This activity will calculate the cost and revenue values, Progress percentage and the Earn value based on your Production Schedule of Work.
Once Calculation Value is performed it is possible to analyze the SOW Production and Work Progress in 4 different perspectives.
Summary by Cost Element visualize the calculated cost and revenue values and the progress per each Cost/Revenue element used in your estimate.
Summary by CBS can be used to analyze the calculated cost and revenue values and the progress per each CBS Node.
Summary by WBS will be navigating to Schedule Of Work Production WBS Summary page, to visualize the calculated cost, revenue, margin and margin percentage values per each Sub Project and Activity.
When cost types enabled in Schedule of Work Cost Types page and Cost Element – Cost Type Mapping is defined for the respective cost types, it is possible to visualize the calculated Total Cost distribution per user define cost type buckets in Connected Sub Projects tab in Schedule Of Work Production WBS Summary page.
Summary by QBS will be navigating Schedule Of Work Production QBS Summary page, to visualize the calculated cost, revenue, margin and margin percentage values per each QBS Node. Calculated Total Cost distribution per user define cost type buckets can be visualized in this page as well.
Connected Items tab in Schedule Of Work Production QBS Summary and Schedule Of Work Production WBS Summary pages, can be used to drill down to SOW Items and Details to see cost and revenue value calculation details per each SOW item. Details command in Value Summary by CBS and Value Summary by Cost Elements pages will be giving the same visualization.
Schedule of Work Production should be created with Cost and Revenue Element values.
Schedule of Work Validate is performed without any errors.
Relevant Cost Types enabled in Schedule of Work Cost Types page.
Cost Element – Cost Type Mapping is defined for enabled Cost Types.
Work Recording need to be performed, in order to see the Quantity and/or Cost Progress of your Production SOW.
The defined cost/ revenue sub project and activities are prioritized when executing the calculation based on the following order,
Estimated Cost and Revenue values will ready to be reviewed in Project level, Sup Project Level or Activity Level based on your Schedule of Work.
Based on your selected Cost Element - Cost Type Mapping, You will be able to see the Total Cost distribution to each enabled Cost Type in Schedule of Work Summary pages.