About Calculated Fields in Cost Projections
The table below describes most of the calculated fields on the PM Cost Projections form (Grid and Phase/Cost Type tab), and PM Cost Projection Editor form.
Field | Description |
|---|---|
Actual + Committed Hours | Actual costs plus remaining committed hours for the phases and cost types associated with the projection code |
Actual + Committed Cost | Actual costs plus the remaining committed costs for a phase and cost type |
Actual Cost | Actual costs for the phases and cost types associated with the projection code |
Actual Hours | Actual hours posted to JCCD/JCCP |
Actual Production | The calculation of this field will vary based on the production type that is selected in the Production Type field or the |
Actual Units | Actual units posted to JCCD/JCCP |
Current Estimated Cost | Current estimated cost for the phases and cost types associated with the projection code |
Current Estimated Hours | Current estimated hours of the phases and cost types associated with the projection code |
Current Estimated Production | The calculation of this field will vary based on the production type that is selectedin the Production Type field or the |
Current Estimated Unit Cost | Current estimated units to actual units |
Current Estimated Units | Current estimated units for phases and cost types associated with the projection code |
Current Estimate + Included Cost | Current estimated costs including pending change order / approved change order cost, and add-on cost |
Current Estimated + Included Units | Current estimated units including pending change order / approved change order estimated units |
Current Estimated + Included Hours | Current estimated hours including pending change order / approved change order estimated hours |
Displayed CO Cost | Pending and approved change order estimates that have not been interfaced and are set up to be included in projections PCO is assigned a document type set up to be included in projections (PM Document Types > Include in JC Projections field), and assigned a status that is set up to be included in projections (PM Status IDs > Projections Option field) |
Forecast Final Cost | Projected cost at completion |
Forecast Final Hours | Projected hours at completion |
Forecast Final Unit Cost | Forecast final cost divided by forecast final units |
Forecast Final Units | Displayed Projected Units at completion The Projected Final Units calculation subtracts Previous Projected Units, but the Forecast Final Units calculation adds the Previous Projected Units resulting in the original Projected Units value. |
Forecast Production | The calculation of this field will vary based on the production type that is selected in the Production Type field or the |
Future Actual Cost | Actual costs posted to JCCD / JCCP after the projection date / month |
Future CO Cost | Estimated pending change order and approved change order cost that has not been interfaced with a status ID of Display in Cost Projections |
Future CO Units | Estimated pending change order and approved change order units that have not been interfaced |
Included CO Cost | Estimated costs on pending and approved change orders that have not been interfaced with a status ID of Display and Calculate in Cost Projections |
Included CO Hours | Estimated hours on pending and approved change orders that have not been interfaced |
Included CO Units | Estimated units on pending and approved change orders that have not been interfaced |
Original Estimated Hours | Original estimated value for the job, phase, cost type |
Original Estimated Units | Original estimated value for the job, phase, cost type |
Original Estimated Cost | Original estimated value for the job, phase, cost type |
Over / Under Production | The calculation of this field will vary based on the production type that is selected in the Production Type field or the |
Percent Complete Production | The calculation of this field will vary based on the production type that is selected in the Production Type field or the |
Previous Production | The calculation of this field will vary based on the production type that is selectedin the Production Type field or the |
Previously Projected Cost | The previously projected cost that was posted. The value in this field also depends on the selection in the Previous projected through prior month field (PM Cost Projection Options). |
Previously Projected Unit Cost | Previously Projected Cost divided by Previously Projected Units |
Previously Projected Units | Previous Projected Units posted to JCCD / JCCP The value in this field also depends on the selection in the Previous projected through prior month field (PM Cost Projection Options). |
Projected Final Cost Variance | Difference between the Project Projected Final Cost and the Previously Project Cost. The value in this field includes any approved change orders (entered in JC Change Orders only). The variance amount for ACOs is calculated as the Current Estimated Cost less the Original Estimated Cost. |
Projected Final Production | The calculation of this field will vary based on the production type that is selected (PM Cost Projections form> Grid tab> Production Type field or the |
Remaining Committed Cost | Remaining committed costs posted to JCCD/JCCP |
Remaining Committed Hours | Remaining committed costs posted to JCCD / JCCP |
Remaining Committed Units | Remaining committed units posted to JCCD / JCCP |
Remaining (Projected Unit Cost) | Remaining projected cost / remaining projected units |
Remaining (Projected Units) | Difference between projected final units and actual units (invoiced through AP) |
Remaining Production | The calculation of this field will vary based on the production type that is selected in the Production Type field or the |
Total Committed Cost | Total committed costs posted to JCCD/JCCP |
Total Committed Units | Total committed units posted to JCCD/ JCCP |
UM | This is the unit of measure associated with the projection code. For information about using a common unit of measure, see About Setting Common UMs for Projection Codes . |
Uncommitted Cost | (Estimated budgeted costs) - (total committed costs + PCO uncommitted cost) |
