Enter Revenue Data

The revenue calculation data may be entered for a specific WBS level such as level 1 for the entire project. You may also have a WBS attribute field defined (see Add Project User Fields) to identify a contract line item number (CLIN) or other user defined field to identify specific WBS elements for management purposes. The revenue calculation data could be entered for these specific WBS elements.

1. Select Home > Earned Value in the Navigation Menu. The main EVMax window displays.
2. Select your project from the Project dropdown in the Ribbon Menu.
3. Expand the WBS hierarchy as needed.
4. Select the WBS element row in the top pane.
5. Select the Revenue tab in the bottom pane.
6. Select the Contract Type from the dropdown. Select either Cost plus fixed fee or Firm fixed price.
   1. If you selected Cost plus fixed fee for the Contract Type, enter the Contract Fee percent or value.

   2. If you selected Firm fixed price for the Contract Type, enter the Contract Value.

7. Select Account in the Revenue By dropdown.
8. Select an Effectivity date. This could reflect the project's start date or a specific effective date should the revenue factor change over the duration of the project.

9. Select either Factor or Value from the Revenue dropdown and enter the factor or value in the corresponding field.

   Tip:

   Set the rate factor to 1 when you don't want to apply a factor. The general format for the rate factor is a percentage where an entry of 1.02 is 2 percent.

10. Optional. Set the factor option check boxes.
    1. Click the Move Eff Date With Cur Pd check box when you want to routinely update the revenue factor or value every time the current reporting period is updated. When you enable this option, the Effectivity Date is disabled because it is automatically updated when the project's reporting calendar is advanced. You can update the factor or value for the current reporting at any time in the list of revenue factors. In the applicable Revenue Factor row, click in the Revenue cell to update the factor or value.
    2. Click the Inception to Date check box when you want to set a revenue factor or value beginning with the project's start date.
    3. Click the Override check box when you want to apply a different factor for a specific effective date.

11. Click Add. This adds your settings as a new row in the list of revenue factors.

    Tips:

    You can modify the Revenue Type, Revenue factor or value, Incep to Date option, or Override options at any time for a given row in the list of revenue factors. Click in the applicable cell to update the settings.

    To delete a revenue factor row, select the row and click Remove.

    You may see a warning message appear below the Contract Type settings once you enter your revenue factors. A warning message displays when the fee to date for actual costs incurred plus the projected fee for the estimate to complete (the estimate at completion) exceeds the contract fee percent or value (cost plus fixed fee) or contract value (firm fixed price). It may be necessary to adjust the revenue factor for future periods to reduce the fee or stop taking the fee.

12. Click Save in the Ribbon Menu.

The revenue calculation data may be entered for the different elements of cost for the project such as labor, material, other direct costs, or subcontract. The options available are determined based on how you have set up the system level element of cost categories. See Manage Element of Cost.

1. Select Home > Earned Value in the Navigation Menu. The main EVMax window displays.
2. Select your project from the Project dropdown in the Ribbon Menu.
3. Select a WBS element row in the top pane.
4. Select the Revenue tab in the bottom pane.
5. Select the Contract Type from the dropdown. Select either Cost plus fixed fee or Firm fixed price.
   1. If you selected Cost plus fixed fee for the Contract Type, enter the Contract Fee percent or value.

   2. If you selected Firm fixed price for the Contract Type, enter the Contract Value.

6. Select Element of Cost in the Revenue By dropdown.
7. Select the applicable category for the Element of Cost from the dropdown.
8. Select an Effectivity date. This could reflect the project's start date or a specific effective date should the revenue factor change over the duration of the project.

9. Select either Factor or Value from the Revenue dropdown and enter the factor or value in the corresponding field.

   Tip:

   Set the rate factor to 1 when you don't want to apply a factor. The general format for the rate factor is a percentage where an entry of 1.02 is 2 percent.

10. Optional. Set the factor option check boxes.
    1. Click the Move Eff Date With Cur Pd check box when you want to routinely update the revenue factor or value every time the current reporting period is updated. When you enable this option, the Effectivity Date is disabled because it is automatically updated when the project's reporting calendar is advanced. You can update the factor or value for the current reporting at any time in the list of revenue factors. In the applicable Revenue Factor row, click in the Revenue cell to update the factor or value.
    2. Click the Inception to Date check box when you want to set a revenue factor or value beginning with the project's start date.
    3. Click the Override check box when you want to apply a different factor for a specific effective date.

11. Click Add. This adds your settings as a new row in the list of revenue factors.

    Tips:

    You can modify the Revenue Type, Revenue factor or value, Incep to Date option, or Override options at any time for a given row in the list of revenue factors. Click in the applicable cell to update the settings.

    To delete a revenue factor row, select the row and click Remove.

    You may see a warning message appear below the Contract Type settings once you enter your revenue factors. A warning message displays when the fee to date for actual costs incurred plus the projected fee for the estimate to complete (the estimate at completion) exceeds the contract fee percent or value (cost plus fixed fee) or contract value (firm fixed price). It may be necessary to adjust the revenue factor for future periods to reduce the fee or stop taking the fee.

12. Click Save in the Ribbon Menu.