👀 Purpose
The purpose of allocating an Expected Additional Cost is to ensure that the final forecast always reflects the most realistic possible cost picture. An expected additional cost represents changes or costs that, with a high degree of certainty, are expected to occur in the future.
When an expected additional cost is registered, the final forecast is adjusted upward by the value of the expected addition.
🥅 Scope
In the Expected Additional Cost menu, several actions are available. Below is an overview of the most important ones, which are described in more detail in the following sections:
Create Expected Additional Cost
Edit Expected Additional Cost
🤸 Actions
Below is a more detailed description of the actions available in the Expected Additional Cost menu.
Create Expected Additional Cost
An Expected Additional Cost is a reserved future cost that you know, with high probability, will occur, but where the exact amount is not yet known. By entering an expected amount, you ensure that the final forecast reflects the most realistic cost picture for the project.
🔹 How to create an Expected Additional Cost
Click “+ Expected Additional Cost” in the top-right corner above the table.
A new window opens to create the expected additional cost.Fill in the following information:
Name of the expected additional cost
Group – select an existing group or create a new one
Supplier – link a supplier to the expected additional cost
Contract – add a contract if you know which contract the future change will apply to
Expected date – specify when you expect the cost to occur
Description (optional) – add any details about the background of the expected cost
Cost – enter the expected amount
Add cost lines for the expected additional cost.
Each cost line represents an addition linked to a selected account/product code.Click Save to create the expected additional cost.
Add an expected additional cost by clicking the “+ Expected Additional Cost” button.
Edit Expected Additional Cost
To edit an existing Expected Additional Cost, do the following:
Click the pencil icon to the right of the name in the table.
A dropdown menu with available actions appears – select Edit.
The same dialog used when creating the Expected Additional Cost opens.
Update the relevant fields.
Click Save to apply the changes.
💡 Did you know…?
You can create and edit Expected Additional Costs directly from the Account/Product Code menu or the Purchasing menu linked to the relevant account or contract. When doing so, the account and contract are automatically pre-filled, making the process faster and more accurate.
For more information, see the guides for Account/Product Code Administration and Contract Administration.
💬 Questions?
Didn’t find what you were looking for? Contact us at [email protected].