Control by Project (tpppc4510m000)

Use this session to monitor the projects that are executed. The actual cost control is aggregated at the project level.

This is one in a range of sessions that are available for monitoring projects. Each of the sessions provides a different level of detail.

 

Project

The project code.

Currency

The default currency in the overview session is the project currency.

Both in a dependent and in an independent currency system you can change this currency to other currencies with the Rotate Currency option. The following sequence is applicable:

  1. Project currency
  2. Local currency
  3. Reporting currency 1
  4. Reporting currency 2
Note

Only the last three currencies are home currencies.

Total Budget

The budgeted amount, which is shown in the control data.

Actual

The actual budget.

Earned Value

Displays the costs/quantities that are so far allowed (Earned Value). The performed are calculated as follows: actual progress multiplied by the budget.

Note

For exceptions on this calculation see: How LN calculates the performed.

Variance

The result's amount.

Revenues

The revenues that are posted to the history for all periods up to the current one.

WIP

The amount of work in process (WIP).

Main Project Total Cost Indicator

Indicates project totals.

Either of the following:

  • Main Project Total
  • Project Total
Actual

The actual costs (so without the commitments) posted to the history for all periods up to the current one.

Variance

The result's amount.

WIP

The amount of the work in process (WIP).

Incl. CommitActual

The amount that is spent (in this period) including commitments.

total spent = actual costs (this period) + commitments (this period)
Incl. Commit.Earned Value

The costs that you can incur in the current period.

Incl. Commit.Variance

The result is computed with the formula:

result = performed (this period) - actual costs (this period) - commitments (this period)
Excl. CommitActual

The actual costs (so without the commitments) posted to the history for the current period.

Excl. Commit.Variance

The result is computed with the formula:

result = performed (this period) - actual costs (this period)
Revenues

The revenues that are posted to the history for all periods up to the current one.

Actual

The result's amount excluding commitments.

Variance

The additional cost for the end of the project that is anticipated at the end of the current period.

Forecast Cost

The additional cost for the end of the project that is anticipated at the end of the current period.

Variance at Completion

The additional cost for the end of the project that is anticipated.

ForecastExtra Revenues

The additional revenue that is forecast for the end of the project and is anticipated at the end of the current period.