Use this activity either to manually enter or to automatically generate
the forecast lines.
If the Contract Change Orders are created with
the Change Source Project then the forecast lines are
always manually entered.
But for the Contract Change Orders of the
Change Source Supplier or Customer, this
activity can either be manual or automatic depending on the connected Sub
Contract or Sales Contract setting for the Contract Change Order Change Capturing
Level.
If the above setting is Cost or Revenue Element
then the forecast lines are manually entered. If the above setting is
Contract Items then the forecast lines are created
automatically upon executing the Generate Cost/Revenue Summary from the
Contract Change Order.
Note:
It is possible to add only the Cost
forecast lines manually on the Change Order forecasts created on the
Contract Change Orders of Change Source Customer, even when the Contract
Change Order Change
Capturing Level is set to Contract Items .
But in order to avoid any
incorrect results, it is required to map the sales contract and project
invoice postings into Revenue elements.
The manually entered forecast lines are created against the cost/revenue
element together with the ETC value, the Project WBS level, and occasionally
the code parts if code parts have been defined as mandatory in PCE code part
demands for cost elements.
The automatically created forecast lines
are also created against the cost/revenue element and the Project WBS level.
The ETC value of such forecast lines is calculated based on the Net
Change of the Contract Change Order/ Contract Items.
The Change Order Forecast page allows the same
advanced functionality as when the forecast lines are entered in a project
budget or forecast e.g. using WBS/CBS structure, multi-currency, spreading,
etc.