Linked Cost Types
If you are using linked cost types, when projections are entered in JC Cost Projections for the primary cost type, the linked cost type(s) will be updated as well based on the primary cost type's percent complete for units, hours, and costs.
If no actual values exist, the projected values are calculated as follows:
For the primary cost type, projected values will be equal to the Current Estimated values. For example:
|
Current Est |
Actual |
Proj Final | |
|---|---|---|---|
|
Units |
1,000.00 |
0.00 |
1,000.00 |
|
Hours |
80.00 |
0.00 |
80.00 |
|
Costs |
25,000.00 |
0.00 |
25,000.00 |
Typically, projected values for linked cost type(s) are calculated based on the percent complete values for the primary cost type. However, because no actual values exist, the percent complete for the primary cost type will be the Projected Final / Current Estimate. Example: 1000.00/1000.00 = 1.0 (i.e. 100%).
Projected values for the linked cost types are then calculated based on this percent complete (100%) and the estimated values for the linked cost types. Example:
|
Linked CT: |
Curr Est Units |
= |
0.00 |
x |
100% |
= |
0.00 |
(Proj Final Units) |
|
Curr Est Hours |
= |
0.00 |
x |
100% |
= |
0.00 |
(Proj Final Hours) | |
|
Curr Est Costs |
= |
3,750.00 |
x |
100% |
= |
3,750.00 |
(Proj Final Costs) |
If the main cost type has estimated units, but no estimated hours or cost, and the linked cost types have estimated units, hours, and cost, percent complete values for linked cost types will be set equal to the main cost type's percent complete for units. If the primary cost type has no estimated values or actual costs, linked cost types will be treated as individual cost types.
