ARGUS Developer Release Notes
Transcription
ARGUS Developer Release Notes
ARGUS Developer v7.0 Product Release Notes Document Version 1.02 May 21st, 2015 ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.00.002.035 Error! Unknown document property name. Release Notes for ARGUS Developer v7.0 May 21st, 2015 Published by: ARGUS Software, Inc. 3050 Post Oak Boulevard Suite 900 Houston, Texas 77056 Telephone (713) 621-4343 Facsimile (713) 621-2787 www.argussoftware.com Information in these release notes is subject to change without notice and represents no commitment on the part of ARGUS Software. These release notes are copyright © 2015, ARGUS Software. All rights reserved. These release notes are a confidential and proprietary trade secret of ARGUS Software and its licensors, made available only under a license containing obligations of confidentiality. Information in these release notes is subject to change without notice. "ARGUS Software" is a trademark of ARGUS Software, Inc. All other trademarks and registered trademarks are property of their respective companies. 2 ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 ARGUS Developer v7.0 ARGUS Developer System Requirements ............................................................................................................... 4 System Requirements ........................................................................................................................................ 4 Permissions ........................................................................................................................................................ 5 Further documentation about this product ....................................................................................................... 6 Enhancements Introduced in 7.00.002.035............................................................................................................ 7 Enhancements Introduced in 7.00.000.144............................................................................................................ 7 Fixed Defects in ARGUS Developer 7.00.002.035 ................................................................................................. 10 Fixed Defects in ARGUS Developer 7.00.001.003 ................................................................................................. 12 Fixed Defects in ARGUS Developer 7.00.000.144 ................................................................................................. 13 ARGUS Software – An Altus Group Company 3 Release Notes for ARGUS Developer v7.00.002.035 Error! Unknown document property name. ARGUS Developer System Requirements Before you Begin Before starting to install ARGUS Developer, please take a moment to make sure that you have fulfilled the following prerequisites. System Requirements The following represents minimal supported system requirements for use of ARGUS Developer v7.00.002.035: Client & Workstation PC Requirements: Component Computer and Processor Required 1.5 gigahertz (GHz) processor or higher Memory 2 gigabyte (GB) RAM or higher Hard Disk 500 megabytes (MB) Display SVGA 1024x768 or higher resolution Operating System Microsoft Windows Vista™ with SP1 (32-bit or 64-bit); Microsoft Windows 7™ (32-bit or 64-bit) , Microsoft Windows 8™ (32bit or 64bit) Other Installation of the Microsoft .NET Framework 4.0™ or higher Export to PDF requires an accompanying reader such as Adobe Acrobat Reader. Additional Some functions, such as Microsoft Excel Export and Import Requirement, require Microsoft Excel 2007™ or higher. For the Excel Analysis Reports, require Microsoft Excel 2010™ or higher. Application Server Requirements: Component Required Dual processors rated faster than 2.5 gigahertz (GHz) Recommended Quad processors rated faster than 3.0 GHz RAM 4 gigabytes (GB) 8 GB Disk NTFS file-system formatted partition with at least 3GB of free space with the operating system (O/S) installed Operating System Windows Server 2008™ Std x86 or x64 Other Microsoft .NET Framework 4.0™ Processor Windows Server 2012™ Std x64 Supported Database Environments (please note for user to be able to connect to SQL Server with Windows authentication, users need to be set up as users by the SQL Server administrator): 4 ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 MS SQL SERVER 2008™ (Recommended) MS SQL SERVER 2008 R2™ MS SQL SERVER 2012™ MS SQL Compact v3.5™ service pack 2 (subject to a database size limit of 4Gb – which approximates to 500 .wcfx files containing on average 5 phases based on a 5 year timescale) In addition, a shared installation of SQL SERVER Express equivalents of the above are also supported. However, the following limitations apply to SQL Express installed on a server: