Execute Calculate Value at Work Recording Summary
Explanation
This activity will calculate the Cost and Revenue values, Progress percentage and the Earned Value based on your
Production Schedule of Work. Once the function Calculation Value is performed, it is possible to
analyze the SOW Production and work progress from four different perspectives:
- Summary by Cost Element: Visualizes the calculated cost and revenue values and the progress
for 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 for each CBS Node.
- Summary by WBS: Navigates to the Schedule Of Work Production WBS
Summary page, allowing you to visualize the calculated cost, revenue, margin, and margin
percentage values for 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: Navigates to the Schedule Of Work Production QBS Summary
page, allowing you to visualize the calculated cost, revenue, margin, and margin percentage values for each
QBS Node. Additionally, the calculated total cost distribution per user-defined cost type buckets can be viewed
on this page as well.
The Connected Items tab in both the Schedule Of Work Production QBS
Summary and Schedule Of Work Production WBS Summary pages, allows you to
drill down to SOW Items and Details to view the cost and revenue value calculation details for each SOW
item.
The Details command in the Value Summary by
CBS and Value Summary by Cost Elements pages will be giving the same
visualization.
Prerequisites
- Schedule of Work Production should be created with Cost and Revenue Element values.
- Schedule of Work Validate function is performed without any errors.
- The 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.
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 header)
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 the Schedule of Work Summary pages.