Cost control is based on an inquiry that you define to monitor the costs that your company incurs during a project. The cost control form compares the original budgeted costs for the project with the current budgeted costs of the project and the committed costs for the project.

You can set up which forecast models, columns, and buttons should be displayed in the Cost controlform in the Parameters form. Depending on the parameters that you set, when you calculate in the Cost control form, you can view the forecast transaction amounts of either the remaining or total budgeted amounts.

Viewing the remaining budgeted amounts

Viewing the remaining budgeted amounts for a project calculates the costs that have not been posted as actual or marked as committed costs. The calculation of the columns in the lower pane on the Generaltab of the Cost controlform are calculated in the following ways:

Actual cost- The actual cost amount is found in the Ledger updates form.
Committed cost- The committed cost amount is found in the Committed cost form.
Remaining budget- The remaining budget amount is found in the Budget updates form.
Total cost- The total cost amount is the sum of the actual cost, committed cost, and remaining budget.

On the Deviationtab page, you can view the comparison of the total expected cost with the original budget. This comparison shows any deviations so that you can verify where the data does not match correctly. The deviation amounts are calculated in the following ways:

Enable committed cost tracking for item requirements- The original budget is found in the Budget updates form.
Total cost- The total cost is the sum of the actual cost, committed cost, and remaining budget from the Generaltab page.
Deviation- The deviation is calculated by subtracting the total cost from the original budget.
Qty - Deviation- This amount is calculated by subtracting the total budget hours from the original budget hours and then by multiplying the difference by the original budgeted cost price. This calculation is used only for hours in a project.
Price - Deviation- This amount is calculated by subtracting the total budget hours from the original budget hours and then by multiplying the difference by the total number of hours consumed. This calculation is used only for hours in a project.

Viewing the total budgeted amounts

Viewing the total budgeted amounts for a project calculates the actual and total costs of the project to assist you in monitoring any deviation between the two. The calculation of the columns in the lower pane on the Generaltab of the Cost controlform are calculated in the following ways:

Total budgeted cost- The total budgeted cost is found in the Budget updates form.
Actual cost- The actual cost amount is found in the Ledger updates form.
Committed cost- The committed cost amount is found in the Committed cost form.
Variance- The variance is calculated by subtracting both the actual and committed costs from the total cost. The variance will show whether additional costs will need to be added to the total budget.

On the Deviationtab page, you can view the deviation of the total budget and the original budget. The deviation amounts are included in the following ways:

Enable committed cost tracking for item requirements- The original budget is found in the Budget updates form.
Total budgeted cost- The total budgeted cost is found in the Budget updates form.
Deviation- The deviation is calculated by subtracting the total cost from the original budget.
Qty - Deviation- This amount is calculated by subtracting the total budget hours from the original budget hours and then by multiplying the difference by the original budgeted cost price. This calculation is used only for hours in a project.
Price - Deviation- This amount is calculated by subtracting the total budget hours from the original budget hours and then by multiplying the difference by the total number of hours consumed. This calculation is used only for hours in a project.

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