How to use the Project Margins chart in VOGSY

VOGSY’s Project Margins chart is a vital tool for tracking the financial health and profitability of your projects in real time. Comparing planned financial outcomes versus actual margins enables proactive management to keep projects on budget and meet profit targets.

The chart visualizes three essential profitability indicators: 

• Calculated Margin: This represents the expected profit margin for a project based on the initial project budget, including planned costs (resources, expenses) and planned revenue (based on agreed-upon rates or fixed prices).

• Actual Margin: This shows the real-time profit margin calculated based on the actual costs incurred and the actual revenue recognized as the project progresses.

• Margin forecast: VOGSY can also provide a forecast of the final project margin, taking into account the work completed so far and the remaining planned work. This helps in predicting the profitability upon completion.

• Filter by Departments: View project margins for projects managed by specific departments.  

• Filter by Customers: Analyze the profitability of projects for particular clients.  

• Filter by Project Managers: Assess the performance of projects managed by individual project managers.  

• Filter by Project Status: Narrow your view on projects with a specific status (e.g., Opportunity pending, New, In Progress).  

• Filter by Labels: Use custom labels assigned to projects to filter the chart and analyze margins for specific categories of projects.

You can drill down to see more detailed financial information for individual projects by clicking on them within the chart. This will take you to the project card, where you can also see detailed costs, revenues, and margin calculations at the deliverable level.