Cost Forecast by Project/ Activity

The Cost Forecast by Project/ Activity report allows the project manager to analyze the expected future costs, the total cost required to complete the project and determine the budget variance, at the activity level.

Select the required activity to view the forecast data of the project at the project/ activity/ control code level.

To generate the report, specify:

• Company

  The code of the company.

• Project

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

• Currency Type

  The type of the currency used for the project.

The report displays this data:

• Activity (Description)

  The activity linked to the project.

• Progress %

  The progress data is populated from Infor LN.

• Currency

  The currency used to display the data in the report.

  Note: This value is based on the specified Currency Type.
• Budget

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

• 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