Material Cost Forecast (tpppc2116s000)
Use this session to maintain cost forecast for the combination of the project and the registration date for different item codes. These values are used to compute forecast amounts in control enquiries and report sessions.
Field Information
- Project
-
The project code.
- Description
-
The description or name of the code.
- Status
-
The project status.
- Registration Date
-
The date of the forecast cost variance.
- Cost Object
-
- Element
-
The element code.
- Description
-
The description or name of the code.
- Element Status
-
The work authorization status of the element.
Allowed values
- Free
- On Hold
- Released
- Finished
- Closed
- Activity
-
The code that identifies the activity.
- Description
-
The description or name of the code.
- Activity Status
-
The work authorization status of the activity.
Allowed values
- Free
- On Hold
- Released
- Finished
- Closed
- Cost Component
-
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.
- Item
-
The item code.
- Description
-
The description or name of the code.
- Currency
-
The currency code.
Note: This field is disabled if the Final Rate checkbox is selected. - Unit Cost
-
The unit cost per unit.
Note:- If you change the value of this field, LN recalculates the value of the Currency field.
- This field is disabled if the Final Rate checkbox is selected.
- Final Rate
-
If this check box is selected, the Unit Cost is considered as the final cost rate.
Note:- If the forecast amount is modified with the Final Rate checkbox cleared, LN recalculates the Unit Cost.
- If the forecast amount is modified with the Final Rate checkbox selected, LN recalculates the forecast quantity.
- Currency Rate/Rate Factor
-
The currency rate to convert the transaction currency to the home currency that is displayed.
- Rate Factor (Costs)
-
The rate factor.
- Text
-
If this check box is selected, a text is present.
- Cost
-
- Budget
-
The total budget amount.
- Quantity
-
The total quantity of the material that is budgeted for the element or the activity.
- Earned Value
-
The performed amount.
- Physical Progress
-
The progress percentage.
- Actual
-
The actual spent amount.
- Quantity
-
The actual quantity of the material specified on the cost line.
- Forecast
-
- Forecast Quantity
-
The quantity on which the forecast cost-variance is based.
- Unit
-
The unit of measure in which the quantity is expressed.
- Cost Amount
-
The amount of the cost forecast.
- Cost Amount
-
The home currency in which the cost forecast amount is expressed.
- Cost Amount in Home Currency
-
The cost forecast amount expressed in the home currency.
- Estimated Extra Costs
-
The amount you enter here is the estimated extra costs on top of your current budget.
Note: You can view this field only if the Leading Forecast Method field is set to Estimated Extra Costs in the Project Accounting Parameters (tpppc0100s000) session. - Estimate to Complete
-
The expected additional cost needed to complete an activity or project.
Note:This field is displayed only if the Leading Forecast Method field is set to Estimate to Complete or Estimate at Completion in the Project Accounting Parameters (tpppc0100s000) session.
This field is enabled 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 completion value is used to determine the cost at the end of a project.
Note:This field is displayed only if the Leading Forecast Method field is set to Estimate to Complete or Estimate at Completion in the Project Accounting Parameters (tpppc0100s000) session.
This field is enabled 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 cost amount is approved. Only approved cost forecast reports are considered for cost control and interim results.
Note: After the forecasted amount is approved, LN does not allow you to modify the forecast data.
- Variance
-
- Variance
-
The project's result amount.
- Forecast Variance
-
The project's forecast result amount.