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Unable to recognize rev using this formula: Rev = Contract Value* Actual Cost/Approved EAC

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edited Dec 14, 2023 6:33PM in Project Management 8 comments

Summary:


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We need to be able to recognize revenue on projects based on the following formula:

Revenue= Contract Value* Actual Cost/Approved EAC

When we use the Percent Spent revenue method classification, it calculates revenue based on following formula: Revenue= Contract Value* Actual Cost/Approved Cost Budget

BUT, we need the denominator in this formula to be APPROVED EAC rather than the cost budget.

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