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  • Calculating Person Months: Formula: "% Effort X # Months Pay at FTE X % Appointment"

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    The document provides examples of calculating person months for budgeting purposes. It shows: 1) Assistant Professor Earhart will spend 90% of her effort over 9 months of the academic year and 40% in the summer, totaling 2.9 person months. 2) Secretary Joe Doe has a 100% appointment for 12 months at an annual salary of $37,000. He will devote 39% effort to a project, totaling 0.468 person months. 3) Person months are calculated by multiplying the percentage of effort by the number of months paid at the appointment percentage.

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    Person Months

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    Person Months

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    The document provides examples of calculating person months for budgeting purposes. It shows: 1) Assistant Professor Earhart will spend 90% of her effort over 9 months of the academic year and 40% in the summer, totaling 2.9 person months. 2) Secretary Joe Doe has a 100% appointment for 12 months at an annual salary of $37,000. He will devote 39% effort to a project, totaling 0.468 person months. 3) Person months are calculated by multiplying the percentage of effort by the number of months paid at the appointment percentage.

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    © All Rights Reserved
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    1 views1 page

    Calculating Person Months: Formula: "% Effort X # Months Pay at FTE X % Appointment"

    Uploaded by

    anupam20099
    The document provides examples of calculating person months for budgeting purposes. It shows: 1) Assistant Professor Earhart will spend 90% of her effort over 9 months of the academic year and 40% in the summer, totaling 2.9 person months. 2) Secretary Joe Doe has a 100% appointment for 12 months at an annual salary of $37,000. He will devote 39% effort to a project, totaling 0.468 person months. 3) Person months are calculated by multiplying the percentage of effort by the number of months paid at the appointment percentage.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    Calculating Person Months

    Formula: % Effort x # Months Pay at FTE x % Appointment

    Budget Example 2

    Assistant Professor Earhart has an academic appointment (nine months ! "he #ill expend $%% of her effort on an Air Force pro&ect for the academic year' and ((% effort in the summer! Person months are calculated as follo#s: Academic )ear * $%% effort x + months (%!$% x + "ummer * ((% effort x , months (%!(( x , * $!+Total Person months (rounded off)

    * 0.9 months

    * 2.0 months 2.9 months

    .f Professor Earhart had a t#el/e0 month (calendar appointment' and expended $%% effort for the year' her person months on the pro&ect #ould 1e calculated 1y multiplyin2 %!$% 1y $3 months to arri/e at $!3 months! "ecretary 4oe 5oesitall has an -%% time appointment for the $30month year' #ith a current 1ase salary of 637'(%% annually! 8e #ill de/ote 39% of his effort to a pro&ect! "tep $ To calculate 4oe 5oesitall:s academic year salary' di/ide his annual salary of 637'(%% 1y $3 months! 8is monthly salary * ;;;;;;;; "tep 3 8e #ill expend 39% effort on the pro&ect! Multiply his monthly salary of 63',%% 1y $3' then multiply 1y %!39! (63',%% x $3 x %!39 * ;;;;;;;; Person months for 4oe 5oesitall are calculated as follo#s: "tep $ Multiply percent of effort 1y $3 months 1y -%% appointment (%!39 x $3 x -%%

    Budget Exercise 2

    * !!!!!!!!!

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