Costpoint Online Help

Using the Help Search
Using the Help Search
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    Ex."system administration"
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    Ex.system + administration
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    Ex.system administration
For more information:Searching Online Help

Manage Estimate To Complete PLC Hours

Use this screen to enter, revise, and report hours required to complete ongoing projects.

Additionally, you can update incurred hours on their ETCs with inception-to-date actual hours from the labor history. To use budgeted hours as estimate-at-completion values, 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 project/PLC level. By entering 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

Run the Update Incurred Cost for ETC screen before using this screen to update the incurred costs and hours with actuals. If ETCs are based on budgeted hours, run the Compute Estimate to Complete screen as well. Then, as estimates for individual PLCs change, make the modifications in this screen.