Cost Forecast

Cost Forecast by Project
 

Cost Forecast by Project

The Cost Forecast report allows the project manager to analyze the expected future costs, the total cost required to complete the project and determine the budget variance.

Select the required project to view the forecast data of the project at the activity level.

To generate the report, specify:

  • Currency Type
    The type of the currency based on which the report is generated.
  • Company
    The code of the company.
  • Project
    The project (range) for which the report is generated.
  • Status
    The project status.
  • Acquiring Method
    The method used to acquire the project.
  • Financing Method
    The financing method used for the project.
  • Business Sector
    The section of economy related to business and corporate organizations. Projects can be categorized based on the business sector.
  • Geographical Area
    The geographical area associated with the project.
  • Category
    The user-defined classification of the projects.
  • Program
    A group of related projects managed in a coordinated way to obtain more benefits and control.
  • Project Manager
    The employee who manages the project.

The report displays this data:

  • Budget
    The budget data is based on the last approved version in the BI.
  • Actual Cost
    The cost data is populated from Infor LN
  • Progress
    The project progress data is populated from Infor LN.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Cost
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted amount and the estimated amount at the end of the project.

      Variance At Completion = Budget - Estimate At Completion

 

 
   
Cost Forecast by Project/ Activity
 

Cost Forecast by Project/ Activity

The Cost Forecast by Project/ Activity report allows the project manager to analyze the expected future costs, the total cost required to complete the project and determine the budget variance, at the activity level.

Select the required activity to view the forecast data of the project at the project/ activity/ control code level.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The project (range) for which budget report is generated.
  • Currency Type
    The type of the currency based on which the report is generated.

The report displays this data:

  • Activity (Description)
    The activity linked to the project.
  • Progress %
    The project progress data populated from Infor LN.
  • Currency
    The currency used to display the data in the report. Note: This value is based on the selected Currency Type.
  • Budget
    The budget data is based on the last approved version in the BI.
  • Actual Cost
    The cost data is populated from Infor LN

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Cost
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted amount and the estimated amount at the end of the project.

      Variance At Completion = Budget - Estimate At Completion

 

 
   
Cost Forecast by Project/ Activity/ Control Code
 

Cost Forecast by Project/ Activity/ Control Code

The Cost Forecast by Project/ Activity/ Control Code report allows the project manager to analyze the expected future costs, the total cost required to complete the project and determine the budget variance, at the control code level.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The project (range) for which budget report is generated.
  • Activity (Description)
    The activity linked to the project.
  • Currency Type
    The type of the currency used to display the data in the report.

The report displays this data:

  • Control Code (Description)
    The control code linked to the project.
  • Currency
    The currency used to display the data in the report. Note: This value is based on the selected Currency Type.
  • Budget
    The budget data is based on the last approved version in the BI.
  • Actual Cost
    The cost data is populated from Infor LN.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Cost
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted amount and the estimated amount at the end of the project.

      Variance At Completion = Budget - Estimate At Completion

 

 
   
Hours Forecast by Project
 

Hours Forecast by Project

The Hours Forecast by Project report allows the project manager to analyze the planned hours, the actual hours utilized to complete the project and determine the variance, for the specified range of data.

Select the required project to view the hours forecast data of the project at the activity level.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The code of the project for which the report is generated.
  • Status
    The project status.
  • Acquiring Method
    The method used to acquire the project.
  • Financing Method
    The financing method used for the project.
  • Business Sector
    An area of commercial endeavor. Projects can be categorized based on the business sector.
  • Geographical Area
    The geographical area associated with the project.
  • Category
    The user-defined classification of the project.
  • Program
    A group of related projects managed in a coordinated way to obtain more benefits and control.
  • Project Manager
    The employee who manages the project.

The report displays:

  • Project
    The project for which the forecast report is generated.
  • Planned Hours
    The budgeted number of hours required for the completion of the project.
  • Actual Hours
    The actual number of hours utilized to complete the project.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Hours
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted hours and the estimated hours, at the completion of the project.

      Variance At Completion = Planned Hours - Estimate At Completion

 

 
   
Hours Forecast by Project/ Activity
 

Hours Forecast by Project/ Activity

The Hours Forecast by Project/ Activity report helps the project manager to analyze the planned hours, the actual hours utilized to complete the project and determine the variance; at the activity level.

Select the required activity to view the hours forecast data of the project at the project/ activity/ control code level.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The code of the project for which the report is generated.

The report displays:

  • Activity (Description)
    The activity linked to the project.
  • Progress %
    The project progress data populated from LN.
  • Planned Hours
    The budgeted number of hours required for the completion of the project.
  • Actual Hours
    The actual number of hours utilized to complete the project.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Hours
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted hours and the estimated hours, at the completion of the project.

      Variance At Completion = Planned Hours - Estimate At Completion

 

 
   
Hours Forecast by Project/ Activity/ Control Code
 

Hours Forecast by Project/ Activity/ Control Code

The Hours Forecast by Project/ Activity/ Control Code report allows the project manager to analyze the planned hours, the actual hours utilized to complete the project and determine the variance; at the control code level.

Note

The hours forecast report at the control code level is displayed only for the cost type, Labor.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The code of the project for which the report is generated.
  • Activity (Description)
    The activity linked to the project.

The report displays:

  • Control Code (Description)
    The control code linked to the project.
  • Planned Hours
    The estimated number of hours required for the completion of the project.
  • Actual Hours
    The actual number of hours utilized to complete the project.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Hours
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted hours and the estimated hours, at the completion of the project.

      Variance At Completion = Planned Hours - Estimate At Completion