Project Resource Allocation management tool
allows you to develop budget, keep track of actual and analyze personnel project time allocation and all other project related expenses by project for two consecutive years.
Project Resource Allocation model includes Personnel Salary and Headcount worksheet
that enables you to create budget and maintain existing employee and new hires salary, fringe, salary increases/decreases, and bonuses. You also will be able to keep track and analyze employees utilization rates. The worksheet is designed to accommodate budgeting for various position types.
Personnel Project time allocation worksheet
enables you to budget and keep track of actual personnel percentage time allocation by project. Employee names are pre-populated in drop-down list from the Personnel Salary and Headcount worksheet; compensation cost is calculated and distributed by project automatically based on the percentage time allocation for a given project. In addition to employee compensation allocation, the worksheet allows to budget and keep track of additional two types of employee related expenses. For example, it may be commissions or travel that you want to keep track not only by project but also associate with an employee name. The model gives you actual to budget comparison and year over year change of percentage time allocation and dollar cost allocation. The model also provides comprehensive rate and volume analysis.
Personnel project cost allocations are summarized in individual project worksheets
. You have ability to add as many project worksheets as you want by clicking one button. A project worksheet summarizes personnel project costs and also keeps track of other project related costs such as rent, utilities, meetings, office supplies, etc.
The model summarizes all project cost allocations and analyzes annual actual to budget change, year-to-year budget increase (or decrease) and year-to-year actual increase (or decrease) by project, by project category, and by location. Model includes comprehensive compensation and headcount analysis.