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.