Estimate Future Commitment

Explanation

This activity is used to add an anticipated future commitment to a forecast line.

To add an Estimated Future Commitment Adjustment, select the forecast line to which an Estimated Future Commitment Adjustment should be added and click the Estimate Future Commitment action command to open the Add/ Modify Estimated Future Commitment assistant. For each Estimated Future Commitment Adjustment, a Comment should be provided. Additionally, a Sub Contract/ Sales Contract can be connected to each Estimated Future Commitment Adjustment.

Estimated Future Commitment value can be either positive or negative.

Prerequisites

• The EAC Workbench must be in In Progress status.
• The connected Project Forecast must be in Preliminary status.

System Effects

• Estimated Future Commitment column will be updated.
• Estimated Future Commitment Adjustment, EAC and ETC values in EAC Workbench will be updated accordingly.