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Budget at Completion vs Budgeted Expense Cost

1 reply [Last post]
Tue, 2012-02-14 00:57
Farzin Farsi
User offline. Last seen 3 years 41 weeks ago. Offline
Joined: 3 Nov 2008
Posts: 20
Groups: Civil Engineering

Hi there,

 

In one of my many projects,  I have a Budgeted Expense Cost for a selected activity (let’s say $500K)  but  Budgeted At Completion column is still zero.

I have more than 15 projects with almost the same structure with expense cost which do not have this issue (Budgeted At Completion is not zero).

Any one knows a solution for this?

I have checked all project properties and all are the same.

Regards

Farzin

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Replies

Tue, 2012-02-14 05:53
#1
Daniel Limson
User offline. Last seen 5 years 4 weeks ago. Offline
Joined: 13 Oct 2001
Posts: 318
Groups: None

Hi Farzin,

The terminology "Budgeted at Completion" may be a little ambiguious but they maybe  actually referring to "forecast Cost at Completion". You need to learned about the EVM - Earned Value Management and/or EVA process. To calculate your forecast cost at completion  = (Budgeted - Earned to-date) / Actual to-date

Regards,

Daniel

 

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