In this article, we will discuss the Cost Control feature in Project Management & Accounting Module in Dynamics AX 2012.
Go to Common -> Projects -> All Projects and create a New Project
On the Action Pane, click Item Forecast in Forecast Tab.
Create a new Item Forecast.
Click New and create a New Item Forecast. Select an Item and forecast quantity.
Make sure, what-ever item you select, it has its cost price setup in the inventory, otherwise it will not take the manually entered cost price of the item during creation of item forecast. This can be a major flaw in the project management process where the user would look for committed cost for the said item forecast and he will find a zero committed cost due to no cost being registered with the item. Sales Price will however reflect in this whole iteration.
Once the Item Forecast is setup. Click the item forecast record and Click Copy at Action Pane on the Item Forecast form.
Clicking Copy, makes the forecast and Item Requirement.
You can see this Item Requirement when you click Item Requirements in the Action Pane at Projects -> Common -> All Projects.
Now, at this point in time, we have committed a cost for our project in terms of recently created item requirement for 1000 items for Item#1171.
We can track this committed cost when we click Committed Cost in Cost Tab on Cost Action Tab at Projects -> Common -> All Projects list page.