| # Using monitoring Monitoring is concerned with: Building actual cost control Controlling inquiries and reports Measuring 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 still needs to 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 old baseline and old version if available. You can generate, display and print the performance measurement. Related topics To use the Progress and Monitoring Using control inquiries and reports |