Tempo Folio: Cost estimate to complete not shown?

Hi - I've been trying to setup Tempo Folio and can't seem to get the future costs shown against projects.

The image below from Overview shows that I've planned out total costs, however the Estimate to Complete (Known) is empty?

The Estimate at Completion (Known) also shows the same as Cost to Date, this doesn't make sense.....

Any help would be appreciated, I assume that the calculations are based on the planned costs inputted into the folio, I can't find the basis (i.e. where the date is from) for the calculation in the documentation.

Screen Shot 2015-05-11 at 1.57.20 pm.png

1 answer

Hi Adam,

Tempo Folio provides 2 Estimates at completion (EaC)

The first one is based on the project's performance and is computed based on the completion ratio. It is simply the actual cost to date divided by the Completion ratio. (AC / Cr).

The second one is based on the future known costs and is computed based on the resources allocations in the future (defined in the team section) and the recurrent expenses that were booked in the actual section. Now these known costs are summed up until the projected end date which is simply computed based on the completion ratio

Now for the EaC (Known), If none of the resources have an allocation in the future and no recurrent expenses were booked then the future known costs are 0. The EaC(Known) in the overview will then be  the cost to date since the project has no known future costs. I would believe that this might be your case.

If you adjust the resources allocations in the future you will see that the EaC (Known) will reflect these future resources costs. In some cases this cannot be done thus the EaC based on performance.

It might be easier to visualize this by looking at the Costs / Forecast.
The light red dashed curve is the EaC (Performance)
The light red plain curve is the EaC (Known)
In the right hand side column you will find the projected end date.

I hope this helps Adam, else please again do not hesitate.

Cheers,

JC

 

 

Perfect, now I know the calculation it makes sense, thanks!

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