Non-committed costs, imports, and reporting
Comparing Projected Costs and Actual Costs reports
Projected and Actual Costs answer different questions about where project spending stands.
Projected and Actual Costs answer different questions about where project spending stands.
Best for: Project managers, controllers, and executives · Requires: Financial read access.
Use the Projected Costs Report to see expected costs from sources such as Commitments, Change Orders, and Receipts.
Use the Actual Costs Report to review subcontractor invoice line activity and Receipts already recorded. Its status information helps you distinguish Draft, Under Review, Approved, and Paid invoice amounts.
Use filters and Budget Codes to compare the same scope. A variance can be valid when committed work has not yet been invoiced or when a pending change is included in projection but not actual cost.
Neither report replaces the Full Budget Report's combined revenue, budget, and forecast view.
In the recurring example, the $1 million concrete Commitment and its vendor CO appear as expected cost before all work is invoiced. Approved concrete invoices then become actual cost, while the fuel Receipt appears in both reports without belonging to the concrete Commitment.