Like a lot of you we are using IFS for managing and maintaining the delivery of our Projects.
In IFS we build up the project cost using hours (x number of hours at a set grade = cost to the business) however when we come to do the forecast, either updating the ETC/EAC on the activity line or on a project forecast, the system asks for a monetary value.
So, if you’ve got a 200 hour activity made up of 3 different grades and you’ve booked 80 hours in total (a mix of the 3 grades), how do you calculate what the cost to complete is (without using a separate spreadsheet to do the calculations) ?
Simple if everything is on track, baseline cost minus actual cost equals cost to complete.
Not so simple when you’re are going to need more hours than planned to complete the activity.
Currently the only solution I can see is to do the calculations separately to IFS and then input the values into the ETC field, this isn’t an ideal solution and does defeat some of the benefits of having an integrated solution.
Any suggestions or examples of how you use IFS ?