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CP-101Go The Distance with Costpoint Project Management
Martin McGann III, Premier Consulting & Integration
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Premier Consulting & Integration, LLC (PCI) is the leading provider
of financial management consulting services, implementation and
audit support for government contractors and marketing agencies.
Our consultants combine 30+ years of relevant experience acting as
former CFO’s, controllers and accountants. We offer small business
solutions that are affordable, easy to use and profitable.
Intro To PCI
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About Me
Martin McGann
• Former CFO and Controller for growing government contractors
• In 2009, I started PCI, in effort to provide best-in-class implementation, training and accounting support for small to mid-sized government contractors.
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Agenda
Going the Distance with:
1. Budget & Planning Design
2. Budgeting Methodologies
3. Indirect Cost & Budgets
4. Forward Rates
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Indirect Budgets - Methodology
Simple Questions to get started:
• Will you be getting a complete set of direct projects budgeted?
• Do you want to budget your indirect at the most granular level?
• What to do about work yet to be awarded?
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Direct Organizational Budgets
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Project Based Budgeting
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Project Budgeting
Budget all Project Required Account / Org Combinations
Labor Based Budgets
Non- Labor Based Budgets
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Upload Project Budgets to Organization Budgets
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Organizational Budgets
Direct Entry of all costs
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Org Budget Labor Entry
All resources budgeted by utilization• 1 = Full time• .5 = Half time
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Org Budget Labor Entry - Continued
PTO Taken – Determine by resource by month
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Org Budget Labor Entry - Continued
Labor Utilization – Direct vs. Indirect• Full Direct = 1• Full Indirect = 0
• Use the subtask to spread Indirect OH vs G&A, etc.
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Org Non-Labor
Enter by Account by Month• Don’t forget your paste FROM excel!
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Org Based P&L Budget or with Variance
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Indirect Rate Analysis
By Year, Period• Use Variance to see how you compare to actuals as they are incurred
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Questions?
Stop by PCI’s Booth (#2) for more information on Costpoint Project Management!
Attend our Breakout Sessions:
CP-100
A Whole New World of Business Intelligence
Tuesday, November 19
10:00 AM
CP-106
Making Costpoint Integration a Part of Your World
Tuesday, November 19
10:00 AM
CP-105
The Magic of Tidying Up Costpoint with Workflow and Costpoint
Thursday, November 21
10:50 AM
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