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Planned Cost vs. Forecasted Cost

Question asked by Richard_Devoteam on Sep 20, 2013
Latest reply on Sep 21, 2013 by navzjoshi00
Dear all,

could anyone briefly explain to me the difference between the (simple) financial figures "Planned XYZ" and "Forecasted XYZ"?
I understand the difference between forecast and budget. Clear for me is also the concept of "simple" financial figures: we can edit these simple figures on project level directly. As soon as we start using cost plans and budget plans, the project attributes turn read-only and are automatically populated from the "plan of record" cost plan, last approved budget plan. ok,
But the cost plan values are taken to planned cost and forecasted cost identically.
Why does Clarity have these to sets of values?

Could it be that planned cost is somewhere hard-coded to be used in portfolio management's efficient frontier?

Thank you very much in advance, Richard

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