This chart compares how much planned effort/burn is forecasted each month by taking the amount of hours planned x rate, and shows the amount of planned billing/revenue next to it.
The lines illustrate how much staffing capacity exists in dollars based on the filtered company, office or region, and the red line shows the targeted amount of planned effort/chargability.
Video Summary:
Planifi's Forecast Revenue Chart, also known as the 'Billed Earned versus Planned Chart', is a powerful tool that provides a comprehensive overview of your project's financial forecast. This chart compares projected billing or revenue against planned effort or dollars, offering valuable insights into your project's financial status.
The blue column on the chart represents projected billing or revenue for a given group of projects and people. This can be filtered down to specific company divisions such as regions or offices. The chart displays how much billing or revenue is expected to be earned each month.
Next to the blue column, the chart shows the expected 'burn' or effort, which is based on planning data. This represents the amount of work expected to be done in dollar terms, allowing you to compare how much remaining contract revenue you have versus how much work is planned to be done each month.
The chart also supports discipline filtering. This means you can see how much remaining contract billing or revenue is associated with a specific discipline, such as architecture or electrical engineering, versus how much work that discipline is expected to perform. This can be viewed across the entire company or within a specific region.
In addition to the columns, the chart also includes two lines representing staffing levels within a region or office. The top line represents the total capacity in dollars, based on a provisional rate that can be configured. The second line factors in the utilization target or billable target for the employees, providing a clear picture of the total work capacity versus the targeted work goal.
In essence, Planifi's Forecast Revenue Chart provides a clear picture of the expected billing revenue and planned work for a given set of projects and people. This tool is instrumental in forecasting your business's financial performance, aiding in decision-making, and ensuring profitability.