Budget vs Actuals by Project

The Budget vs Actual by Project report displays the actual cost against the available budget for the selected project.

Select the required project and click Budget vs Actual by Project/ Activity to view the report.

To generate the report, specify:

• Company

  The code of the company.

• Currency Type

  The type of the currency used for the project.

• Project

  The code of the project (range) for which the budget report is generated.

• Status

  The project status.

• Acquiring Method

  The method used to acquire the project.

• Financing Method

  The financing method used for the project.

• Business Sector

  The area of commercial endeavor. Projects can be categorized based on the business sector.

• Geographical Area

  The geographical area associated with the project.

• Category

  The user-defined classification of the project.

• Group

  The user-defined classification of the project.

• Program

  A group of related projects managed in a coordinated way to obtain more benefits and control.

• Project Manager

  The employee who manages the project.

• Actual Cost

  Actual Cost = Actual Cost + Hard Commitment

  or

  Actual Cost = Actual Cost + Hard Commitment + Soft Commitment

The report displays:

• Project

  The code of the project for which the report is generated.

• Currency

  The project currency.

• Budget

  The budget allocated to the selected project. This is the Bottom-up budget specified in Infor LN (all budgets are considered, irrespective of the status).

• Actual Cost

  The actual cost incurred on the project.

• Balance Budget
  • Amount

    The balance amount calculated using the formula:

    (Budget - Actual Cost)

  • %

    The balance amount expressed as a percentage:

    ((Budget - Actual Cost)/ Budget))*100