Cost Forecast by Project/ Activity/ Control Code

The Cost Forecast by Project/ Activity/ Control Code 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 control code level.

Note:

You can manually define the Forecast Inflation Index % only at the control code level.
Generate and approve the forecast (in Infor LN) of all the budget lines in Infor LN, for an optimal BI forecast.

To generate the report, specify:

Company
The code of the company.
Project
The code of the project (range) for which the report is generated.
Activity (Description)
The activity linked to the project.
Currency Type
The type of the currency used for the project.

The report displays this data:

Control Code (Description)
The control code linked to the project.
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