Using cost forecast

Infor LN uses the leading forecasting methods to forecast a project cost. The method is determined based on the value (method) selected in the Leading Forecast Method field in the Project Accounting Parameters (tpppc0100s000) session. The leading forecasting methods are:

• Estimate-at-Completion (EAC): The expected total cost at the end of the project.
• Estimate-to-Complete (ETC): The expected cost for the remaining work.
• Estimated-Extra-Costs (EEC): The total expected cost for all remaining work that is not yet budgeted.

Based on the selected leading forecast method, the representation of the forecast differs in:

• Control Inquiries
• Performance Measurement
• Performance Measurement using EVM
• Display Financial Analysis
• Generate Interim Results

If the EAC method is used:

• The EEC is not displayed when you specify the EAC.
• The forecast cost in the Control Inquiries sessions displays the specified forecast amount and forecast quantity.
• The EAC in the Performance Measurement sessions and the Performance Measurement using EVM (tppss0702m000) session display the specified forecast amount.

If the ETC method is used:

• The EEC is not displayed when you specify the ETC.
• The Control Inquiries sessions display the specified forecast amount and forecast quantity.
• The ETC forecast amount can be used in the Generate Interim Results (tpppc3250m000) session.

If the EEC method is used:

• During entry of the forecast, the values of the other forecast methods are not calculated and displayed as zero.
• The forecast cost in the Control Inquiries sessions displays the specified forecast amount and forecast quantity.
• The EAC in the Performance Measurement sessions and the Performance Measurement using EVM (tppss0702m000) session cannot be calculated and is set to zero.
• The EEC forecast amount can be used in the Generate Interim Results (tpppc3250m000) session.