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Signal | When |
---|---|
On Budget | Projected cost is less than or equal to the budget [ Projected Cost <= Budget OR Cost (Est) if Budget is not specified] |
At Risk | Projected cost has exceeded the budget. [ Projected Cost > Buget AND Actual Cost < Budget OR Cost (Est) if Budget is not specified ] |
Over Budget | Actual cost is more than the budget. [ Actual Cost > Budget OR Cost (Est) if Budget is not specified ] |
For instance, your budget for a task is $200 (this includes labor, material and fixed cost if any). Now, when you spend $200 on the task, ideally your task should have been 100% completed. If your task is 50% complete and you have spent $100, Celoxis displays the green signal indicating that your project is "On Budget".
But if you have spent $150, and your project is only 50% completed, that means by the time your project is 100% complete, you would have spent $300 by the current rate of spending. In such a situation, Celoxis displays the signal indicating that your task budget is At Risk. And if your actual cost spent exceeds $200 Celoxis displays the signal indicating your task is Over Budget.