o o o 10 GB database Single core processing 1 GB RAM NOTE: This version of ARGUS Developer only supports Windows Authentication but does not currently support SQL Server Authentication, when connecting to a MS SQL Server™ instance. Permissions Whether ARGUS Developer is installed on a single PC or a server with many workstations, you will need the appropriate permissions to allow the installation of the software in compliance with your organisation’s IT policies. The following are the levels of permissions required: Local Administrator – access rights to the individual PC/workstation Network Administrator – access rights to configure servers Database Administrator – administers any database systems held on your servers Application Administrator- Controls the set-up and configuration of ARGUS Developer Action Local Network SQL Server –install pre-requisite Local SQL Server – install pre-requisite Install ARGUS Developer7 – workstation Setting up ARGUS Developer v7 configuration Application Install ARGUS Developer7 – network Database configuration utility Administrator Type Network Database Whilst ARGUS endeavours to correct known issues, software is provided "as is" without warranty of any kind, express or implied. In no event shall ARGUS be held liable for any direct, indirect, incidental, special or consequential damages arising out of the use of or inability to use this software. ARGUS recommends that clients check new versions in a test environment before releasing to their users. ARGUS will provide test licences to all clients under support who wish to upgrade to the new version. ARGUS Software – An Altus Group Company 5 Release Notes for ARGUS Developer v7.00.002.035 Further documentation about this product Error! Unknown document property name. Further documentation including these Release Notes can be found in the ARGUS Developer>Region>[select relevant region] folder or downloadable from the ARGUS Software website: http://customer.argussoftware.com/site/downloads/ARGUSDownloadsNewDev.htm. This includes the following documents: ARGUS Developer Release Notes version 7.0.pdf – These Release Notes in PDF format. ARGUSDeveloperInstallGuide.pdf - The installation guide in PDF format. Import Actuals Data.pdf – This guide details the file formats and process to Import actuals data into ARGUS Developer. Calculations Manual.pdf - This is a guide to the main calculation methods employed in ARGUS Developer. Quick Start Guides – These handy guides show you the basics to get you started using the Project and Snapshot (if licence acquired) modules. User Guide - A printable version of the context sensitive help system is downloadable from the ARGUS Software website. 6 ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 Enhancements Introduced in 7.00.002.035 The following are enhancements, features, and modifications added in ARGUS Developer. Description Type Import/Export – The following files formats or data sets can now be imported/exported: Platform Export Portfolio – contains all project data including cost code information in the .adx format Export Cost Code – export a cost code set in an xml format Export Template – export a project as a template for future repeat use Export to version 6.5 – export an ARGUS Developer v7.0 project to enable it to be read by version 6.5 Import Developer Portfolio – import a portfolio .adx file Sensitivity Analysis - Export your sensitivity analysis results into Excel Sensitivity Analysis Enhancements Introduced in 7.00.000.144 The following are enhancements, features, and modifications added for the new Snapshot module in ARGUS Developer. Snapshot Module [These enhancements will be only available if the user has acquired the additional Snapshot module. Please contact ARGUS Software for more details] Description Type Budget Cash Flow - is a powerful analysis tool to: Budgeting Compares the budget of all costs, revenues and financial (including Structured Finance) records against the latest forecast Enable to track the progress of development projects Ability to re-forecast your model to account for actual spending Calculate KPI’s based on forecasts and actual costs and revenues from accounting systems KPI Budget Dashboard – Compares the original budget KPI’s to the current KPI’s showing the fixed and percentage variance Budgeting Spread Variance editor – where actual spending varies from the forecast, redistribute or absorb the variances into future periods. 