Financial Plan

Select the Financial Plan tab.

Estimated Material, Estimated Labor, Estimated Other, Estimated Special Units, and Estimated Special Amount

Enter the estimated costs for the project. The method for entering estimated costs may vary depending on whether you are entering costs for summary tasks or manufacturing work order tasks.

For summary tasks, enter costs manually on this form because no production costs are available for these tasks.

You can enter estimated costs manually for work order tasks as well. However, if the item on the work order is a standard cost item (cost method 07) and standard costs exist for the item, you can use these values as a default. When you enter the work order task in the WBS, the system automatically populates the estimated cost fields with the available standard costs. The system assigns costs to the cost fields based on the cost classification scheme that you defined for the project.

The system summarizes the costs that you enter in the Estimated fields in the Summarized Cost group box at the top of the form.

Total Estimated and Total Planned

Enter the estimated total and total planned costs of a task.

Planned Material, Planned Labor, Planned Other, Planned Special Unit, and Planned Special Amount

Display the planned costs for a task, such as material cost, labor, and other. Planned other cost is stored in the Work Order Master Tag File table (F4801T).

Displays the number of special units that are budgeted for a task, after the acceptance of a quote.

Specifies the special amount that is planned for a task, after the acceptance of a quote.

Enter planned costs manually or have the system calculate planned costs by running the Order Processing program (R31410). If you enter costs manually and then run the Order Processing program to attach parts lists and routings to the work orders, the resulting cost information overwrites the planned cost information that you entered on the Project Workbench form.

You attach the parts list and routing to the work order to retrieve the current unit costs, as well as labor, setup, and machine rates, rolled up into the planned cost fields on the Project Workbench form. You can override these unit costs and rates manually in the Work Order Parts List (P3111) and Work Order Routing Instructions (P3112) programs. When you make changes to the costs, the system updates the planned costs.

You can update the planned cost fields from the estimated cost fields if, at the time of quote acceptance, the planned cost fields are still blank.

The costs that you enter or retrieve from various sources roll up to parent order levels, regardless of whether the parent is a manufacturing work order or a descriptive task. The system summarizes the costs that you enter on the parent level in the Planned field in the Summarized Cost group box.