Using Project Monitoring

Project monitoring is used to:

  • Build actual cost control (Amounts are aggregated on various levels as defined in the Project.)
  • Control project progress and generate reports
  • Measure the project performance
Note:  The Overhead costs are not included in the progress and only limited as part of the monitoring process of a project.

Build actual cost control

You can build the actual cost control data for a range of projects and use this data for project monitoring. Infor LN populates this data in the monitoring tables:

  • Budget
  • Budget Adjustments
  • Budget extensions
  • Unit Cost
  • Revenues
  • Commitments
  • Actual progress
  • Forecast

The generated data can be used for all project control inquiries and project monitoring reports.

Note: 
  • 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 based on the project progress.

Control inquiries and reports

You can monitor the projects at any time during the project execution.

Performance measurement

You can measure the performance of a time-phased project (amount of work accomplished for a project). This allows you to compare the amount of work actually completed against the amount of work that must be completed.

Performance measurement is determined based on:

  • Planned value (PV)
  • Earned value (EV)
  • Actual costs (AC)
  • Budgeted costs at completion (BAC)
  • Estimated costs at completion (EAC)
  • Schedule variance (PV-AC)
  • Cost variance (EV-AC)

Four levels of measurement are available:

  • Activity
  • Activity/cost type
  • Organization Breakdown Structure (OBS)
  • OBS/cost type
Note: 

You can measure the performance of the project based on OBS or OBS/cost type only if the Use OBS check box is selected in the Project (tppdm6600m400)session.

You can also generate performance measurement against the previous baseline and version, if available. You can generate, display, and print the performance measurement data.

This functionality includes scheduling sessions that use derived financial planning data to display the analytical information on liquidity and performance measurement. You can use:

  • The Display Financial Analysis (tppss0701m000) session to compare the budgeted costs, actual costs, and revenues with the activity budget.
  • The Performance Measurement using EVM (tppss0702m000) session to display a performance measurement graph that uses the information generated in the time phased budget and the Performance Measurement Activity (tpppc5540m000) session.