5 options option are available for re-modelling the variances: Re-modelling Add to the next distribution period Add to the last distribution period Spread evenly over the remaining distribution periods Spread proportionally over the remaining distribution periods Manually adjust the future forecasts View mode - controls which view of the Budget & Project Cash Flow is displayed: ARGUS Software – An Altus Group Company User Interface 7 Release Notes for ARGUS Developer v7.00.002.035 Description Error! Unknown document Type property name. Actual/Forecast – this is the up to date view of your project model. It contains actuals that have been imported and the corresponding forecasts for future periods Original Budget – this is the view of your project when the Original Budget was created. Revised Budget – this is a view of your project when the Revised Budget was created. Current Forecast - this is a dynamic view of the Project Cash Flow (excluding actuals) Budget Reports – Consolidate information across multiple portfolios and projects that contain imported actual transaction data in three new reports: Budget Summary Cash Flow Actual Transactions Log – see details of what has been imported Cost Codes (chart of accounts) – are the primary system data component when configured in ARGUS Developer allows it to work with a variety of external data sources Import Actuals Data - the ability to import actual transaction from an external Finance/Accounting systems: Reporting Platform Platform Configure a direct connection to your external system Import via .csv or .xml files ARGUS Developer now uses a database platform and supports SQL Server and SQL Compact Edition. SQL Compact Edition is ideally suited to single-user installations Existing ARGUS Developer models (.WCF, .WCFX) must be imported into the database, either on a one-by-one basis, or as a batch, before they can be used. Database A new File tab contains the Backstage for all file, database and configuration options. All things that you can ‘do to’ a project are available here. Backstage Area Manage individual users and user groups to apply security using system permissions Security Snapshot specific sample files : To assist you with how some of the new features work, sample data files can be found in the ARGUS Software installation sub-folder Region > [my region] > Data Sample Data File Formats [myregion] Sample Cost Codes .xml : contains a set of cost codes that will allow the actuals from the sample .csv file be imported into the sample model (see Help files > Cost Codes) Lark Wood Pond [myregion] sample project.wcfx : an ARGUS Developer project file with sample cost codes already assigned to the items in the Project Cash Flow (see Snapshot Quick Start Guide) Lark Wood [myregion] Sample Actuals.csv : contains several months of sample actuals data that can be imported into your sample model (see Snapshot Quick Start Guide) 8 ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 Known Issues and Workarounds in ARGUS Developer 7.0 Item Description Workaround 17760 VAT on Revenue collected as part of sales proceeds calculates as positive receipt rather than cost As this VAT tax is a pass through, and Developer does not currently tie the receipts of tax collections to the eventual tax payments, it is suggested that the amounts be entered as 0.01 as a placeholder 19716 Reserve Account Balance is negative at the end of the cash flow Try restricting the distribution of profit from the reserve account until the final project cash requirement 65799 When selecting the Repay Balance functionality on a Timed Repayment Line in the Finance Cash Flow, an outstanding balance still remains. Manually enter a value into the Timed Repayment Line to ensure outstanding balance is 0 73009 Hotkeys are not enabled for the Portfolio & Project browsers in the Backstage Area Use buttons or right-click context menus to perform actions 75359 "Devwin.exe has stopped working" error is displayed on closing the application, Devwin.exe process is still running even after closing the application Use Windows Task Manager to end process 80129 If a user has created a connection to SQL Server using SQL Server authentication in the database wizard, on logging on to AD an error message "Could not verify the password is seen" is displayed Use Windows Authentication to connect to the SQL Server instance 81125 ‘TPeriodSplitDCFCycleCalculator: Period must be a greater than 0’ error exception message is displayed Ensure when editing Cash Flow View Cycle, the ‘Months in cycle’ is set to be greater than 0 83461 When the display settings in Windows (7 & 8) is set to a DPI higher than 'Smaller', the text in a number of screen & editors do not change Leave DPI setting on the “smallest” setting and re-boot the computer to ensure the setting is applied UK users only Following the Stamp Duty reforms announced in the UK Government’s 2014 Autumn Statement to Parliament, the supplied Stamp Duty scheme template (see Help > Acquisition Costs > Stamp Duty) in ARGUS Developer has been updated to reflect these