This activity is used to update the calculated estimates to selected Project Forecast. This can be achieved by performing Copy EAC to Project Forecast command in Schedule of Work Value Summary or Work Recording Summary pages.
Based on your preference Cost and/or Revenue values can be updated either in Project level, Sup Project level or Activity level.
Selection of Sub Project level or Activity level will be allowed only when Sup Project or Activity information is specified in all item lines of your Schedule of Work Estimate.
Calculated Date of the Schedule of Work Estimate should be within the range of the Cut Off Date of your selected Project Forecast.
When Schedule of Work Version is updated, it is possible to copy the updated Cost and/or Revenue values to same Project Forecast multiple times. When coping to already updated Project Forecast you will not be allowed to change the previously selected Levels.
This command will not update the Cost Progress to Project Forecast. Update Project Forecast Progress command in Work Record Summary page should be used to update the Cost Progress.
Execute Calculate Value should be performed.
Schedule of Work should be in ‘Approved’ state.
Project Forecast header should be created without item lines.
Project Forecast Item lines will be created based on calculated Cost/Revenue Element values.