Cost Control & Actuals

Purpose of this Training

This training explains how actual costs are captured and controlled in ProjectVIEW ERP, allowing users to monitor project performance against approved budgets in real time.

After completing this training, users will be able to:

• Understand how actual costs are recorded

• Track costs against budgets and commitments

• Monitor cost performance at project and WBS level

• Identify deviations and support corrective actions

---

Cost Control Overview

In ProjectVIEW ERP, cost control is fully integrated with project execution and financial data.

This section explains:

• The relationship between budgets, commitments, and actual costs

• How cost control supports project performance monitoring

• The importance of real-time cost visibility

Cost control ensures that project financial performance is continuously monitored.

---

Actual Cost Sources

Actual costs in ProjectVIEW are generated automatically from operational activities.

Users will learn how actual costs originate from:

• Procurement receipts and invoices

• Subcontractor progress and payments

• Payroll and labor allocation

• Inventory issues and material consumption

All actual costs are linked directly to projects, WBS, and cost codes.

---

Cost Tracking & Analysis

This section shows how users can:

• Monitor actual versus budgeted costs

• Analyze variances at different project levels

• Identify cost overruns and savings

Cost tracking enables early detection of financial risks.

---

Cost Control at WBS Level

ProjectVIEW allows detailed cost control at WBS level.

Users will see how to:

• Track costs per WBS element

• Drill down into cost details

• Monitor cost performance across project phases

This supports accurate project performance analysis.

---

Cost Monitoring & Reporting

Users will learn how to:

• Use dashboards and reports for cost control

• Monitor trends and cost evolution

• Support management decision-making

Reporting provides clear visibility into project financial status.

---

Training Video

Embed the Cost Control & Actuals video here

---

What’s Next

After completing cost control and actuals, continue with:

Materials & Inventory Management