This lesson describes:
• How to apply Curve Profile
• Custom Dates
[MUSIC PLAYING]
Use predefined curve profiles to distribute costs on the cash flow page. This feature saves time by replacing the need to manually distribute cost values for a project. Predefined curves are created and modified at the workspace level. A curve can be applied to the planning budget forecast, actuals or benefits. In this example, let's apply a curve to the planned budget.
1. Apply Curve Profile.
On the context menu, select Apply Curve Profile. Select a curve. You can adjust costs and dates, but let's keep the defaults to spread the total value over the entire project. The total planned budget is spread across the start and finish dates based on the applied curve. There may be instances when you know how much will be spent in the beginning of a project, but need to spread the balance over the remaining time. In this example, we know that half of the $6 million budget will be used in the first two years.
2. Custom Dates.
When you apply the curve, adjust the amount and select Custom Dates to spread the remaining values. $3 million is spread from the selected date to the end of the project. There also may be times when forecasted costs increase after the project is underway, requiring new cost values to be spread.
In this example, 40% of the project is complete, but forecast totals have increased by $500,000. Let's reapply the curve and to the remaining time on the project. A preview displays the past and the remaining curve. And to the new cost balance and date to begin the spread. The forecast increase is redistributed based on the remaining curve and dates.