Establish VOWD Progress Methods - EcoSys - 3.02 - Help - Hexagon PPM

EcoSys Contracts Help (3.02)

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EcoSys
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EcoSys Standard Version
3.02

Progress methods define how the % Complete, Earned Hours, and Earned Cost will be calculated. They must be established for any WBS with associated budget line items or production actuals. They can only be established for a WBS element with an assigned Cost Control Level. To calculate Earned Value, a subset of progress methods (Physical % Complete, Weighted Quantity, Weighted Milestones, Apportioned Effort, and Physical % Complete) require additional set up before Earned Value is calculated.

Progress methods may be manually in the Contract Line Progress spreadsheet. If the Progress Method is "Physical % Complete", the Physical % Complete cell will become unprotected and available for editing as indicated by the yellow fill. Preview % Complete will be displayed for all progress methods. This field is calculated when the screen is refreshed, and may be used to understand the percent complete that will be generated when the Generate VOWD action is run.

  1. Navigate to Progress > Contract Value of Work Done.

  2. At the top of the screen, in the green parameter bar, click the Contract and Contract Period ellipsis to select the required contract and period.

  3. Click Refresh for screen update.

  4. Click the Contract Progress tab.

  5. Click the Progress Method ellipsis to select progress method. The available progress methods are listed below.

    • Actual Cost

    • Actual Hours

    • Weighted Milestones

    • Physical % Complete

    • Installed Quantities

  6. Click the Save icon.