Contract Forecast - EcoSys - 2.03 - Help - Hexagon PPM

EcoSys Help - Contracts (2.03)

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English
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EcoSys
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EcoSys Standard Version
2.03

This screen allows a user to see the forecast of the contracts at a current contract period. This screen is used to update the Current Forecast of the contract. User can see the Current Budget, Paid Amount, Remaining Budget, and VOWD. The user is also able to select the Forecast Method for each contract Line. Manual EAC, Manual ETC, and Manual Factor can be entered here. Preview EAC, Current Forecast and Variance automatically gets updated after submitting of the forecast update. Using the parameter on the green bar, the user can switch from one contract to another.

The Forecast sub-module is used to update the Current Forecast for a Contract in EcoSys. A Forecast Method should be established for each Contract Line. The Forecast Method is used to determine the forecast for the Contract Line. If no method is assigned to a Contract Line, forecast values may not calculate as desired. Available methods include:

  • Current Budget - The Current Budget value will be used as the EAC.

  • Current Forecast - The Current Forecast value will be used as the EAC.

  • Current Productivity - Assumes the forecasting trend will continue. The formula is: Actuals + ((Current Contract Budget - VOWD) / Productivity Factor).

  • Manual EAC - A value may be entered directly into the Manual EAC field.

  • Manual ETC - A value may be entered directly into the Manual ETC field. This value will be added to Actual Cost to produce the new EAC.

  • Manual Factor - The Earned Value ETC will be divided by the Manual Factor and added to the Actual Cost. Formula is: AC + ((BAC-EV)/Manual Factor).

Once methods have been established, the Submit Forecast Update action is used to calculate the Contract Forecast.