JC Cost Projections

JC Cost Projections allows users to enter projected costs at the phase and cost type level. This is for accurate financial forecasting and reporting, as it helps in determining the earned revenue calculation and provides insights into potential cost overruns or savings.

Before you start

• Knowledge of current and past job costs and projections.

Steps

1. Open theJC Cost Projectionform.
2. Review prior month projected cost values displayed on the form.
3. Enter the new projected cost values for each phase and cost type.
4. Check for any variances between previous and new projections.
5. Once all entries are made, file process the batch.
6. Validate the batch so all entries are correct.
7. Preview the batch reports to confirm the projections.
8. Post the batch to finalize the cost projections.

Notes

• Ensure all projections are accurate as they affect the earned revenue calculation.
• Projections should be reviewed regularly to reflect any changes in job scope or costs.