Registration of cost forecast

Infor LN allows you to register the cost forecast for a project. You must use either cost objects or cost types to view the cost forecast for the project:

  • If cost objects are used, you can maintain the cost forecast for all cost objects related to elements and activities and use the forecast option in the Control Inquiries (tpppc4850m000) session, the Display Financial Analysis (tppss0701m000) session, and the Generate Interim Results (tpppc3250m000) session to view the cost forecast.
  • If cost types is used, you can only maintain the cost forecast for activities, and use the forecast option in the Performance measurement sessions and the Performance Measurement using EVM (tppss0702m000) session.

The registration of the cost forecast is based on the leading forecast method defined in the Project Accounting Parameters (tpppc0100s000) session. You can use a forecasting method to forecast modifications to the budget or forecast extra unit costs or forecast the total project cost. These forecasts are displayed in the performance measurement and monitoring.

You can generate the cost forecast using these options/check boxes in the Generate Cost Forecast by Cost Object (tpppc2216m000) session or the Generate Cost Forecast by Activity/Cost Type (tpppc2226m000)session:

  • Generate Empty Forecast
  • Generate from Previous Date
  • Generate from Budget