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