Project Cost Projections: To Create a Cost Projection Class

This activity will walk you through the process of creating a cost projection class.

Attention: This activity is based on the U100 dataset. If you are using another dataset, or if any system settings have been changed in U100, these changes can affect the workflow of the activity and the results of the processing. To avoid any issues, restore the U100 dataset to its initial state.

Story

Suppose that you are the construction project manager of the ToadGreen Building Group company, and you need to create a cost projection class to be used for estimating the costs of a project. The cost projection class must provide the ability to estimate the costs at the task, item, and account group level of detail.

Configuration Overview

For the purposes of this activity, the Construction feature has been enabled on the Enable/Disable Features (CS100000) form.

Process Overview

You will create a cost projection class on the Cost Projection Classes (PM203500) form.

System Preparation

Before you start creating a cost projection class, you need to launch the MYOB Acumatica website and sign in to a company with the U100 dataset preloaded. You should sign in as construction project manager by using the ewatson username and the 123 password.

Step: Creating a Cost Projection Class

To define a cost projection class that will be used for creating cost projections, perform the following instructions:

  1. On the Cost Projection Classes (PM203500) form, add a new row, and specify the following settings:
    • Class ID: TAGI
    • Description: Cost projection by task, account group, and inventory item
    • Active: Selected
    • Cost Task: Selected
    • Account Group: Selected
    • Inventory ID: Selected
  2. Save the cost projection class you have created.

You have defined a cost projection class that can be used for creating cost projections and estimating the costs of a project.