time the budget version is actual. By default the date of today is given, you can change it to a future date. Budget Date The default is the project budget date in the Budget Date field in the Project (tppdm6100s000) session. You can enter a date and/or time later than the current date/time. |