Use this subtask to revise your Est-to-Compl hours for the selected project by subtracting incurred hours from budget hours. Alternatively, you can revise your Est-to-Compl by entering a contract percent complete. Est-to-Compl and LREAC hours are automatically updated. If you want to revise ETC information for a range of projects, use the Revise ETC screen (Projects » Budgeting and ETC » Estimate to Complete) instead of this subtask.
Run this utility any time after you run the Update Incurred Cost for ETC screen (Projects » Budgeting and ETC » Estimate to Complete). If you select the Update ETC with Budget Minus Incurred option, you must enter project total budgets as well.
This field displays the project ID from the main screen. The non-editable field to the right displays the project description.
Select this option to identify the LREAC amount as the project total budget. The system subtracts ITD project costs incurred from the budget to arrive at Est-to-Compl hours.
Select this option to enter a Percent Complete. The system multiplies actual hours incurred by GLC by this percent to arrive at LREAC hours. Actual hours for all GLCs will be multiplied by this percent. Est-to-Compl hours are the difference between the LREAC and actual hours incurred.
If you selected the Update LREAC with Percent Complete option, enter the percentage complete in this field.
Select this check box to update the fields in the Date Updated group box in the main screen for the selected project.
Select this check box to update the Prev EAC and Prev % Compl fields in the main screen for the selected project.