| # Using monitoring Monitoring is used to: Build actual cost control Control inquiries and reports Measure performance Note Overhead costs are not included in the progress and monitoring process. 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, 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 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. Related topics To use the Progress and Monitoring Using control inquiries and reports |