Asset Financial Summary Settings

To specify the financial summary settings for an asset:

  1. Log on to PPM.

  2. Open the asset.

  3. In the Business Case Details section of the asset, click the link in the Financial Summary field to open the financial summary for the asset.

  4. On the financial summary, click More > Financial Summary Settings.

  5. Specify the financial summary settings as needed, based on the following descriptions.

The asset's financial summary settings are as follows:

  • The asset tracks capital non-labor costs. This option specifies whether the asset tracks capitalized non-labor costs. If this option is not selected, an Expense Type (Operating or Capital) cannot be specified when adding a non-labor cost line to the asset's financial summary—all expenses are operating expenses.

  • Calculate the forecasted labor costs from the staffing profile (all labor costs are set to operating). This option specifies whether forecasted labor costs on the financial summary are to be calculated (rolled up) from the staffing profile attached to the asset. (When a project becomes an asset, the staffing profile of the project is not copied to or shared with the asset; if the asset requires a staffing profile, create a new staffing profile for the asset.) If this option is selected, separate, non-editable forecast lines are automatically created in the financial summary to reflect the staffing profile estimates, including promised allocations. All forecasted labor costs are operating, not capitalized costs.

  • Calculate the actual labor costs from time logged against the asset (all labor costs are set to operating). This option specifies whether actual labor costs on the financial summary are to be calculated (rolled up) from time logged on time sheets against the asset. If this option is selected, the financial summary operates as follows:

    • Separate, non-editable cost lines are automatically created in the financial summary to reflect the actual labor costs on the time sheets.

    • Actual labor costs are all rolled up to the financial summary as operating costs, not capitalized costs, regardless of how labor costs are categorized on the time sheets.

    • Actual labor costs are categorized in the financial summary according to the resource's Cost Category. If Cost Category is not specified, the cost line shows the actual labor costs as Unspecified.