Understanding the Method Column in Cost Projections

Created by Leah Cadman, Modified on Wed, 16 Sep at 3:28 PM by Leah Cadman

Understanding the Method Column: 

The Method column determines how the system calculates remaining Hours and Cost in the Cost Projections grid. 

When using unit-based projections, Remaining Projected Units are the starting point. Based on the selected Method, the system uses the appropriate rates to calculate the remaining Hours and Cost. 

For example, if 100 units remain and the selected Method uses 2 hours per unit, the system calculates 200 Remaining Projected Hours. 

Method Options

Method

How it works

Budget

Uses hours-per-unit and cost-per-hour values from the Current Estimate.

Actual

Uses hours-per-unit and cost-per-hour values based on Actuals to Date.

Override

Lets you manually enter the values used to calculate the remaining projection.


Default Method

The system automatically assigns a Method based on the budget code's % Units Complete:

  • Budget — Less than 10% complete

  • Actual — 10% complete or more

  • Override — Used when the previous month's projection was set to Override

Users can change the Method when needed.

How Each Method Affects Projections

Budget

Uses the rates from the Current Estimate to calculate remaining Hours and Cost.

Actual

Uses rates calculated from Actuals to Date to calculate remaining Hours and Cost.

Override

Allows users to manually enter the values used for the remaining projection when the Budget or Actual rates don't accurately reflect the expected work.

Enable the Method Column

Admins can enable the Method column from:

Admin > Projection Categories > Column Settings

When enabled:

  • Remaining Projected and Total Projected sections become read-only.

  • The Recalculate button appears in the upper-right corner of the grid.

  • Selecting Recalculate updates projection values based on the selected Method.

For more information, see Projection Setup.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article