Report Planned Cost

Explanation

Use this activity to report the planned cost of a sub contract revision to the connected project activity. The planned cost will be reported automatically when a revision is activated. Select the Report Planned Cost toggle if you need to report planned cost before activating the revision.

Only one active revision of the contract can report planned cost at any given time. The cost elements on which the cost is reported to the connected project activities will be derived depending on the posting control setup,  see Posting Types - Sub Contract Valuation. The default activity will be used to report cost of all the items that have not been connected to a project activity.

 See About Cost, Hours and Revenue Reported to Activity for how planned, planned committed, and committed cost progress for a sub contract as call off values are entered and released.

Prerequisites

System Effects

Planned cost of the contract revision will be reported to the project cost activities connected to the revision.