Perform this activity to view the details of the objects connected to project activities, and to evaluate their performance. Important information include the cost, hours and revenue values from these activity connected objects and the cost/revenue elements to which these values are reported. The progress of the connected objects and their contribution to Earned Value can also be viewed. A variety of object types, such as Purchase Orders lines, Shop Orders, Work Orders, Sales Contracts, Document Packages, Tasks, Resources etc. can be connected to activities. The type of information updated to the activity depends on the object type and also the status of the object. As the connected objects are executed, the activity is updated with relevant information which should be regularly analyzed and evaluated in order to identify deviations from the project plan and budget so that corrective action can be taken when necessary.
Project Connections action command in Activity Monitoring page, expanding activity node in Project Monitoring tree navigator or query for activity in Project Connections list page can be used to list the objects connected to the selected activity. Information about the connected object is shown including object type, description, status, progress, earned value as well as estimated, planned, baseline, planned committed, committed, used and actual values for both cost and hours. Additionally, used and actual costs are reported on the object when connected voucher(s) exist, and it is possible to drill down to the voucher information from the object. Revenue information including estimated, planned, preliminary, posted and actual values may also be shown for the connected object. In these forms, the cost and revenue values will always be reported from the connected objects in base and transaction currency. If multi-currency and/or project currency have been enabled for Budgeting and Forecasting purposes for the project, then cost and revenue will also be reported in base currency using the fixed Budgeting and Forecasting rate and/or the project currency.
Cost, Hours and Revenue tabs in Project Monitoring, Sub Project Monitoring and Activity Monitoring pages display cost/hours/revenue information from the objects summarized up to selected level per cost/revenue element. The values in these tabs are displayed in base currency.
Activities list page, Activity Monitoring and Sub Project Scope and Schedule/ Activities tab display the total Calculated Cost Progress and Calculated Hours Progress for the activity.
For detailed information about each object type, please refer the following documents:
Note: The Planned Cost Driver, Progress Method, and Earned Value Method
of the activity will effect the calculation of the total progress and earned
value on the activity.
IFS Business Analytics can be used to create,
display and analyze information based on the activity connection data available
in IFS Cloud. For more information refer About Information Sources
in IFS Business Analytics.