Costpoint Online Help

Using the Help Search
Using the Help Search
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Compute Estimate To Complete

Use this screen to create or update Latest Revised Estimate at Completion (LREAC) amounts from project budgets.

When running this utility, you have three options.

  • You can update estimate-to-complete amounts with Budget minus Incurred amounts. If you select this option, the utility calculates two amounts. It first copies the budgeted amount for each project/account/org into the LREAC amount. It then subtracts incurred costs from this amount to arrive at project ETC amounts. If you select this option, you must first run the Update Incurred Cost for ETC screen, so that ITD Incurred fields are current.
  • The second option is to identify a percent complete for the project. If you know, for example, that a specific project is 30 percent complete, you can use that number to arrive at the project LREAC amounts. If you enter a % Compl, the utility recognizes costs incurred as being this percent of total LREAC amounts. It calculates LREAC amounts and update the field with new values. The utility subtracts incurred costs from LREAC estimates to arrive at estimate-to-complete amounts.
  • You can also update project revenue with estimate-to-complete or LREAC amounts. If you select the Update Revenue with LREAC or ETC check box, the utility evaluates the revenue method selected for the project. If the revenue method is based on project ETC, the utility sums project estimate-to-complete amounts and updates the Manage Revenue Information screen with this amount. If the revenue method is based on project EAC, the utility sums project LREAC amounts and updates the Manage Revenue Information screen with these amounts.

You must enter project budgets before running this utility. You must also update incurred costs with current amounts, so that calculated LREAC amounts reflect current costs. To update incurred costs, run the Update Incurred Cost for ETC screen for all projects whose ETCs you plan to revise, before running this screen. After you run this screen, you can make adjustments to LREAC or ETC amounts in any of the screens where LREAC or ETC amounts are maintained in Costpoint Budgeting and ETC.

Attention: For more information about Costpoint's Estimate-to-Complete (ETC) feature, see the "Estimate to Complete" topic.