Invantive VisionIn this screen you can register and change expectations.
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An expectation is a cost still to arrive and which is not included in the current prognosis. You can use the expectation for comparison with the prognosis and to create additional revenues which are necessary if there is a gap , regardless of the already placed orders or received invoices.
Internally, every expectation is converted to a Latest Estimation.
Normally you would register an expectation if you expect a claim, an unexpected setback or a non-legally agreed funding (for instance from governments).
The meaning of the entry fields is:
Project |
The project which the expectation is part of . |
Cost Type |
The cost category where the expectation will be registered. Only cost categories can be chosen from the master roll up of the type ‘Costs’. |
Organization |
The organization which as a supplier causes the cost. |
Contract |
The contract for that particular category of costs and the possibly related invoices. Two expectations cannot share the same contract on one budget. |
Realization |
The actual costs to date. |
Expectation |
The size of the expectation. |
Observation Date |
The date on which the expectation is determined. |
Explanation |
An informative explanation such as the reason for the expected budget excession. |
Documents |
Linked documents, see Linking Documents. |
Expected Maturity |
The date the cash flow for this expectation is expected to begin. |
Expected Maturity End |
The date the cash flow for this expectation is expected to end. The maturity date is only relevant if the cash flow projection method needs it. |
Distribution Method |
The method used to distribute the cash flow of the expectation over time based on expected maturity and expected maturity date. |
