Effective rate
Effective rate is the agreed price divided by original-scope time. Read it per phase or project, or blended across the budgeted projects on Profitability.
Price divided by original-scope time
Effective rate tells you what the agreed price currently earns per hour. For a budgeted phase, Phased divides its price by the original-scope time tracked on it. Time marked Out of scope is priced separately and does not lower this rate.
A phase priced at 1,500 earns 125 per hour after 12 original-scope hours. It earns 75 per hour after 20. With no budget, the price follows hours × rate, so the effective rate is simply the resolved hourly rate.
Phase, project and blended rates
- A phase row uses that phase's price and original-scope time.
- A project row adds the included phase prices, then divides by their combined original-scope time. It does not average the phase rates.
- Current effective rate blends the budgeted projects in the selected Active, Archived or All view. It divides their combined known prices by their combined original-scope time. If tracked work cannot be priced, the card marks the result as some unpriced instead of treating that work as zero.
These calculations use each phase's whole lifetime. The date range in Work value does not change the Budget performance rates.
Why a rate can be provisional
A fixed price divided by only the first few hours can look unusually high. While budgeted work is still in progress, Phased marks its effective rate with ~ to show that more time can still change it.
- A phase rate becomes final when you mark that phase done.
- A project rate becomes final when all its included phases are done.
- Archiving a project makes its project and phase rates final.
- Once a row is over budget, it is shown as a warning without the provisional marker.
Changing the live budget, rate or original-scope time recalculates the result. A report you already created keeps its frozen work, rates and amounts.