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.

These fields are disabled and may not display on the Grid tab (PM Cost Projections) of the based on your selected layout. For more information, see PM Projection Layouts.

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 icon on the PM Cost Projection Editor form.

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 icon on the PM Cost Projection Editor form).

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 icon on the PM Cost Projection Editor form).

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 icon on the PM Cost Projection Editor form.

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 icon on the PM Cost Projection Editor form.

Previous Production

The calculation of this field will vary based on the production type that is selectedin the Production Type field or the icon on the PM Cost Projection Editor form.

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 icon on the PM Cost Projection Editor form).

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 icon on the PM Cost Projection Editor form.

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)

Enter Cost Projections

About Cost Projections

About the PM Cost Projections Form

About the PM Projection Codes Form