Monitoring on cost plus projects
On projects linked to Time & Materials or Cost Reimbursement contracts, physical progress was ignored and the Actual Cost (AC) was used as the Earned Value (EV).
The Use Progress Setting for All Projects check box has been added to the Project Progress Parameters (tpppc0500m000) session to use the progress of all projects regardless of the linked contract type. If this check box is selected, the Build Actual Cost Control (tpppc4803m000) session considers all projects. This table shows the interaction between the project and cost object settings to determine the Earned Value (EV) and the Cost Variance:
Cost Object Progress = yes |
Cost Object Progress = no |
|
---|---|---|
Project Progress = yes |
Determine result: EV - AC = Variance |
Determine result: EV - AC = Variance |
Project Progress = no |
Determine result: EV - AC = Variance |
Determine no result: AC = EV No variance |