Update Balance Methods - EcoSys - 3.01 - Help - Hexagon PPM

EcoSys Projects Help (3.01)

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EcoSys Standard Version
3.01

A forecast’s balance is applicable only in the context of time-phased forecasts. Balances are transactions created to preserve EAC caused by the difference between the current period’s base and its expected actuals. If the approval of forecast variances for one or more periods was skipped, the balance for the selected project period will include expected actuals for all skipped periods plus the current period’s expected actuals. The Balance Method defines how that difference is spread into the future. Balance methods must be established at the beginning of the first project forecast and can be changed at any time during the life of a project. If no method is assigned to a cost control object, the system will default the method to Balance to Next. Available methods include:

  • Balance to Time-Phasing End: The project period Costs, Quantity, and Hours variance are spread beginning from the next project period through the cost control object’s time-phased end date.

  • Balance to Next (default): The project period Costs, Quantity, and Hours variance are moved to the next project period.

  • Balance to Future Periods: The project period Costs, Quantity, and Hours variance are spread across the number of periods entered in the Balance Periods column, beginning with the next project period.

  • Balance to Year End: The project period Costs, Quantity, and Hours variance is spread from the next project period through the Project End Date or end of current year, whichever comes first.

    This method cannot be used in the last month of the year (December).

You can update the balance methods in the two ways listed below:

  • From the Forecast tab

  • From the Time-Phasing tab: Click the New EAC hyperlink to display the Forecast Balance and Adjustment dialog box.

Forecast Balance Method and Balance Periods options are available only for CCL objects. For Non-CCL objects, Refresh Forecast Balance option balances all the children of WBS.