to select one. The non-editable field to the right displays the project description.Use this screen to enter, revise, and report hours required to complete ongoing projects. Additionally, you can update incurred hours on their ETCs with inception-to-date actual hours from the labor history. To use budgeted hours as Estimate-at-Completion values, update this screen with values entered on the Manage Project Total Budget screen. An in-depth step-by-step instruction guide is provided as part of the "Estimate to Complete" topic.
In this maintenance screen, you can enter and maintain the estimate to complete, the Latest Revised Estimate at Completion (LREAC), or the percent complete at the project/GLC level. By entering any one of these components, the other two components are automatically calculated. The following is a summarization of the calculation that the screen performs:
ETC = LREAC - Incurred
LREAC = Incurred + ETC
Pct Complete = Incurred/LREAC
Run the Update Incurred Cost for ETC screen before using this screen. If ETCs are based on budgeted hours, run the Compute Estimate to Complete screen. Then, as estimates for individual GLCs change, make modifications in this screen.
Enter a project or click to select one. The non-editable field to the right displays the project description.
The information in this group box may assist you in assessing the age of the data.
This non-editable field displays the date on which incurred hours were updated for this project. When you run the Update Incurred Cost for ETC screen, the update date is written to the ETC Update table. This date is displayed here.
This non-editable field displays the date on which estimates to complete were updated based on budgeted hours for this project on the Compute Estimate to Complete screen. When you run the Compute Estimate to Complete screen, the update date is written to the ETC Update table. This date is displayed here.
All fields in this group box are non-editable. To modify the data displayed, you must modify information entered in the table window.
The total incurred hours for all GLCs are summed here.
The total estimate-to-complete hours for all GLCs are summed here.
The total LREAC hours for all GLCs are summed here.
The overall percent complete for all GLCs on this project is displayed here.
The total previously estimated hours for all GLCs are summed here.
Click this button to refresh the Proj Totals group box.
Enter a GLC or click to select a valid GLC.
This non-editable field displays the description of the GLC.
This non-editable field displays the cumulative actual hours incurred for this project and general labor category.
Enter the estimate-to-complete hours for this GLC. The hours may have been calculated for you by the Compute Estimate to Complete process if you elected to update Est-to-Compl based on subtracting actual incurred from budgets. When you enter the hours, Costpoint recalculates the Latest Revised Estimate At Completion (LREAC) by adding Incurred to Est to Compl.
Enter the LREAC hours for this GLC. These hours may have been calculated for you by the Compute Estimate to Complete process if you elected to update Est-to-Compl based on subtracting actual incurred from budgets. When you enter the hours, Costpoint recalculates the Est to Compl hours by subtracting Incurred from LREAC.
Enter the percent complete for this GLC. The Compute Estimate to Complete screen may have calculated these hours for you, if you elected to update Est-to-Compl by subtracting actual incurred from budgets. When you enter a percentage, Costpoint recalculates the LREAC by dividing Incurred by % Compl, and recalculates the Est-to-Compl hours by subtracting Incurred from LREAC.
This field displays the previous estimate-at-completion hours updated by the Compute Estimate to Complete process. The Compute Estimate to Complete utility copies the previous hours to this field before updating with the new EAC hours.
This field displays the previous percent complete based on the previous estimate.
This field displays the total budget in hours for this project and GLC from the Manage Project Total Budget screen.
This field displays the last time this GLC was updated with new Est-to-Compl hours, LREAC hours, or % Compl.
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Subtask |
Description |
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Revise Estimate-To-Complete |
Click this link to open a subtask where you can revise estimate-to-complete hours for the selected project. |