Manage Estimate To Complete Amounts

Use this screen to enter, revise, and report amounts and hours required to complete ongoing projects. Additionally, you can update incurred amounts on their ETCs with inception-to-date actual costs from the project ledger.

If you want to use budgeted amounts as estimate-at-completion amounts, you can update this screen with values entered on the Manage Project Total Budget screen. An in-depth, step-by-step instruction guide is provided as part of the "Estimate to Complete" topic.

In this maintenance screen, you can enter and maintain the estimate to complete, the Latest Revised Estimate at Completion (LREAC), or the percent complete at the account/organization level. When you enter any one of these components, the other two components are automatically calculated. The following is a summarization of the calculations that the screen performs:

  • ETC = LREAC - Incurred
  • LREAC = Incurred + ETC
  • Pct Complete = Incurred/LREAC

Before using this screen, run the Update Incurred Cost for ETC screen. If ETCs are based on budgeted amounts, run the Compute Estimate to Complete screen also. Then, as estimates for individual cost components change, make modifications in this screen.