Evaluate Planned Cost

Explanation

Use this activity to evaluate planned costs for a work order. If information on the resource demands and/or material requirements has been entered for the connected work tasks, then the costs are displayed in the Budget page, in the Planned Costs column. Further if there are external and expense cost information updated on the Planning page then the relevant planned costs will also be updated in Budget page.

IFS Business Reporter can be used to create and analyze information based on the work order budget process data available in IFS Cloud. For more information refer About Information Sources in IFS Business Reporter.

Budget page can be used to enter and view information on costs/revenues for a service request/work order associated with the cost types; Personnel, Material, Expenses, External, Tools and Fixed Price. The revenue information is only used in IFS/Service Management and this information is only visible if a customer is defined in the work order. A summary row is displayed at the bottom of the page. The page contains information on the following:

• Budget Costs/Budget Revenue
• Planned Costs/Planned Revenues
• Actual Costs/Actual Revenues

Further this page comprises of following graphs:

• WO Analysis - A bar graph which represents the cost and revenue information of the work order categorized through Budget, Planned and Actual information and with the relevant cost types.
• Cost Summary - A bar graph which represents the cost information of the work order categorized through Budget, Planned and Actual costs and as well as the work order cost types.
• Revenue Summary - A bar graph which represents the revenue information of the work order categorized through Budget, Planned and Actual revenues and as well as the work order cost types.
• Actual Cost - A pie chart which represents a graphical view of cost proportions.
• Actual Revenue - A pie chart which represents a graphical view of revenue proportions.
• In addition actual, planned and budget margin percentages are displayed in the Margin section.

 

Prerequisites

Before the evaluation is performed, the following must have been completed:

• The current work order must have been retrieved in the page. 
• Planning information should be updated on the work tasks connected to the work order.

System Effects

As a result of this activity, the information on planned costs for a work order are displayed. 

Pages

Prepare Work Order
Work Task

Activity Diagrams

Estimate Budget
Estimate Budget, SM