This entry addresses how fixed level of effort engagements are managed in Unanet. With this type of contract there is a fixed level of effort, typically by hours, for each individual working on the contract. There is a fixed billing ceiling, and labor and expense is billed as incurred at a negotiated rate until the ceiling is reached. In Unanet, these projects are treated as T&M projects, and this Quick Topic will cover the configuration of the T&M project.
Relevant metrics to track on a fixed level of effort project include:
- Backlog of billable dollars to date
- Revenue, expenses, and margin
What’s covered in this document: