Background documentationEstimate at Completion (EAC)

 

EAC is a query to forecast the estimated cost at completion based on actual and estimated cost up to the previous month. This query is executed at intervals of months or fiscal periods.

EAC is the total of the remaining plan values (quantity and cost), actual values (quantity and cost), and commitments. Commitments are entered manually in the EAC forecast workbook.

The following key figure is calculated:

  • EAC Cost

Prerequisites

  • You have the required roles and authorizations.

  • Financial plans linked with master project structures (also known as execution structures) are available in the system.

  • SAP BusinessObjects Analysis, edition for Microsoft Office is installed in your system.

  • You have an active version of the financial plan which contains the current plan data.

Features

Characteristics

Financial Plan Item

This column contains the individual nodes of the bid structure or master project structure that you have created. You can add more line items if you wish to plan at the work breakdown structure level.

Line Item Description

It is the short description that defines each node of the structure.

Resource Types

Resource types are a superset of the kind of resources used in a project. Three standard resource types are provided: material, activity, and human.

You can define your own resource types.

Resources

Resources are subsets of resource types – each resource is associated with a resource type. For example, if the resource type is ‘material’, then the corresponding resources can be ‘brick’, ‘cement’, ‘marble’, ‘wood’, and so on.

You can define your own resources.

Key Figures

Overall Plan Cost

It is the plan cost of the entire project.

Plan Cost up to (Month)

It is the plan cost of the current forecast month plus all the preceding months.

Remaining Plan Cost

It is the plan cost of all the months that fall after the current forecast month.

Approved Plan Cost

It refers to the approved change request costs.

Pending Plan Cost

It refers to the change request costs that are not approved.

Actual Cost

It refers to the actual cost of the resources.

Previous Month EAC

It is the planned EAC cost for the previous month. The system also proposes this value as the Plan Cost EAC for the current forecast month.

Cost EAC (Current Month)

This is the proposed cost based on the EAC from the previous month. Users can change the proposed cost estimate.