Retrieve Item Cost from Project

Explanation

This activity is used to retrieve the cost estimates directly from the connected activities of the associated contract line item. The cost will be retrieved from the connected activities.

For companies using IFS/Project for planning there is, in some cases, a need to do detailed cost estimating and planning within the project and use that as a basis for setting up the contract. In situations where the estimates are done on the project activity level, you can easily retrieve the amounts over to the contract line items as the contract value.

Each contract item can have activities connected, and an activity can only be connected to one contract item. The contract item value is then set by summarizing estimated, planned or baseline cost from activities associated with the selected sales contract line.

Prerequisites

• One or more activities must be connected to sales contract line item.
• In order to retrieve cost from connected activities, the activities must have Estimated or Planned or Baseline cost. Which one to use is chosen when retrieving the cost from project. In order to retrieve Baseline cost, a baseline must exist.

System Effects

As a result of this activity, the Cost Value column on the sales contract line item is updated with the cost from the connected activities.

Pages

Revision and Items

Activity Diagrams

Create Contract Enquiry