| Estimated-extra-cost (EEC)Estimated-extra-cost (EEC) means that you forecast on top of the
budget. If the budget is not correct, you can either change the budget or
forecast the budget deviation. If you choose to forecast the budget deviation,
you only need to register forecast for that part of the project scope in which
budget deviations are expected. However, you must still change your forecast if
changes in the budget occur. Step 1. Initially, if parts of the project scope require a forecast,
you insert a new cost forecast in the Cost Forecast Overview (tpppc2816m000) session for the current date. Step 2. If you want to insert the cost forecast periodically, you
can do this in the following ways: - If parts of the project scope require a new forecast,
insert a new cost forecast the Cost Forecast Overview (tpppc2816m000) session for the current date.
- If a large part of the project scope needs a new cost
forecast, generate the forecast records for the new date. You can then go
through the generated cost forecast records of the new date and modify the
forecast values if necessary. Generate cost forecast with the Generate from Previous Date check box selected. The
advantage of using this check box is that previous forecast values are visible
if you enter new values.
Step 3. If the work is completed, the estimate-to-complete must be
zero. To reduce the work of entering data, you can generate cost forecast with
the Generate Empty Forecast check box selected. If you want to monitor the result of the EEC procedure: - The variance at
completion (VAC) in the Control Inquiries (tpppc4850m000), the Performance Measurement (tpppc5840m000), and the Performance Measurement using EVM (tppss0702m000) is cost variance (CV) minus estimated extra cost
(EEC). Where cost variance (CV) is performed minus actuals.
- In the Display Financial Analysis (tppss0701m000) session, the entered estimated extra
cost (EEC) forecast amount can be displayed as additional planned cost on top
of the budget.
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