Project-finance planning and controlling
Project finance covers costs/expenses and services/revenue. teamspace's base values let you compare plan, orders and actuals at a glance.
Finance planning for your projects
Base values for income and expense planning
Base values reflect the original plan data of your project for:
- Revenue
- Expenses
- Project times
- Billable times
Compare initial planned expenses with placed purchase orders and actual incoming invoices:
- How much of the plan budget is already spent?
- Are placed orders within plan?
- How much of the plan budget is still open?
The same applies to revenue — plan amounts vs. orders won vs. invoices issued.
Keep effort revenue in view
Every billable time entry knows its assigned order position and the revenue it will generate. Two practical insights:
- Spot time entries not assigned to an order position — money waiting to be billed
- Monitor monetary effort budgets granted via an order, before invoicing
Example: an order for €10,000 of consulting, billed by effort across a senior and junior rate. The effort-revenue view shows what share of the budget is already consumed by booked time.
Sync project plan data from the order
Plan data can be updated on the order and synced into the project automatically. Original values stay as base values for controlling. Hours, revenue and expenses sync the same way. Change a position from 10 to 12 hours — the linked work package’s plan budget updates to 12 hours.
Read on
- Project controlling
- Earned-value analysis
- Capacity planning
- Multi-project management
- Project time tracking
Reviewed in a requirements check
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