I was interested in the answer also, but am having trouble accessing Article.
Thankyou, understand your responseThis is what we are doing currently. But the CCO values are locked separately and remain as full value CCOs even though when approved they are included in the adjusted forecast.Agree CCOs valuable in tracking Project variations and provide justification for budget increases (in forecasting) but once approved and spread, these costs remain when creating new forecasts - Connected CCO values are causing issues with value of project remaining to be claimed. Ie Budget + CCO included in project new forecast, and used in project budgets, but each new forecast brings in these original values as spread values - which then indicates we have revenue/ costs not spent but they are. Is there no way to Ghost these figures in CCO once transferred to Forecasts?? We do not want to lose connection between Project and CCO. CRIM item??
Thanks Vibhusitha, CCO process and approvals is good to track variations and involve management oversight through approvals to allow for budget increases and revenue recognition to be forecast accurately.But Forecasting ?, is it an IFS limitation that these are not adjusted as part of project forecast, as these are taken as “Connected values”, noting that whilst they are visible they do not account in the final summation of costs/revenue. Is there a way to ghost the amount in CCOs and have revenue transfer directly to budgets without forecasting?Any clue on how others qualify works completed against claimed / budgeted in Month end reporting which is required to demonstrate overall project performance, work to complete plus expected revenue. We have built a complex business report but some data sources rev from CCOs seems unreliable due to spread and %.
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