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