Execute Calculate Value
Explanation
Use this activity to calculate the cost and revenue values based on your Schedule of Work Estimate items, and
view the result in the Schedule of Work Value Summary page.
The Schedule of Work Value Summary page can be used to analyze the estimate
from four different perspectives:
- Summary by Cost Element visualizes the calculated cost and revenue values for each
Cost/Revenue element used in your estimate.
- Summary by CBS analyzes the calculated cost and revenue values for each CBS Node.
- Summary by WBS navigates to the Schedule of Work Estimate WBS
Summary page to visualize the calculated cost, revenue, margin, and margin percentage values
for each sub project and activity.
- Summary by QBS navigates to the Schedule of Work Estimate QBS
Summary page to visualize the calculated cost, revenue, margin, and margin percentage values
for each QBS Node. The calculated Total Cost distribution per user-defined cost type buckets can also be
visualized on this page.
When cost types are enabled in the 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-defined cost type buckets in the Connected Sub
Projects tab in the Schedule of Work Estimate WBS Summary page.
The Connected Items tab in the Schedule of Work Estimate QBS
Summary and Schedule of Work Estimate WBS Summary pages can
be used to drill down to see cost and revenue value calculation details for each Schedule of Work item. The
Details command in the Value Summary by CBS and
Value Summary by Cost Elements pages provides the same visualization.
Prerequisites
- Schedule of Work Estimate should be created with Cost and Revenue elements
- Schedule of Work Validation should have be performed without any errors.
- Relevant Cost Types must have been enabled in Schedule of Work Cost Types
page.
- The Cost Element – Cost Type Mapping must have been defined for enabled Cost Types.
System Effects
The defined cost/ revenue sub project and activities are prioritized when executing the calculation based on the
following order:
- Detail Level.
- Item Level.
- Default Sub Project and Default Activity values (on the Schedule of Work Details section in the header)
- Estimated cost and revenue values will be ready to be reviewed at the Project level, Sub 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 the Schedule of Work Summary
pages.