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Cost planning process

Using network activities we can plan various types of cost on a project. Once the flow of actual values starts there will be the difference between actual costs and planned costs.

From the management perspective to get the most accurate project cost estimate we need to combine the actual cost from the project with the planned costs for the future periods. That can be done taking a copy to another planned version.

I would like to understand the standard scenario to get updates into the cost estimate. Is it possible to control with the network valuation variant that planned cost is updated with actual cost coming from external procurement?

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