AAOM Handbook

Quantity

• One document.

Quality

The EPS must provide clear and easy reference to; • The Activities that make up the OMS. • The timing or frequency of Activities. • The forecast and actual costing during each measurement interval for each Activity up to the current time. • The forecast cost for each Activity for each measurement interval in the future. These criteria are likely to be best met if the EPS is an on-line electronic document derived from the schedule and costing model used for Operational Planning. Revision/updating of the EPS must; • Retain the forecast values that were approved during the revision interval for all historic data. That is a new revision of the EPS cannot change the forecasts that existed for past measurement intervals, only future ones. • Update the actual frequency and cost of Activities for the current measurement interval on a regular and timely basis.

Time

As a guideline;

• The updating of actual frequency and cost of Activities for the current measurement period should occur daily.

• The updating of forecasts for future periods should occur quarterly.

• The measurement interval for Activity actual frequency and cost should be aligned with the shortest costing system reporting period – typically monthly.

Resources

Completion of this task is the accountability of the role nominated on the configured Expenditure Schedule flowchart.

© McAlear Management Consultants 2006

Operational Planning: Set Expenditure Schedule

Updated: August 2018

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