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The Projected Final Flag field setting in CMiC Enterprise determines the way in which the percent complete is calculated. These are the different settings:
-
Committed Costs – will only use the value of your commitments, and commitments are the value of issued sub-contracts and issued purchase orders. The expected cost of completing the job will depend on committed costs against the budget, ignoring actual costs incurred.
-
Spent to Date – uses actual spent to date amounts only. Spent to date costs are actual costs incurred by Accounts Payable, Subcontracts, Purchase Order, Equipment, and Payroll. The expected cost of completing the job will depend on how much has been spent, regardless of any committed costs.
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Largest of Spent or Committed – will use the larger of the spent or committed amount. The expected cost of completing the job will depend on how much has been spent or committed, depending on which amount is larger.
The following scenario illustrates how the projected final setting affects the percent complete value:
|
Cost Code |
Budget |
Committed Cost |
Spent To-Date |
Projected Final Flag |
Percentage Complete |
|---|---|---|---|---|---|
|
001 |
1,000,000 |
500,000 |
100,000 |
Committed |
50% |
|
|
|
|
|
Spent |
10% |
|
|
|
|
|
Larger |
50% |
|
002 |
1,000,000 |
500,000 |
750,000 |
Committed |
50% |
|
|
|
|
|
Spent |
75% |
|
|
|
|
|
Larger |
75% |