Configuring a Lifecycle Entity Financial Summary for Capitalization and Roll-Ups

Financial summaries for the lifecycle entities have settings to track capitalized costs and to enable or disable automatic calculations ("roll-ups") of forecast or actual costs. For information about how the calculations are performed, see Cost Data Calculations and Formulas and the Resource Management User’s Guide.

The financial summary settings are described in this section. To view or change the settings, click Financial Summary Settings in the upper-right corner of the financial summary (see Figure 4-2. Top part of example financial summary for a lifecycle entity). To change the financial summary settings, you must have access to edit the financial summary costs.

Note: This section includes descriptions of the automatic calculation of actual labor and non-labor costs in financial summaries for lifecycle entities, using data entered in time sheets and, for projects, in work plans as well. The frequency of performing these calculations is based on the setting specified by the administrator for the Cost Rollup Service. For more information, see the Installation and Administration Guide.

Note: To enable tracking of capitalized costs for any particular proposal, project, or asset as described in this section, the administrator must set the COST_CAPITALIZATION_ENABLED parameter in the server.conf configuration file to true. Do not change this parameter after PPM has been put into use.

The following sections describe the financial summary settings for proposals, projects, and assets.

As a proposal becomes a project, and then as the project becomes an asset, the operations described in these sections for capitalized costs and for automatic calculations can change according to the independent financial summary settings for the proposal, the project, and the asset.

For more information about staffing profiles, which are used for some of the options discussed in the following sections, see the Resource Management User’s Guide and the Portfolio Management User’s Guide.