Cost Forecast by Project
The Cost Forecast report allows the project manager to analyze the expected future costs, the total cost required to complete the project and determine the budget variance.
Select the required project to view the forecast data of the project at the activity level.
To generate the report, specify:
- Currency Type
The type of the currency used for the project.
- Company
The code of the company.
- Project
The code of the project (range) for which the 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
An 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.
The report displays this data:
- Budget
The budget allocated to the selected project. The Bottom-up budget specified in Infor LN (all budgets are considered irrespective of the status). This budget is Time Phased based on the Earned Value Method of the activity.
- Actual Cost
The cost data is populated from Infor LN.
- Progress
The progress data is populated from Infor LN.
- Forecast
- Estimate to Complete
The estimate to complete is the additional cost incurred for an activity or a project.
(Estimate To Complete = Estimate At Completion - Actual Cost)
- Estimate at Completion
The estimate at completion is the total cost incurred for an activity or a project.
- Variance at Completion
Variance at Completion is the difference between the budgeted amount and the estimated amount, at the end of the project.
Variance at Completion = Budget - Estimate at Completion
- Estimate to Complete