Progress
The Progress menu provides the capability to progress projects by posting actuals and generating Earned Value. The actuals functionality includes the capture of Staging Actuals and the posting of those actuals to production. It also accommodates the establishment of Estimated Actuals. Once production actuals are calculated, Earned Value can be generated, and project progress understood.
Actuals
The Actuals screens are used to establish, view, and post actual line items within EcoSys Projects. Actual line items include date, quantity, hours, cost, and other specific details that vary by customer. Actual line items can be directly entered or imported. Once line items are reviewed, they may be posted to production.
Actual line items cannot be posted to a closed period in EcoSys Projects.
In addition to staging and production actual line items, the Actuals screens provides the ability to create and maintain Estimated Actuals. Estimated Actuals function similarly to accruals for Earned Value (EV) and Key Performance Indicator (KPI) calculations.
For example, at month end, a subcontractor provides a percent complete of 50% and has total cost to be invoiced of $100,000. However, this cost must be processed through the general ledger before it can be imported to EcoSys Projects. Using 50% as the EV but absent the $100,000 costs, calculating KPIs such as Cost Performance Indicator (CPI) will yield inaccurate results. A user may enter the $100,000 cost as an Estimated Cost, which will be included in the KPI calculations by EcoSys Projects.
Earned Value
The Earned Value screens are used to generate and analyze project specific performance data in EcoSys Projects. This includes establishment of a Progress Method for each Cost Control Level, then utilizing this progress method and applicable progress-method attributes to generate percent complete. Generation of the % Complete, Earned Hours, and Earned Cost is accomplished through use of this screens.
Productivity Analysis Dashboard
The Productivity Analysis Dashboard displays a variety of Earned Value costs and metrics. Charts portray Earned Value data in a graphical format. Drilldown functionality provides additional detail.