1. Cost Impact (Contingency Type)


1. If the type of the approved Change Control Request is ‘Contingency’, click the ‘Budget’ Module from the left sidebar of the page.  

  • Once done, go to ‘Detailed Cost’ section and select any of the budget items that you want to update.

 

 

2. In the Budget Cost Details page, click the ‘Update’ button.


 

3. Once done, you will reach the ‘Update Cost’ page. Navigate to ‘Budget’ then ‘Request Change (B)’  field, then add an amount in the Contingency field and select an Allocation by clicking the ‘dropdown’ menu.


 

4. To add a cost period, click the ‘+Add Cost Period’ link and then add the Period and Forecast cost.

You can also update current or future ‘Forecast Cost’. Once done, click the ‘Update Cost’ button to save the changes.


 

5. To check if Cost Impact is successfully implemented, go back to the ‘Budget’ page and then navigate to the ‘Detailed Cost’ section. Select the budget item that you updated.

 

6. Once you reach the Cost Details page, go to the ‘Budget’ section and then check the ‘Approved Change’ field if the Implemented Cost Impact is displayed.


 

 

2. Cost Impact (Scope Change)


1. If the type of the approved Change Control Request is ‘Scope Change’, click the ‘Budget’ Module from the left sidebar of the page.  

  • Once done, go to ‘Detailed Cost’ section and select any of  the budget items that you want to update or click the ‘+ New Cost’ button to add a budget item.

 

 

Add Budget Item:


1. To add a budget item, click the ‘+ New Cost’ button.


 

2. In the New Cost page, input the required fields: ‘WBS’, ‘Cost Type’, ‘Description and then add the add the Amount and Allocation in the ‘Request Change’ fields.


 

3. Then add the  ‘Baseline Budget’ and the ‘Baseline Cost’. To add more cost period, click the ‘+Add Cost Period’ link. Once done, click the ‘Add Cost’ button to save data.

 

 

Update a Budget Item:


1. To update a budget item, navigate to the ‘Detailed Cost’ section and then select any of the budget items that you want to update.


 

2. Within the ‘Cost Details’ page, click the ‘Update’ button.


 

3. Start adding the necessary changes in the ‘Update Cost’ page. Once complete, click the ‘Update Cost’ button to save changes.


 

4. To check if Cost Impact is successfully implemented, go back to the ‘Budget’ page and then navigate to the ‘Detailed Cost’ section. Select the budget item that you updated.



 

5. Once you reach the Cost Details page, go to the ‘Budget’ section and then check the ‘Approved Change’ field if the Implemented Cost Impact is displayed.