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