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SAP Project Cost Forecast,
SAP Project Cost Forecasting,
SAP Project Forecast,
SAP Project Forecasting,
SAP Project System,
SAP PS,
SAP Project Management,
SAP Project Management solutions,
SAP Project Planning,
SAP Project Cost Planning,
SAP Project Cost Plan,
SAP Project Cost To Complete,
SAP Project Remaining Cost To Complete,
SAP Project CTC,
SAP Project Estimate At Completion,
SAP Project EAC,
SAP Project Progress Analysis,
SAP Project Earned Value,
SAP Project Estimation,
SAP Project Cost Estimation,
SAP Project Cost Estimate,
SAP Project Cost Estimating,
SAP Project Estimate,
SAP Project Estimating,
SAP Project Margin Forecasting
SAP Project Revenue Forecasting
SAP Solutions for Engineering and Construction,
SAP Solutions for Construction projects,
SAP Solutions for Construction industry,
SAP Solutions for Capital projects,
SAP Solutions for Capital and Maintenance projects,
SAP Solutions for Maintenance projects,
SAP Solutions for CAPEX projects,
SAP solutions for Manufacturing projects,
SAP solutions for Project Manufacturing,
SAP Solutions for Shipbuilding projects,
SAP Solutions for Engineering Projects
SAP Solutions for Professional Services,
SAP Solutions for EPCM
SAP Project Variation Management,
SAP Project Change Management,
SAP Project Change Control,
SAP Project Risk Management,
SAP Project Contingency,
SAP Project Risk Management,
SAP Project System enhancements,
SAP Project Portal,
SAP Project Portfolio Report,
SAP Project Portfolio Reporting,
SAP Project Portfolio Planning,
SAP Project Portfolio Management,
SAP PPM,
SAP Commercial Project Management,
SAP CPM,
SAP Easy Cost Planning,
SAP ECP,
SAP CJ9L,
SAP Project Builder
SAP Project Editor
SAP Project Scheduling,
SAP Project Schedule,
SAP Project Gantt Chart,
SAP Project Report,
SAP Project Cash Flow,
SAP Project Cashflow,
SAP Project Cash Management,
SAP Project Resource Forecasting,
SAP Project Resource Planning,
SAP Project Resource Management
SAP Project KPI,
SAP Project Key Performance Indicators,
SAP Project S-curves reports,
SAP Project Reporting,
SAP Project Report,
Noveco ePM 3.0 :
Planning and Forecasting by
Purchase Order
Process Flow
Planning and
Estimating Execution
Monitoring
and
Forecasting
• Create Project
• Plan Costs using
Easy Cost Planning
• Create Purchase
Orders
• Post Down Payments
• Post GR/IR for
Purchase Orders
• Perform Project
Forecasts
• Detail forecast by
Purchase Order
• Plan Purchase Order
remaining value by
period
Create Project
In this example we use project with WBS
only
Project with WBS and Network Activities
will work the same way
Plan Costs using Easy Cost Planning
We use cost type ‘V’ (variable), but we can
use ‘M’ material or ‘N’ service
If we use ‘M’ or ‘N’ we must enter material
or service number, we can also use Vendor
Name, Purchasing Info Record etc.
Open Project in Noveco Project Manager Workbench
• Original Estimate
derived from Easy Cost
Planning
• Cost To Complete initially
generated from Original
Estimate
Noveco Project Manager Workbench
NOTE:
- In “Forecast” tab cost plan is summarized by Cost Element, Resource Name and Value Category
Estimated at Completion = Actual Costs + Commitments +
Costs To Complete
Noveco Project Manager Workbench
Select Costing item and choose “Detail Forecasting”
Noveco Project Manager Workbench
When run for the first time, costing line items are copied from
Easy Cost Planning
Process Flow
Planning and
Estimating Execution
Monitoring
and
Forecasting
• Create Project
• Plan Costs using Easy
Cost Planning
• Create Purchase
Orders
• Post Down
Payments
• Post GR/IR for
Purchase Orders
• Perform Project
Forecasts
• Detail forecast by
Purchase Order
• Plan Purchase Order
remaining value by
period
Post Time Sheets
Noveco demo: Plan By PO
Engineering
Design
Noveco demo: Plan By PO
4500009115 / 10
“Engineering:
Electrical”
4500009116 / 10
“Engineering:
Mechanical”
Goods receipt
Down Payment
Goods receipt
4500009117 / 10
“Engineering:
Structural”
Down Payment
Goods receipt
Process Flow
Planning and
Estimating Execution
Monitoring
and
Forecasting
• Create Project
• Plan Costs using Easy
Cost Planning
• Create Purchase
Orders
• Post Down Payments
• Post GR/IR for
Purchase Orders
• Perform Project
Forecasts
• Detail forecast by
Purchase Order
• Plan Purchase Order
remaining value by
period
Project Manager Workbench
Actual Costs and PO Commitments are
displayed
Exclamation mark indicates that forecast
cost to complete must be recalculated
PO List is displayed
for selected WBS
hierarchy
Project Manager WorkbenchClick “Refresh” to automatically
recalculate Cost To Complete and adjust
Estimated at Completion (if necessary)
Cost and Work To Complete reduced from
actual costs and purchase commitments
Switch to Change mode
Select Costing item and choose “Detail Forecasting”
Detailed Forecasting by Purchase Order
When run for the first time, the system copies plan cost
items from ECP.
Delete them if they are no longer required
Detailed Planning by Purchase Order
PO Progress calculated
as %: PO Actual Cost /
PO Plan ValuePO Down
Payment amount
Current total
PO Plan Value PO Actual Costs
and Remaining
Committed value
PO Value of Work Done = Value of Work
Done as % * ( PO Plan Value + PO Cost To
Complete)
Detailed Planning by Purchase Order
System recalculates PO Estimated at Completion =
PO Plan Value + PO Cost To CompleteEnter PO Cost To Complete amount
Detailed Planning by Purchase Order
System recalculates PO Value Of Work Done =
% of Value of Work Done * PO Estimated at CompletionEnter % of Value of Work Done by PO item
Detailed Planning by Purchase Order
System recalculates PO Accrued Value = Value of
Work Done – Actual Costs – Down Payment
Detailed Planning by Purchase Order
System recalculates PO Remaining Value = Value of
Work Done – Actual Costs – Down Payment
Plan by Period PO Remaining value
Select Purchase Order item (or multiple items) and click
on “Plan By Period”
Plan by Period PO Remaining value
When Completed click “Confirm” to copy new Cost To
Complete to “Forecast” tab
Update Project Forecast from Detailed Forecasting
Cost To Complete are updated
from the Detailed Forecasting
screen
Estimated at Completion is updated
and it is now over Budget by
$30000.0 or by 10.0%
Exception indicator turns red because
project Estimated Cost at Completion
is higher than its Budget
For more information visit Noveco Systems on
www.novecosystems.com
