Planned vs Actual Cost
Planned cost comes from the plans on a work order; actual cost comes from labor, materials, services and tools really used. Comparing them shows how good estimates are.
Where in Maximo
Work Order Tracking, View Costs
At Riverbend WO 50231 was planned at $1,180 and actually cost $1,506 because the job ran 1.5 hours over.
Related Terms
Verify in IBM Docs: IBM Docs > Maximo Manage > Financial management