1. Job Cost Implementation Guide
  2. Understanding Job Progress (Release 9.2 Update)

Understanding Job Progress (Release 9.2 Update)

After you create the job master record, establish a cost code structure, define a schedule, and set up a budget for each account, you can track the progress of a job. Based on information that you enter, the system calculates the projected final values for amounts and units, which you can use to identify the amount of variance in the job's budgeted values. Ultimately, you use projected final values to calculate the job's percent complete when you perform profit recognition for the job.

When you start a job, you estimate the final costs and revenues that you expect at the completion of the job, and then you enter the budget accordingly. During the course of the job, the final projections may fluctuate. Depending on whether you lock the budget for revisions, the amount that you budget might not match projected final values. The sooner you react to variances in the projected final and budgeted final values, the sooner you can identify problems and correct them. The closer you are to the completion of the job, the more accurate the final projections become. At the end of the job, the final values are known with 100 percent certainty and should be equal to the projected final values.

The system calculates projected final values based on the method of computation that you assign to each cost code account. If you do not enter a method of computation for an account, the system automatically assigns D (Default). The method of computation controls how the system calculates the percent complete and both the projected final cost and projected final quantity for the account. You can select a number of different methods of computation from the JD Edwards EnterpriseOne Job Cost system. You can change the method of computation at any time during the job progress.

JD Edwards EnterpriseOne Job Cost provides four programs to assist you with tracking job progress:

  • Field Progress Report (R51432B).

  • Account Progress Entry (P510211).

  • Job Progress Entry (P510212).

  • Performance Based Labor Progress Entry (P510312).

Based on the method of computation, the system lets you update specific fields, such as the projected final values, or protects fields from update. You can change to actual units, unless the account is specified in the field progress protection automatic accounting instructions (AAIs). These AAIs prevent you from updating the Actual Units field for the account, which might be useful when it is updated by other systems, such as JD Edwards EnterpriseOne Payroll and JD Edwards EnterpriseOne Accounts Payable.

All job progress entry programs display job information from the Account Balances table (F0902) for these ledgers:

  • Actual (AA/AU).

  • Revised budget (JA/JU + any additional ledgers that you define).

  • Open commitments (PA/PU).

  • Forced projected final values (FA/FU).

  • Forced percent complete (F%).

  • Projected final amount and quantities (HA/HU)