Lesson 9 - Project Reporting: Report Tab

Table of Contents

Report Tab Use Cases and Benefits
The Project Report Locations
Required Permissions
Navigating the Project’s Report in Foresight
Setting Up Project’s Report
Explaining Calculations

Report Tab Use Cases and Benefits

Your firm’s financial status includes whether funds are scheduled or actual expenses. It is essential to understand the sources of both your planned and actual finances and what data they’re based on.

The primary purpose of a project’s financial report is to compare your plans with reality and monitor profitability trends in your project.

With a financial report, you can also observe whether margins increase or decrease over the following months.

The Project Report Locations

In Foresight Connect, there are two similar reports:

• Report in the Project’s Profile (Projects List Tab)
• Projects Finances Report in the Reports Tab

The Projects Finances Report is available in the Reports tab and requires financial permissions from the entire organization. The other, located in the Project’s Profile under the “Report” section, displays the same metrics. The difference is that the Projects Finances Report in the Reports Tab provides financial data for all projects across the company. In contrast, the Report in the Project’s Profile only shows financial data for the specific project you are managing and currently viewing.

Required Permissions

You must have specific permissions to manage this project or be assigned as a Project Manager to a specific project. Learn more about permissions in this article: Guide to User Permissions for Managers.

Navigating the Project’s Report in Foresight

Once logged in as a manager, go to the Projects List  in your primary navigation sidebar. Then click the project name to open its profile and click the Report section. 

Setting Up Project’s Report

The report is generated automatically and can be con figured as needed at any time.

Set up your report by configuring the following: 

• Time Frame 

• Assignment Types

Explaining Calculations

Scheduled finances come mainly from assignments. Actual finances, on the other hand, are generated from costs and revenues related to time entries and work logs. In Foresight, each time entry can be accessed, where costs and revenues can be determined. They can be automatically completed according to the manager's settings.