3. Update the business sheet and estimate the amount of work still to be done

As the job progresses, and on a periodic basis (monthly, for example), the costs charged to the different budget lines of the job sheet (valued hours and purchases) are automatically brought up and integrated, and constitute the job "commitment".

For purchasing, the amounts of orders placed with suppliers are taken into account, rather than payments, in order to have a more dynamic and conservative view of costs.

To obtain the final budget, the project manager and his team need to estimate the "remainder to be done" for each budget line, based on his actual vision and the progress of the project, using the detailed project schedule, for example.

The sum of the costs incurred and those still to be done is the cost to completion.

The ratio (total sales price including base price and various...