Job Performance report - using forecast/total cost to complete

The Job Performance Report for a ‘Total Cost to Complete’ scenario is found predominately in the Commercial Building sector. Please note that this topic follows the steps carried out in Forecasting Total cost to complete.

1.   Within Job Costing

2.   Go to Job listings

3.   Locate the job for which you want to run the report

4.   Right click on the job and select Print

5.   Select Job Performance Analysis Report

6.   On Job Performance Analysis options window ensure you have selected the following –

      Display Cost to Complete based on – Commitments or Cost to Date as desired

      Display Overrun based on – Forecasts

 

Column

Description

Original Budget

As the name suggests

Variations

Approved or Unapproved variations as selected in step 6

Total Budget

The sum of the Original Budget + Variations

Budget Committed (Order/Contract)

Purchase Orders and Contracts Raised Value for Job (inclusive figure from the Costs to Date – Invoiced with Commitments)

Budget Committed (Other Budget Used)

Vouchers, disbursements, timesheets and unlinked invoices entered against the job (inclusive of the Costs to Date – Other Budget Used)

Budget Committed (Total Committed)

The sum of the two former Budget Committed columns – Order/Contract and Other Budget Used.

Cost to Date (Invoiced With Commitments)

Invoices that have been entered against the job that has links to a purchase order or contract (Budget Committed – Order/Contract)

Cost to Date (Other Budget Used)

Disbursements, timesheets and unlinked invoices entered against the job

Costs to Date (Total Costs)

The sum of the previous Costs to Date (Invoiced with Commitments and Other Budget Used)

Costs to Complete

Forecasted value less either the Budget Committed (Total Commitments) total or Total Costs to Date as selected on the report options window in step 6.

Future Forecast

Forecasted value for the cost centre as defined in the forecasting module as at expected end of project - total cost to complete (refer to the TOPIC for Total Cost to Complete in Forecasting.

Overrun

Difference between Total Budget and Future Forecast where the forecast is more than the total budget

Underrun

Difference between Total Budget and Future Forecast where total budget is more than the future forecast.