| Using monitoringMonitoring is used to: - Build actual cost
control
- Control inquiries and
reports
- Measure performance
Build actual cost control You can build the actual cost control data for a range of
projects. You can use this data for project monitoring. The budget, budget
adjustments, budget extensions, unit costs, revenues, commitments, actual
progress, and forecasts for final results are used to fill monitoring tables.
Once this data is generated, it can be used in all project-control-inquiries
and project monitoring reports. Main features: - The performed and
actual costs are calculated for the current period and accumulated from the
start of the project.
- The allowed quantities
and unit costs are determined on the basis of the project progress.
Control inquiries and reports You can monitor
projects at any time during their execution. Performance measurement You can measure the performance of a time-phased project. That
is, the amount of work accomplished on a project. This allows management to
compare how much work has actually been completed against the amount of work
that must be completed. The following is determined: - The planned value
(PV).
- The earned value (EV).
- Actual costs
(AC).
- Budgeted costs at
completion (BAC).
- Estimated costs at
completion (EAC).
- The schedule variance
(PV-AC).
- Cost variance (EV-AC).
Four levels of measurement are available: activity, activity/cost type, OBS and
OBS/cost type. You can also generate performance measurement against the
previous baseline and version if available. You can generate, display, and
print the performance measurement.
This includes scheduling sessions that use derived financial
planning data to present analytical information on liquidity and performance
measurement. You can: - Use the Display Financial Analysis (tppss0701m000) session to compare budgeted costs,
actual costs, and revenues from the activity budget.
- Use the Performance Measurement using EVM (tppss0702m000) session to display a performance measurement graph
that uses information generated in the Performance Measurement Activity (tpppc5540m000) session and the time phased budget.
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