Project Cost Projections: General Information

You can estimate the final costs and remaining costs of a project at a particular stage by using cost projections.

Learning Objectives

In this chapter, you will learn how to do the following:

• Create a cost projection class
• Create a cost projection revision for a project
• Create a date-sensitive cost projection
• Estimate the costs of a project at a different level of detail
• Review the projected costs in a project budget

Applicable Scenarios

You create a cost projection revision to compare the calculated costs with the initially estimated costs in the cost budget of a project, and thus to detect the parts of the project that may be over budget.

You create a date-sensitive cost projection to analyze anomalies that are found, as well as project costs and revenues by periods.

Types of Cost Projections

Depending on your project needs, you can create the following types of cost projections in MYOB Acumatica:

• Cost projections with revisions on the Cost Projection (PM305000) form. For these cost projections, you first create cost projection classes that define the budget level of the cost projection to be prepared, and then create cost projection revisions to analyze a wide range of project data. For more information, see Project Cost Projections: Cost Projections with Revisions.
• Date-sensitive cost projections on the Cost Projection by Date (PM305500) form. With these cost projections, you can perform analysis of the period-specific costs and revenues. For more information, see Project Cost Projections: Date-Sensitive Cost Projections.