Progress - EcoSys - 4.03 - Help - Hexagon

EcoSys Contracts Help (4.03)

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EcoSys
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EcoSys Standard Version
4.03

The Progress menu provides the capability to progress Contracts by posting Actuals and generating Contract Value of Work Done (VOWD). The Actuals functionality includes the capture of Staging Actuals and the posting of those actuals to production. Once production actuals have been calculated, VOWD can be generated and Contract progress understood.

Progress Menu_4.01

Actuals

The Actuals module is used to establish, view, and post actual line items within EcoSys. Actual line items include date, quantity, hours, cost, contract line item, and other details that vary by organization. Actual line items can be directly entered or imported by a user to a Staging data set. Once line items are reviewed by a user, they may be posted to the Production data set.

The out-of-the-box Actuals functionality is only available if the EcoSys Projects is also implemented, as Actuals are imported by Project. Contract-related attributes are used to associate Actuals line items with Contracts.

Contract Value of Work Done

The Contract Value of Work Done (VOWD) module is used to generate and analyze project specific performance data in EcoSys. This includes establishment of a Progress Method for each Contract Line, then utilizing this progress method and applicable progress-method attributes to generate percent complete. Generation of the % Complete, Earned Hours, and Earned Cost can be accomplished using this module.