Prerequisites

• The baseline is defined to calculate the project performance and to time phase the project. The last approved baseline is considered the basis for time phasing and project performance report.
• Financial calendars and periods for which budget/ cost is defined, must be defined in Infor LN.
• The projects for which the reports are generated must be activity-based.
• Control data must be generated for the budget.
• The actual cost data is transferred from the project cost ledger or the cost history sessions.
• Generate and approve the forecast for all the budget lines in Infor LN, for an optimal BI forecast.

The options to view the actual cost for which the report must be generated:

• Actual Cost: Only the actual costs are displayed in the report.
• Actual Cost + Hard commitment: The sum of the actual costs and hard commitments is displayed.
• Actual Cost + Hard Commitment + Soft commitment: The sum of the actual costs, hard commitments and soft commitments is displayed.