Labour costs refer to the pro-rata personnel costs that are incurred when employees work on projects. For each time period, each employee can be attributed with an internal hourly rate that is used for calculating the labour costs. This allows you to identify the monetary costs incurred in addition to the time expenditures.
projectfacts always ascertains the current contribution margin of projects using the automatically calculated labour costs. A forecast for the future is also made on the basis of budgeted resources.
This means a project's profit information is always available. Another advantage is that employees who are able to view the finances are sensitised to the costs incurred since, for example, it's immediately transparent how much a project meeting has cost.