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Anticipated Cost Types

Owned by Kyle Niekamp
Last updated: 06 21, 2022 by Claire Aleman

Overview:

Anticipated Cost entries provide the ability to enter and track anticipated cost increases and decreases, in a job's forecast. These entries are associated with an Anticipated Cost Type, which provides a description for why the anticipated cost is changing, but also determines if the anticipated cost entry will automatically update the forecast in PENTA. By editing job forecasts through the Anticipated Cost Types entry window, it provides a more formal process for tracking the increases and decreases to a job's forecast. 

Benefits:

  • Provides better reporting of forecast changes at an Anticipated Cost Type level
  • Ability to track anticipated cost changes outside of the forecast in situations where we do not want to update the forecast
  • Provides a more formal process for tracking forecast cost changes

Roles:

  • Project Manager

Location:

  • Project Management > Forecast & Completion Information > Anticipated Cost Types

Video:

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