About Labor Productivity Cost
The 'Procore Labor Productivity Cost' budget view provides project teams with the ability to include production quantities on the project's budget. See What are 'production quantities'? Building off the Real-Time Labor Costing feature, the 'Procore Labor Productivity Cost' budget view is designed to provide self-performing and specialty contractors with the ability to gain greater insight into your project's production rates to make better decisions that maximize profit margins. With this release, you can:
Add and import production units to a project's budget in Procore's Financial Management tools: Budget, Change Events, and Change Orders.
Collect production units from field personnel with Timecard Entries in the Daily Log and both the Timecards and Timesheets tools.
Track and compare budgeted production units to installed production units using Procore's Budget and Reports tools.
By default, Procore provides its users with a standard 'Procore Labor Productivity Cost' budget view, which is available to your company's Procore Administrator in the Company level Admin tool.
ExampleProcore Labor Productivity Cost Budget View in the Budget Tool
The illustration below shows you the recommended layout for the 'Procore Labor Productivity Cost' budget view, as it will look when applied to your project's Budget tool.
Default Columns
The following table details the default columns provided with the 'Procore Labor Productivity Cost' budget view. In the Description column, the following symbols represent the operator for a calculation:
add (+)
subtract (-)
multiply (*)
divide (/)
Column Name
Column Type
Column Format
Column Description
Column Configuration
Revised Budget
Calculated
Currency
Shows the Original Budget amount, plus the Budget Change amount, plus the Approved COs amount.
Original Budget Add (+) Budget Changes Add (+) Approved COs
Direct Costs
Source
Currency
Shows the Direct Costs amount.
Source Category: Direct Costs Source: Direct Costs Source Filtering: Status = Pending, Revise and Resubmit, Approved
Direct Costs Unit Cost
Source
Number
Shows the actual cost per unit for direct costs.
Direct Costs Divide (/) Direct Costs Unit Qty
% Budget Complete
Calculated
Percent
Shows how much of the current budget amount for the budget line item is estimated to be used based on the real-time labor hours and actual labor cost.
Estimated Cost w/ Timesheet Hours Divide (/) Revised Budget
Projected Labor Cost at Completion
Calculated
Currency
Shows the projected labor cost at completion for the budget line item.
Projected Hours at Completion Multiply (*) Direct Costs Unit Cost
Projected Labor Cost Over/Under
Calculated
Current
Shows the Revised Budget minus the Projected Labor Cost at Completion.
Revised Budget Subtract (-) Project Labor Cost at Completion
Revised Budgeted Unit Qty
Calculated
Number
Shows the Budget Production Qty plus the Approved COs Production Qty.
Budget Unit Qty Add (+) Approved CO Units
Budget UOM
Standard
n/a
Shows the Unit of Measure (UOM) for the budget line item.
n/a
Timesheet Hours 1
Source
Number
Shows all Timecard Entry Hours. You can optionally apply Status filters to narrow the data in the view.
Source Category: Timecard Entry Hours Source: Timecard Entry Hours Filtering: None
% Hours Used
Calculated
Percent
Shows how much of the current budget unit qty (labor hours) have been used based on time submitted in Procore.
Timesheet Hours Divide (/) Revised Budget Unit Qty
Earned Hours
Calculated
Number
Shows the number of labor hours earned (merited) based on the work produced to date for that cost code.
Revised Budget Unit Quantity Multiply (*) % Complete Production
Projected Hours at Completion
Calculated
Number
Shows the estimated labor hours needed to complete production for the cost code based on the work produced to date.
Timesheet Hours Divide (/) % Complete Production
% Complete Production
Calculated
Percent
Shows the percentage of the production quantity has been installed to date of the current budgeted production quantity for the cost code.
Actual Qty Installed Divide (/) Revised Budgeted Production Qty
Production UOM
Source
n/a
Shows the UOM for the budgeted production quantity (i.e., for the cost code on the line item).
Source Category: Production UOM Source: Budgeted Production UOM Source Filtering: n/a
Revised Budgeted Production Rate
Calculated
Number
Shows the actual budgeted production rate based on labor hours and installed quantities to date.
Revised Budgeted Production Qty Divide (/) Revised Budget Unit Qty
Actual Production Rate
Calculated
Number
Shows the actual budgeted production rate based on labor hours and installed quantities to date.
Actual Qty Installed Divide (/) Timesheet Hours
Variance Production Rate
Calculated
Number
Shows the difference between the current budgeted production rate and the actual production rate. A positive number indicates you are performing faster than expected. A negative number indicates you are performing slower than expected.