reforms. They came into effect for residential properties on 4th December 2014. In addition, the Scottish Parliament has been granted the power to set their own rates for Land & Buildings Transaction Tax. The proposed new rates are due to come into effect on 1st April 2015. For further details, follow the link: https://www.gov.uk/stamp-duty-land-tax-rates ARGUS Software – An Altus Group Company 9 Release Notes for ARGUS Developer v7.00.002.035 Error! Unknown document property name. Fixed Defects in ARGUS Developer 7.00.002.035 Item Release Description Area User Interface 20048 7.0 Letting Agent Fees: Unable to switch off letting cost on renewal of lease 43037 7.0 Operated Assets – Room Occupancy Profile: Cannot edit the Profile name after clicking the Delete button 73524 7.0 Budget Cash Flow: Copy Row & Copy Cell functions are disabled when the Cash Flow Context menu is selected User Interface 74352 7.0 Project Cash Flow: ‘Interest Totals’ button is disabled on Cash Flow context ribbon tab User Interface 76573 7.0 Print Preview: Adding watermarks to a report leads to very large fonts being displayed on the report Reporting 76577 7.0 Backstage Information: Cannot sort the information by date or version User Interface 78457 7.0 Project Cash Flow: Access violation occurs when copying & pasting a cost code to other rows in the Project Cash Flow User Interface 78474 7.0 Budget Reports: Projects that do not have a budget created are included in the Budget Reports Reporting 78480 7.0 Cost Codes: A two level cost code format displays a trailing dash on the dropdown list when assigning a cost code in the Project Cash Flow Formatting 79163 7.0 Cost Codes: If the Cost Code description is updated, it is not updated if that Cost Code has been assigned to a row in the Project Cash Flow Cost Codes 80039 7.0 Revised Budget: ‘Delete Revised Budget’ deletes all imported actuals Budgeting 80652 7.0 Timescale & Phasing: Imported actuals are moved by a corresponding number of months, forwards or backwards when the Project Start Date is changed Timescale & Phasing 81429 7.0 Cost Codes: Editing state for Cost Codes displays text as unreadable Formatting 81584 7.0 Budget Cash Flow: Creating an original budget when the Finance Phase Group is unchecked displays the error message “Cannot determine the first linked phase” Budgeting 81708 7.0 Installation: Unable to do a network installation to a mapped network drive when doing an Upgrade to ARGUS Developer 7.0 from an earlier version Installation 81770 7.0 Allocate Actuals: Unable to Allocate Actuals if a source cost code format of one level has been used Cost Codes 10 Operated Assets ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 Item Release Description Area 82270 7.0 Cost Codes: A newly added cost code item cannot be mapped when the cost code set it belongs to is already in use Cost Codes 82399 7.0 Project Template: When the currency is edited for a template, it does not persist. When a new project is started using the template, the currency reverts to the original setting Templates 82591 7.0 Original Budget: Once an Original Budget is created, the Finance Type can be changed Budgeting 83285 7.0 Export Data: A project that is exported does not have its changes saved to the database if another project is subsequently imported Import/Export 83652 7.0 Structured Finance: Equity Multiple calculation does not take into account any Timed Contributions Calculation 85371 7.0 Importing Actuals Data: Actuals data can be imported into a closed period 85564 7.0 Budget Cash Flow: Unit information is not being saved to the Original Budget when the project is re-loaded 85751 7.0 Export Portfolio: Unable to export a portfolio if the user does not have a Snapshot licence ARGUS Software – An Altus Group Company Import/Export Budgeting Import/Export 11 Release Notes for ARGUS Developer v7.00.002.035 Error! Unknown document property name. Fixed Defects in ARGUS Developer 7.00.001.003 Item Release Description Area User Interface 81369 7.0 Projects – Delete Projects: Deleting a project which has been opened, deletes the first project in the portfolio instead 81541 7.0 Pro-forma/Appraisal Summary: When escalation/growth is applied to Sales values, the Adjustment & Net Sale columns are not displayed on the Proforma/Appraisal Summary 12 Reporting ARGUS Software – An Altus Group Company Release Notes for ARGUS Developer v7.0 Fixed Defects in ARGUS Developer 7.00.000.144 Item Release Description Area 29143 7.0 Operated Assets: Start date displayed in the Rates & Occupancy tables does not agree with selected income flow start date when accessed via the main toolbar Capitalised Rent 40113 7.0 Cash Flow Options: Changes to the ‘Number of Calculation Iterations’ field were not being saved and applied