REVISE ESTIMATE TO COMPLETE

Use this screen to perform global project budget updates using a percent complete entered on this screen. You can use this screen to update budgets with actual, incurred expenses. In addition, you can update revenue formulas with the Estimate to Complete (ETC) or Latest Revised Estimate at Completion (LREAC). Use this screen any time to update project budgets.

Select Project

Use the fields in this group box to limit the project for which the ETC will be revised.

Range Option

Use this drop-down list to select the range of projects to include in this update. Valid options are:

The default for this field is All.

From

Enter, or use to select, the beginning project. If you select All or From Beginning in the Range Option field, this field will be inactive.

To

Enter, or use to select, the ending project. If you select All, One, or To End in the Range Option field, this field will be inactive.

Budget Type

Use the options in this group box to select the budget type that you would like to revise.

Baseline

Select this checkbox to revise the baseline budget for each of the selected projects.

Workplan

Select this checkbox to revise workplan budgets for the selected projects.

Revise ETC

Use the options in this group box to select the method you would like to use to complete the revision.

Update with Percent Complete

Select this checkbox and enter up to 100% in the untitled field to the right as the percentage to complete for the selected project budgets.

Update ETC with Budget Less Incurred

Select this checkbox to include the ETC amount less the actual incurred amounts for the selected project budgets

Update Previous EAC & Percent Complete

 Select this checkbox to include previous EAC and percent complete figures for the selected project budgets.

Update Revenue

Use the options in this group box to select the method that you would like to use to update revenue.

Update Revenue with Baseline LREAC, ETC or Pct Complete

Select this checkbox to update revenue amounts with completion figures for the selected baseline project budgets.

Update Revenue with Workplan LREAC, ETC or Pct Complete

Select this checkbox to update revenue amounts with completion figures for the selected workplan project budgets.

Process

Click this icon on the toolbar to begin the global project budget updates.