Allocate Estimate To Complete Values

Explanation

Assigning budget/forecast estimate to complete values is a process where you start with a budget on one particular level and assign it to another level or move it between the branches of a structure. This helps to make sure that control and comparison is made at the correct level, where the actual values appear. Using the Assign ETC function ensures that changes made are done in a controlled manor and with the possibility of adding notes to every move.

If multicurrency budgeting and forecasting and/or project currency is used it is possible to change the currency code between the source and the destination lines. In this case the changes needs to be validated against either the Base B&F Currency or the Project Currency. The validation rule can be set up in the Project/Currency tab.
 

Prerequisites

• A forecast line must exist with ETC values.

System Effects

• The amount specified will be allocated to the new or existing forecast line.

Window

N/A

Related Window Descriptions

Assign ETC Values

Procedure

1. Open the Project Forecast Info window and query for the required forecast.
2. Select the required forecast line with the ETC values that you wish to distribute.
3. Right-click on it and select the Assign ETC menu option.
4. Add a new line in the Destination table. You can select the exact destination that you want to enter the ETC values using the WBS/CBS button.
5. Enter the cost element and the ETC amount in the relevant moved column. The remaining and moved fields will be updated accordingly.
6. Enter a note describing the reason for the allocation if required.
7. Click Save.