Labor Cost Forecast (tpppc2136m000)
Use this session to maintain labor cost forecasts for the project. These values are used to compute forecast amounts in control enquiries and report sessions.
Field Information
- Project
-
The code of the project.
- Description
-
The description or name of the code.
- Project Status
-
The status of the project.
Allowed values
- Free
- Active
- Finished
- Closed
- Archived
- Registration Date
-
The date when the material cost forecast is registered.
- Cost Object
-
- Task
-
The task code.
Note:You can select the code from one of these sessions:
- Tasks (tppdm0511m000) session.
- Project Tasks (tppdm6511m000) session.
- Control Data (Labor Lines) (tpptc1536m000)
- Description
-
The description or name of the code.
- Reference Type
-
The reference type of the task. This indicates whether the control code is a standard or a project related task. S indicates that the control code is a standard cost object. P indicates that the control code is a project specific cost object.
- Element
-
The code of the element.
- Description
-
The description or name of the code.
- Work Authorization Status
-
The work authorization status of the element.
- Activity
-
The code of the activity.
- Description
-
The description or name of the code.
- Work Authorization Status
-
The work authorization status of the activity.
- Cost Component
-
The code of the cost component.
Note: You can only specify a cost component for which the Component Type is set to Detail or Collect in the Cost Components (tcmcs0148m000) session. - Description
-
The description or name of the code.
- Labor Type
-
The code of the labor type.
Note:The labor type is specified in the Labor Types (tcppl0130m000) session. If you change the value of this field, the cost rate is recalculated on the basis of the new surcharge percentage. The formula is:
Cost Rate= Old Cost Rate * (1 + (Surcharge Percentage/100)) - Description
-
The description or name of the code.
- Currency
-
The currency specified for the cost object.
Note: This field is disabled if the Final Rate checkbox is selected. - Cost Rate
-
The standard cost of the task per unit.
Note:- This field is enabled only if you specify the value in the Forecast Hours field.
- This field is disabled if the Final Rate checkbox is selected.
- Currency Rate/Rate Factor
-
The currency rate.
- Final Rate
-
If this check box is selected, the Cost Rate is considered as the final cost rate.
Note:- If the forecast amount is modified with the Final Rate checkbox cleared, Infor LN recalculates the Cost Rate.
- If the forecast amount is modified with the Final Rate checkbox selected, Infor LN recalculates the Forecast Hours.
- Rate Factor
-
The rate factor.
- Text
-
Indicates if text is present.
- Cost
-
- Budget
-
The total amount of the task that is budgeted for the element or the activity.
- Quantity
-
The total number of the budgeted labor hours for the element or the activity.
- Earned Value
-
The earned value.
- Physical Progress
-
The physical progress percentage.
- Actual
-
The actual cost of the task.
- Quantity
-
The actual number of the labor hours specified on the cost line.
- Forecast
-
- Forecast Hours
-
The hours forecasted for the task.
- Cost Amount
-
The total forecasted cost amount of the task.
- Cost Amount (Home Currency)
-
The total forecasted cost amount of the task that is expressed in home currency.
- Home Currency
-
The home currency code.
- Estimated Extra Costs
-
The additional amount over the estimated budget amount.
Note: This field is visible only if the Leading Forecast Method field is set to Estimated Extra Costs, in the Project Accounting Parameters (tpppc0100s000) session. - Estimate to Complete
-
The estimated cost to complete the activity.
Note: This field is visible only if the Leading Forecast Method field is set to Estimate to Complete, in the Project Accounting Parameters (tpppc0100s000) session. - Estimate at Completion
-
The estimated cost at the project completion.
Note: This field is visible only if the Leading Forecast Method field is set to Estimate at Completion, in the Project Accounting Parameters (tpppc0100s000) session. - Approved
-
If this check box is selected, the forecasted labor cost amount is approved. Only the approved cost forecast reports are considered for cost control and interim results.
Note: After the forecasted amount is approved, you cannot modify the forecast data.
- Variance
-
- Variance
-
The actual cost variance of the task.
- Forecast Variance
-
The forecasted cost variance of the task.