Structured Finance 42096 7.0 Summary Report: Total Area and formatting of Imperial/Metric units were incorrect on the Summary/Pro-forma Report when merged phases selected Reporting 43401 7.0 Summary Report: Currency symbol is displayed on some fields and not on others Reporting 43413 7.0 Summary Report: does not have a blank line to separate Sales totals from the Purchaser's Costs/Sales Fees Reporting 43418 7.0 Summary Report: Heading Additional Revenue appears on the Summary Report when no additional revenue has been entered Reporting 43419 7.0 Summary Report: Underlining of the Construction Totals is incorrectly placed Reporting 43605 7.0 Net Operating Income Report: Report analysis years do not correspond to the years defined by the Project timescale Reporting 43642 7.0 Summary Report: Page does not refresh figures (Equity IRR%) when the option "Include Interest and Finance Fees in IRR Calculations" is turned on/off Calculation 50100 7.0 Summary Report: Cost type "Revenue reducing cost" does not appear Reporting 50507 7.0 Finance Cash Flow: When tax is applied, the Summary By Source view does not calculate the After Tax Equity IRR Calculation 50912 7.0 Sensitivity Analysis: Data shown as "N/A" within the Analysis Results tab is displaying a value instead when generating a report Sensitivity Analysis 53415 7.0 Additional Related: Line item entered in 'Acres' shows up in pro forma as ‘pf2’ Formatting 53739 7.0 Detailed Cash Flow Report: will not print in portrait Reporting 55652 7.0 Element Cost Summary Report: Total Construction Estimate Line is not displayed Reporting 64538 7.0 Additional Revenue: manual adjustments to data distribution automatically revert to Phase Start timing 64691 7.0 Sensitivity Analysis: Sensitivity fields not being loaded into Setup tab 64790 7.0 67256 7.0 Leasing Commission Profile: If checked, Renewal Rate on First Renewal Only calculates ALL renewals. If unchecked, Renewal Rate on First Renewal Only calculates only the first renewal Add New Finance Structure: When creating new a Finance Structure, the Mortgage is active by default – it should be inactive ARGUS Software – An Altus Group Company User Interface Sensitivity Analysis Capitalised Rent Structured Finance 13 Release Notes for ARGUS Developer v7.00.002.035 Item Release Description Error! Unknown document property name. Area 68138 7.0 Export Reports: Stream write error occurs when trying to export reports to .rtf format in a Citrix environment 68338 7.0 Enhanced Excel Analysis: Error exporting file to Excel 70148 7.0 Copy Finance Structure: Date and settings are not correctly copied 70181 7.0 Geared IRR: When Interest Cost assumptions have been excluded, they are still included in the calculation of Geared IRR Calculation 70183 7.0 Finance Cash Flow: Class "TreXMLDeveloperData" cannot read Element "Developer data" error message displayed when re-allocating cash in the Finance Cash Flow Structured Finance 70184 7.0 Enhanced Excel Analysis: 'Discrepancies exist in Key Profit KPIs in this workbook; please see top of DataCheck worksheet for details.' being displayed even if there no discrepancies during the exporting of data Analysis Reporting 70336 7.0 Project Cash Flow: Cannot copy & paste from Excel into Project Cash Flow User Interface 70341 7.0 Structured Finance IRRs: ‘Maximum Number of iterations reached’ error message displayed even if the IRR has been calculated Structured Finance 70422 7.0 Balancing Account: The Fixed Contribution is displaying values when it should be 0 Structured Finance 70698 7.0 New Source of Funds: Creating a new Source of Funds from Sources tab does not appear for selection on Profit Distribution tab Structured Finance 72604 7.0 Mortgages – Income Selection: The areas selected are not maintained when navigating to other areas of the application Structured Finance 72669 7.0 Funding Source Cash Flow Report: Access Violation error occurs when Previewing Funding Source Cash Flow report Reporting 72923 7.0 Finance Cash Flow: Construction loan is not paid down when mortgage proceeds are applied Structured Finance 74807 7.0 Mortgages: ‘Month to Repay Mortgage’ column not retaining user input when reloading data file Structured Finance 76426 7.0 Licence Maintenance: 4 Combi licences allowed to be activated but ARGUS Developer only recognises 3 76804 7.0 Timescale & Phasing: ‘Integer Overflow’ error when changing the number of months in Timing & Phasing editor User Interface 76827 7.0 Stamp Duty Configuration Template: Cannot add or modify Stamp Duty schemes User Interface 79265 7.0 Sensitivity Analysis: Analysis Results are not displayed when selecting Operated Asset models 14 Reporting Analysis Reporting Structured Finance Platform Sensitivity Analysis ARGUS Software – An Altus Group Company