| # Cost Forecast by Project The Cost Forecast report helps the project manager to analyze the expected future costs, total cost to complete the project and determine the budget variance. This report also allows the user to manually define the Forecast Inflation Index at the control code level. The various reports that can be generated: Cost Forecast by Project Cost Forecast by Project / Activity Cost Forecast by Project / Activity / Control Code The Cost Forecast report displays of following data: Budget data: Budget data is based on the last approved version in the BI. Actuals: Cost data is transferred from ERP Enterprise. Progress: The progress data is transferred from ERP Enterprise. Forecast: Forecast data is defined in the BI. Inflation Index: Mark up (or down %) to be applied on the Estimate To Complete amount. Note: Inflation Index is modified at the control code level. Estimate to Complete (ETC): Estimate-To-Complete is the additional cost required to complete an activity or a project. Estimate-at-Completion (EAC): Estimate-At-Completion is the total cost to complete an activity or project. Estimate To Complete = Estimate At Completion - Actual Cost Variance At Completion (VAC): Variance At Completion is the difference between the amount budgeted and the estimated amount at the end of the project. Variance At Completion = Budget - Estimate At Completion To generate the report: Specify the range of data for which you want to generate the report. Review the data. Click the project code in the Project field. Review the Cost Forecast by Project / Activity report at the activity level and also the estimate to complete, estimate at completion and the variance amounts. Click the activity code in the Activity field. You can view the Cost Forecast by Project / Activity / Control Code report for the specific data at the control code level. Note: You can modify the inflation index percentage. |