Page Comparison

As you would see in an individual project in the Projects Module, you receive a complete breakdown of the various costs that are associated with projects. You can gather information related to specific costs entirely and determine how individual project costs help calculate the tallies on the dashboard. Cost can be viewed by:

• Original Estimated Cost: View all estimated projects cost
• Forecasted Cost: View all predicted projects cost
• Approved Cost: View all approved projects cost
• Total Committed Cost: View all projects cost of work
• Total Incurred Cost: View all projects invoiced work
• Variance Cost: View all projects price difference incurred cost and original estimated cost

You can download the data and email reports to recipients.

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Viewing Original Estimated Cost 

When you are creating a project, an Original Estimated Cost is provided. The number on the dashboard represents the total amount for all projects original estimated cost. You are able to identify how each project supports the number on the dashboard.

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Viewing Forecasted Cost

When you are creating a project and starting to add tasks, that creates a Forecasted Cost. Meaning, based on the work that needs to be done, how much will it actually cost. Forecasted cost allows you to visualize the amount on the dashboard by viewing how each individual project helps create the total amount.

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Viewing Approved Cost

A cost for a project must be approved in order for it to be considered and proceed through the project lifecycle. Approved Cost represents the amount a project was approved based on what was forecast. This amount is for all the projects approved cost.

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Viewing Total Committed Cost 

Total Committed Cost is a project’s total NTE. Every project committed cost will vary based upon the significance of the project. When viewing committed cost on the dashboard, the number reflects all the projects' NTE.

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Viewing Incurred Cost

Once tasks are finalized, they are invoiced and now become part of the Total Incurred Cost. Each project will have incurred costs as it relates to the individual project. The total amount of the dashboard compross of incurred costs for all projects.

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Viewing Variance Cost

Once a project has been completed, you can determine the Variance Cost. Determining the variance cost comes from subtracting the incurred cost from the original estimated cost. The number on the dashboard reflects the variance cost of all the projects.