Hello,We are project-based organisation with many projects running concurrently and with a strict monthly reporting cycle. Each project is enforced to create monthly resource and financial forecasts.We’ve been having some issues recently with resource forecasts generating negative ETC costs which then disrupt financial forecasts, see this thread. We have been investigating further in test environments and noticed that our issues disappear when we use “EAC Recalculated” in the snapshot matching field when generating a resource forecast, rather than using “ETC recalculated”. When we went live, we were instructed to use “ETC recalculated”.Unfortunately, the help panel in IFS doesn’t include any information on the difference between these two calculation methods when selecting this field. With a PM hat on, EAC recalculated makes the most logical sense as we want Committed and Used hours to be driven by timesheet & shop order data, and ETC hours be driven my monthly manual intervention
Hi,We’ve been using IFS for a year or so but repetitively see an issue with negative ETC costs generated on resource forecasts that then feed into project financial forecasts, and cause cascading issues.Working example below:I have done a little digging but still confused as we were never educated on some of the underlying calculations that occur. In the example: PM has defined 0 ETC hours to complete on this activity. ETC cost is pulling through a large negative cost. Drilling down it appears to be an issue with Cost Elements whereby negative User Hours are posted into ETC leading to the negative ETC cost. Why do ETC hours in cost elements display differently to the main resource forecast screen? Unsure what “cost elements” are within IFS and ultimately how they are controlled and who typically within an organisation controls them. Can anyone please help shed light on this?ThanksIan
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