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At the request of the Division Director the PM must look at the incoming actuals, update their project files in order to reconcile the monthly and total actuals with the reported actual cost and copy the raw tile to the appropriate month row for the project status. The PM will then provide a short note explaining the project status as well as a mitigation strategy for high risk projects.

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This field contains the update date for the incoming actuals file. This can be used to determine how up to date the actuals information is.

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This field contains the total allocated funds for this project.

Monthly Actuals From Finance

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This field contains the total charges to date on this project up to the previous month.

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Total Budget

This field contains the remaining funds on the project given the current total actuals.

Actuals Adjustment

This field can be used to adjust for known errors in the incoming total actuals number for know misalignment. This field should be only used in approved situations.

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incoming Total Budgeted Cost from the project  file. 

Actual Cost

This field contains the incoming reported actual cost from the project budget project  file. This number needs to match the "Total Actuals From Finance" field. 

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Remaining Funds

This field contains the incoming remaining funds from the project  file. 

Cost Variance

This field contains the budget cost variance (how over budget is the project) value from the project budget project  file. 

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Cost Variance With Contingency

This field contains the budget cost variance value, with contingency applied, from the project budget project  file. 

Schedule Variance

This field contains the duration variance (how late is the project) value from the project budget file. 

Schedule Variance With Contingency

This field contains the duration variance value, with contingency applied, from the project budget project  file. 

Reporting Variance

This field contains the difference between the actuals total amount and the reported cost from the budget project file. This value must be as close to zero as possible.

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