Spread Project Budget or Forecast Amount
Explanation
Cost or revenue spreading is typically performed on a budget/forecast
line when the Estimated to Complete (ETC) cost, committed cost, and/or
revenue needs to be allocated into specific time periods where they are most
likely to occur. You can manually spread cost or revenue into accounting
periods, as well as receive assistance in distributing the budgeted or
forecasted amount using predefined spreading profiles.
It is only possible to spread the part of the ETC that is not connected
to a resource forecast or a contract change order. Additionally, the
committed cost can only be spread if its associated cost elements are
enabled for spreading. To enable cost elements for committed cost spreading,
go to the PCE Code Part tab on the Project
Setup Parameters page.
When spreading with a profile, the following options are available;
- Use Spread Profile from Line: This option spreads cost or
revenue as defined on the budget/forecast line.
- Override Spread Profile on Line: This option enables the selection and entry
of spread profiles different from those defined on the budget/forecast line.
The cost/revenue spread amounts can be viewed and modified in
Forecast Spread Details.
Prerequisites
- A project budget/forecast line with an ETC amount, which has not only
been generated from resource forecast connections, should exist.
- A project budget/forecast line with a committed amount, with
associated cost elements are enabled for spreading.
- The Cut-Off Date specified on the project budget/forecast version
should reside on an accounting period that exists for the company of the
project.
System Effects
- The adjusted part of the ETC amount is spread over the accounting periods
between (and including) Start Date and End Date.
- The committed amount of the enabled cost elements is spread across
the accounting periods from the Start Date to the
End Date.
- The Spread Profile option is selected to indicate that the cost/revenue
has been spread into accounting periods.
- The ETC Spread Date Exception is switched on if there exists
amounts spread outside the Start Date and End Date.
- If the Start Date and End Date are not specified, the
system will fetch them from the Project work breakdown structure based on
start and end dates of the Project, Sub Project and Activity of the budget/forecast
line.