Predictability - EcoSys - 2.04 - Help - Hexagon PPM

EcoSys Portfolios Help (2.04)

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EcoSys
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EcoSys Standard Version
2.04

Predictability dashboard allows you to analyze project forecasts using predictability metrics. This functionality allows projects of different budgets and durations to be compared in terms of cost performance by normalizing the available project data. Based on this data, you can take key strategic decisions about individual projects.

View Predictability

This procedure allows you to view the overall predictability of the closed projects within the selected portfolio from a selected start period to selected end period.

  1. Navigate to Portfolios > Predictability.

  2. (Optional) At the top of the screen, in the green parameter bar:

    • Click the Portfolio ellipsis to select the required portfolio.

      If you do not select any portfolio, then all the closed projects in EcoSys appear.

    • Click the Start Period ellipsis to select the required start period.

    • Click the End  Period ellipsis to select the required end period.

  3. Click Refresh for screen update. The following fields are displayed on the screen:

    • Include in Chart: Select this check box to view the project in the Relative Predictability and Raw Forecasts charts.

      You can select Include in Chart check box and click the Save icon to include the project in the Relative Predictability and Raw Forecasts charts. To remove the project from the charts, clear the check box and click the Save icon.

    • Project ID: Displays the project ID.

    • Project Name: Displays the project name.

    • Project Status: Displays the project status.

    • Project Type: Displays the project type.

    • Project Manager: Displays the project manger's name.

    • Location: Displays the project location.

    • Current Forecast: Displays the current forecast.

    • Normalized Cost Timeliness (NCT): This displays the timeliness error between the forecasted error relative to final deviation at completion and incurred time relative to the actual completion time.

      The formula used to calculate NCT is: S i=0 to n-1 | (fi - Completion Cost) / (Baseline Cost - Completion Cost) | * (ti+1 - ti) / Duration).

    • Percent Cost Deviation (%CD): This displays the percentage of cost deviation at completion.

      The formula used to calculate %CD is: (Completion Cost - Baseline Cost) * 100 / Baseline Cost, where Baseline cost is the EAC value in the selected Start Date and Completion cost is the EAC value in the selected End Date.

    • Cost Predictability: Displays the cost predictability value of the project.

      The formula used to calculate Cost Predictability is: [NCT] * [%CP]

    • Duration: Displays the number of periods from the selected Start Period to selected End Period.

    • Baseline Cost: Displays the EAC value of the project in the selected Start Date.

    • Completion Cost: Displays the EAC value of the project in the selected End Date.

    • Portfolio: Displays the portfolio name.

To view the Current Forecast Summary, click the Current Forecast hyperlink.

View the Relative Predictability and Raw Forecasts

The closed projects that have Include in Chart check box selected are displayed in the relative predictability and raw forecasts chart.

The Relative Predictability chart displays the represents the forecast values against the percentage complete of the project.

A straight line graph is an ideal project. A graph in the shape of a hockey stick represents that the cost added or decreased in between is causing deviation in predictability.

The Raw Forecast chart displays the forecast value between the Start Date to End Date.