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We have just looked at a method for setting a time budget for tasks that are paying jobs. That method was called the Time Units Budget Method.

Another method which can be faster to use and can also result in task/job productivity increases is called the Fee Percentage Budget Method.

Look at the Participant Section in the same example above. You will notice the previous heading "Time Budget (Units)" has been replaced by "Fee Breakdown 100 %".

This Fee Percentage Budget Method takes the Estimated Fee as a starting point for any task that is a paying job. Task Manager 2005 then automatically works backward, using pre-loaded team member charge rates and the split percentages (as shown) to calculate how much time each participant should spend on a task. The resulting time budget can be shown on the Task Detail Report.

As with the Time Units Budget Method, you can use your own Quick Entry Templates based on Task Description to load these split percentages, or you can treat each Fee Breakdown Percentage as an ad-hoc entry. 

You may also fine tune for any adjustments (percentage split or team member) after a Quick Entry Template is loaded.

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Switching Methods 'on the fly'

To change from the Time Units Budget Method to the Fee Percentage Budget Method or vice-versa 'on the fly' for a particular task, select Tasks», Setup», Time Budget Method», Current Task», Change Now from the Task Manager 2005 top menu bar. 

You can also set the default budget method for new tasks on the same menu.