to select one. The non-editable
field to the right will display the project description. 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 in the Project Total Budget screen (Projects » Budgeting and ETC » Total Budgets). An in-depth step-by-step instruction guide is provided as part of Projects Special Topic PJ-13, "Estimate To Complete."
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/GLC level. By entering any one of these components, the other two components are automatically calculated. The following is a summarization of the calculation that the screen will perform:
ETC = LREAC - Incurred
LREAC = Incurred + ETC
Pct Complete = Incurred/LREAC
Run the Update Incurred Cost for ETC screen (Projects » Budgeting and ETC » Estimate to Complete) before using this screen. If ETCs are based on budgeted hours, run the Revise ETC screen. Then, as estimates for individual GLCs change, make modifications in this screen.
Enter a project or use to select one. The non-editable
field to the right will display the project description.
The information in this group box may assist you in assessing the age of the data.
This non-editable field displays the date on which incurred hours were updated for this project. When you run the Update Incurred Cost for ETC screen (Projects » Budgeting and ETC » Estimate to Complete), the update date is written to the ETC Update table. This date is displayed here.
This non-editable field displays the date on which estimates to complete were updated based on budgeted hours for this project in the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete). When you run the Revise ETC screen, the update date is written to the ETC Update table. This date is displayed here.
Enter a GLC or use to select a valid GLC.
This non-editable field displays the description of the GLC.
This non-editable field displays the cumulative actual hours incurred for this project and general labor category.
Enter the estimate-to-complete hours for this GLC. The hours may have been calculated for you by the Revise ETC process (Projects » Budgeting and ETC » Estimate to Complete) if you elected to update Est-to-Compl based on subtracting actual incurred from budgets. When you enter the hours, the system will recalculate the Latest Revised Estimate At Completion (LREAC) by adding Incurred to Est to Compl.
Enter the LREAC hours for this GLC. These hours may have been calculated for you by the Revise ETC process (Projects » Budgeting and ETC » Estimate to Complete) if you elected to update Est-to-Compl based on subtracting actual incurred from budgets. When you enter the hours, the system will recalculate the Est to Compl hours by subtracting Incurred from LREAC.
Enter the percent complete for this GLC. The Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) may have calculated these hours for you, if you elected to update Est-to-Compl by subtracting actual incurred from budgets. When you enter a percentage, the system will recalculate the LREAC by dividing Incurred by % Compl, and recalculate the Est-to-Compl hours by subtracting Incurred from LREAC.
This field displays the previous estimate-at-completion hours updated by the Revise ETC process (Projects » Budgeting and ETC » Estimate to Complete). The Revise ETC utility copies the previous hours to this field before updating with the new EAC hours.
This field displays the previous percent complete based on the previous estimate.
This field displays the total budget in hours for this project and GLC from the Project Total Budget screen (Projects » Budgeting and ETC » Total Budgets).
This field displays the last time this GLC was updated with new Est-to-Compl hours, LREAC hours, or % Compl.
Click this button to open a subtask where you can revise Est-to-Compl hours for the selected project.
Click this button to open a subtask that summarizes the incurred, LREAC, and Est-to-Compl hours entered for the selected project.