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WIP calculation = Actual Cost + % on actual cost

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WIP calculation = Actual Cost + % on actual cost

Postby cpsaraogi » Thu Jul 29, 2010 8:34 pm

Hi,

The requirement of our client is that the WIP is to be calculated such that it is the actual cost till date + a fixed percentage on actual cost till date. In this case the fixed percentage is 7.5%.

The client also had a different requirement whereby the WIP was = (Actual Cost/Estimated Cost)*Project Value. This we have been able to achieve by making the required settings in transaction OKG3.

However, we are unable to get the WIP as actual cost + a percentage on actual cost. Pls let me the required settings to be done in this case.


Thanks a lot.
cpsaraogi
 
Posts: 29
Joined: Mon Oct 22, 2007 6:36 am
Location: india

Re: WIP calculation = Actual Cost + % on actual cost

Postby rje » Mon Aug 09, 2010 5:20 am

You could try applying overhead to the WBS' using costing sheets. Config is under Project System>Cost>Automatic and Periodic Allocations>Overhead.
rje
 
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Joined: Fri May 27, 2005 7:48 am
Location: Ontario

Re: WIP calculation = Actual Cost + % on actual cost

Postby cpsaraogi » Tue Oct 26, 2010 12:02 am

The config. for WIP cal. can be done through Result Analysis.
Pls maintain a different RA key for Cost Plus WIP.
After that define the valuation method for this key. In this make the follwoing settings:
RA Type E
Profit Indicator M
Valuation Basis I
Plan Version 0
Version f. Sim. 0
Progress Versio
Updated Costs
Valuation Level S
Profit Basis T
Base Quantity
Loss Realiztion E
Final RA
Project Struct. A
SalesOrderStruct
Profit % 7.50
ResultsRes 0.00
Commitments


This will take care of the COST plus billing as per your requirement.


Regards

Chandra
cpsaraogi
 
Posts: 29
Joined: Mon Oct 22, 2007 6:36 am
Location: india


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