What is 'estimated costs at completion' in SAP PS - Project System?

estimated costs at completion - Overview

• Component: PS

• Component Name: Project System

• Description: The expected total costs for the project, based on costs incurred and costs to complete CTC.

estimated costs at completion - Details

• 
  Key Concepts: 
  Estimated costs at completion (ECC) is a feature of the SAP Project System (PS) component that allows users to estimate the total cost of a project based on the current progress and remaining tasks. It takes into account all costs associated with the project, including labor, materials, and overhead. The ECC calculation is based on the current status of the project and can be updated as the project progresses. 
  
  How to use it: 
  To use ECC in SAP PS, users must first enter all relevant data into the system, including labor costs, material costs, overhead costs, and any other relevant information. Once this data is entered, users can then use the ECC feature to calculate an estimated total cost for the project. This calculation can be updated as the project progresses and new information is added. 
  
  Tips & Tricks: 
  When using ECC in SAP PS, it is important to ensure that all relevant data is entered into the system accurately and completely. This will ensure that the ECC calculation is as accurate as possible. Additionally, it is important to update the ECC calculation regularly as the project progresses to ensure that it remains accurate. 
  
  Related Information: 
  For more information on using ECC in SAP PS, please refer to the official SAP documentation or contact your local SAP support team.