Actual Production Rate Subtract (-) Revised Budgeted Production Rate
1 The 'Labor Productivity Cost' budget view is only available to customers using Procore's Resource Tracking tools. However, the 'Timesheet Hours' column can be added to other budget views. To learn how to add the column, see Can we import our third-party timecard entries to work with the 'Timesheet Hours' column in Procore's Budget tool?
Procore Labor Productivity Cost Budget View in the Budget Tool
The illustration below shows you the recommended layout for the 'Procore Labor Productivity Cost' budget view, as it will look when applied to your project's Budget tool.
Default Columns
The following table details the default columns provided with the 'Procore Labor Productivity Cost' budget view. In the Description column, the following symbols represent the operator for a calculation:
add (+)
subtract (-)
multiply (*)
divide (/)
Column Name | Column Type | Column Format | Column Description | Column Configuration |
|---|---|---|---|---|
Revised Budget | Calculated | Currency | Shows the Original Budget amount, plus the Budget Change amount, plus the Approved COs amount. | Original Budget Add (+) Budget Changes Add (+) Approved COs |
Direct Costs | Source | Currency | Shows the Direct Costs amount. | Source Category: Direct Costs Source: Direct Costs Source Filtering: Status = Pending, Revise and Resubmit, Approved |
Direct Costs Unit Cost | Source | Number | Shows the actual cost per unit for direct costs. | Direct Costs Divide (/) Direct Costs Unit Qty |
% Budget Complete | Calculated | Percent | Shows how much of the current budget amount for the budget line item is estimated to be used based on the real-time labor hours and actual labor cost. | Estimated Cost w/ Timesheet Hours Divide (/) Revised Budget |
Projected Labor Cost at Completion | Calculated | Currency | Shows the projected labor cost at completion for the budget line item. | Projected Hours at Completion Multiply (*) Direct Costs Unit Cost |
Projected Labor Cost Over/Under | Calculated | Current | Shows the Revised Budget minus the Projected Labor Cost at Completion. | Revised Budget Subtract (-) Project Labor Cost at Completion |
Revised Budgeted Unit Qty | Calculated | Number | Shows the Budget Production Qty plus the Approved COs Production Qty. | Budget Unit Qty Add (+) Approved CO Units |
Budget UOM | Standard | n/a | Shows the Unit of Measure (UOM) for the budget line item. | n/a |
Timesheet Hours 1 | Source | Number | Shows all Timecard Entry Hours. You can optionally apply Status filters to narrow the data in the view. | Source Category: Timecard Entry Hours Source: Timecard Entry Hours Filtering: None |
% Hours Used | Calculated | Percent | Shows how much of the current budget unit qty (labor hours) have been used based on time submitted in Procore. | Timesheet Hours Divide (/) Revised Budget Unit Qty |
Earned Hours | Calculated | Number | Shows the number of labor hours earned (merited) based on the work produced to date for that cost code. | Revised Budget Unit Quantity Multiply (*) % Complete Production |
Projected Hours at Completion | Calculated | Number | Shows the estimated labor hours needed to complete production for the cost code based on the work produced to date. | Timesheet Hours Divide (/) % Complete Production |
% Complete Production | Calculated | Percent | Shows the percentage of the production quantity has been installed to date of the current budgeted production quantity for the cost code. | Actual Qty Installed Divide (/) Revised Budgeted Production Qty |
Production UOM | Source | n/a | Shows the UOM for the budgeted production quantity (i.e., for the cost code on the line item). | Source Category: Production UOM Source: Budgeted Production UOM Source Filtering: n/a |
Revised Budgeted Production Rate | Calculated | Number | Shows the actual budgeted production rate based on labor hours and installed quantities to date. | Revised Budgeted Production Qty Divide (/) Revised Budget Unit Qty |
Actual Production Rate | Calculated | Number | Shows the actual budgeted production rate based on labor hours and installed quantities to date. | Actual Qty Installed Divide (/) Timesheet Hours |
Variance Production Rate | Calculated | Number | Shows the difference between the current budgeted production rate and the actual production rate. A positive number indicates you are performing faster than expected. A negative number indicates you are performing slower than expected. | Actual Production Rate Subtract (-) Revised Budgeted Production Rate |
1 The 'Labor Productivity Cost' budget view is only available to customers using Procore's Resource Tracking tools. However, the 'Timesheet Hours' column can be added to other budget views. To learn how to add the column, see Can we import our third-party timecard entries to work with the 'Timesheet Hours' column in Procore's Budget tool?