View project cost
PPM provides multiple visualizations for project managers to view project cost. These visualizations focus on different areas. You can choose from them depending on what you would like to know.
In this topic:
- View projected cost, actual cost, and budget from project header
- View project financial summary data and work plan data from Project Cost portlet
- View project cost from cost tab
View projected cost, actual cost, and budget from project header
The header of the project overview page provides a quick access to projected cost, actual cost, and budget.
Note: The Projected Cost widget is only available when it is set to be shown in the project settings.
Projected Cost and Actual Cost are derived from the project financial summary, only calculating the data that occur during the project plan period.
- When Budget >= Projected Cost, Actual Cost is displayed in dark green and Projected Cost is displayed in light green.
- When Budget < Projected Cost, Actual Cost is displayed in red and Projected Cost is displayed in pink.
- When budget <= 0, a yellow triangle with an exclamation mark is displayed.
View project financial summary data and work plan data from Project Cost portlet
You can add and view the Project Cost portlet in the Project Overview page or in your personal dashboard page.
Cost |
Description |
---|---|
Financial Summary | |
Projected Cost |
Total cost required to complete the project. It is estimated based on the current progress. Projected Cost = the cost of each previous month + the cost of the current month + the cost of each future month. By default:
However, if the
|
Total Forecast |
Project's total forecast (planned) cost from the project's planned start period to the planned end period If the project is set to roll up forecast labor cost from the project's staffing profile, Total Forecast = Forecast cost that is manually entered in the financial summary + Forecast labor cost that is rolled up from the staffing profile; otherwise, it only includes the manually entered forecast cost. |
Forecast To End Of Current Month |
Project's total forecast (planned) cost from the planned start period to the end of the current month (or to the planned end period, whichever comes first) |
Actual Total |
Project's total actual cost from the project's planned start period to the planned end period If the project is set to roll up actual labor and non-labor cost from the project's work plan and time sheets, Actual Total = Actual cost that is manually entered in the financial summary + Actual labor and non-labor cost that is rolled up from the work plan and time sheets; otherwise, it only includes the manually entered actual cost. |
Work Plan
This section is visible only when Financial Management for work plan is enabled. |
|
Total Baseline |
Total planned cost of the active work plan baseline Total Baseline = Baseline planned labor cost + Baseline planned non-labor cost |
Baseline to Date | Total planned cost of the active work plan baseline from the baseline's planned start date to the current date |
Total Planned Cost |
Total planned cost of all work plan tasks PPM calculates work plan planned costs based on the task roles or the task resource roles, depending on the setting of the |
Planned to Date | Total planned cost of all work plan tasks from the work plan's planned start date to the current date |
Actual Total | Total actual cost of all work plan tasks |
Cost Details
Clicking Cost Details in the Project Cost portlet, you will see the above total cost is separated by expense type (capital and operating) and cost type (labor and non-labor).
View Financial Summary
Clicking View Financial Summary in the project Cost portlet, you will open the project financial summary. From the financial summary, you can:
- View forecast and actual labor cost and non-labor cost displayed by period.
- Manually enter forecast and actual labor cost and non-labor cost, if the project is set to allow manual adjustment on the actual labor and non-labor cost.
View project cost from cost tab
The Project Overview page > Cost tab includes four different views to display project related cost.
Note: The Cost tab is only available when it is set to be shown in the project settings.