This announcement represents a single point in time. Future releases may impact the information below.
Feature Announced: June 24, 2020 / Feature Released: July 14, 2020
Project Financials: New 'Procore Labour Productivity Cost' Budget View
Procore users now have access to a new 'Procore Labour Productivity Cost' view in the Company Admin tool's list of standard budget views. Building off the Real-Time Labour Productivity update released earlier in 2020, this new view provides Procore customers using Procore's Project Financials and Field Productivity tools with the ability to gain greater insight into your project's production rates to make better decisions that maximise 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 Variations.
- Collect production units from site personnel with Timecard Entries in the Timecards and Timesheets tools.
- Track and compare budgeted production units to installed production units using Procore's Budget and Reports tools.
The 'Procore Labour Productivity Cost' budget view update is a follow-up release to a series of productivity enhancements. For information about these releases, see Project Financials: Enhancements for Unit-Based Financials, Project Financials: Consistent & Custom Units of Measure, and Project Financials: Real-Time Labour Costing with Field Productivity.
- What are 'production quantities'?
- Who can use the 'Procore Labour Productivity Cost' budget view?
- How does the 'Procore Labour Productivity Cost' budget view work?
- Can we sync production quantities with the ERP Integrations tool?
- Want to learn more?
What are 'production quantities'?
Production quantities are a measurable amount of work on a construction project. For example, cubic yards of concrete, number of light fixtures or linear feet of piping. In Procore, there are two types of production quantities:
- Budgeted production quantities refers to the measurable amount a team plans to install on a project.
- Installed production quantities refers to the actual amount installed on a project by a point in time.
ImportantIf Procore's Field Productivity tools under 'Workforce Management' are enabled on your company's Procore account, the Work Breakdown Structure's custom segment objects and features are not yet supported. To learn more, see Are custom segments compatible with Procore's Field Productivity tools?
Who can use the 'Procore Labour Productivity Cost' budget view?
To use the 'Procore Labour Productivity Cost' budget view, your Procore company account must be using Procore's Field Productivity and Project Financials tools. For setup instructions, see Set Up the Procore Labour Productivity Cost Budget View. The image below shows you the new view when its applied to the Budget tool.
How does the 'Procore Labour Productivity Cost' budget view work?
With the new 'Procore Labour Productivity Cost' view, you can:
- Leverage the default 'Procore Labour Productivity Cost' budget view to track production quantities and gain insight into production rates. Your company's Procore Administrator can customise this view using the Company Admin tool. See Enable the Labour Productivity Cost Features for Project Financials and Set Up the Procore Labour Productivity Cost Budget View.
- Choose from new and existing methods to add budgeted production quantities to Procore:
- Add budgeted production quantities to the Production Quantities tab in the Budget tool. See Add Budgeted Production Quantities to a Project's Budget.
- Import budgeted quantities using the 'Budgeted Quantities' tab in the downloadable Microsoft Excel template. See Import a Budget.
Note: If the Timesheets tool is enabled on the project, you can also import budgeted production quantities using the downloadable Microsoft Excel template on the 'Unit Quantity Based Budget' page of the Admin tool. See Import Budgeted Production Quantities.
- Choose from new and existing methods to add installed production quantities to Procore:
- Add installed production quantities to a timesheet from the Procore web application, Procore for Android or Procore for iOS. For details, see:
- For companies not using the Timesheets tool, add labour hours as production quantities when creating a timecard entry in the Site Diary tool. See Create Timecard Entries.
- Import installed production quantities into the Budget tool using a downloadable Microsoft Excel template. See Import Installed Production Quantities for the Labour Productivity Cost Budget View.
Note: Keep in mind that Site Diary productivity entries (see Create Productivity Entries) and quantity entries (see Create Quantities Entries) do not interact with the 'Procore Labour Productivity Cost' budget view at this time.
- Compare installed production quantities entered in timecard entries with the budgeted production quantities by creating a 'Field Production Report.' See Set Up and View a Field Production Report.
- Revise production quantities using Procore's change management tools:
- Add production quantities to a budget from a change event. See Record Changes to Production Quantities in a Change Event.
- If your project's main contract is set to use a 2-tier or 3-tier variation setting, add production quantities by creating a Main Potential Variation (Prime PV). See Record Changes to Production Quantities in a Main Potential Variation.
- If your project's main contract is set to use a 1-tier variation setting, add production quantities by creating a Main Contract Variation (MCV). See Create a Main Contract Variation (MCV).
- Note: At the time of this release, the CSV/PDF export files for a MCV does not include production quantities.
Can we sync production quantities with the ERP Integrations tool?
For companies using the ERP Integrations tool, the production units in Procore do not sync with your integrated ERP system. Currently, the sync is amount-based only and you would need to manually enter the units in both Procore and in your intergrated ERP system. Customers using third-party accounting integrations on the Procore App Marketplace will have access to the public API endpoints.
Want to learn more?
View a recorded webinar, hosted by Procore's Strategic Product Consultant (SPC) team on July 10, 2020, where we review the new Labour Productivity Cost budget view in Project Financials. Register now to watch the recording on-demand.
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