Select this option to turn the project log on for collecting/recording budget transactions in currency and hours. This option displays only when the project log is turned off.

Select this option to turn on time-phased data logging of baseline changes for projects with regulatory requirements. Cobra captures baseline changes for each period in addition to the total budget in the IPMR Format 3 report. This option displays only when the project log is turned on.

Select this option to stop all the recording of budget transactions for the project. This option displays only when the project log is turned on.

Select this option to enable the Update Project Log option. This option displays only when the project log is turned on.

Select this option to edit change comments and numbers that are saved when budget changes are made to the project and against the log.

Selecting this option disables the Update Project Log option.

Use these options to perform transactions against the project log. You must select the Adjust the log option to enable these options.

Select one of the following options:

• Transaction change of New Unpriced Work, Negotiated Changes, Allocated Management Reserve, or New Over Target Baseline: Select this option to make funding changes to the project's contract account balances.
• Reconcile the project audit log to the current budget: Select this option to adjust the project log to match that of the project. The Reconcile process updates the distributed budget and header records in the log to match those in the project. It compares the BASELOG table to the PROGRAM table for CTC, AUW, MR, UB, and DB (total budget). When it finds that the amounts do not match between the tables, it will reconcile the log so that the fields above in the BASELOG table match the same fields in the PROGRAM table.
• Reset the baseline by deleting the existing transactions stored in the project audit log and overwriting the new baseline: Select this option to delete the saved budget log changes or transactions and the change comments or numbers saved with each budget transaction.