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.