Execute Calculate Value
Explanation
Use this activity to calculate the cost and revenue values based on your
Schedule of Work Estimate items, and view the result in the Schedule
of Work Value Summary page.
The Schedule of Work Value Summary page can be
used to analyze the estimate from four different perspectives:
- Summary by Cost Element visualizes the calculated
cost and revenue values for each Cost/Revenue element used in your
estimate.
- Summary by CBS analyzes the calculated cost and
revenue values for each CBS Node.
- Summary by WBS navigates to the Schedule
of Work Estimate WBS Summary page to visualize the
calculated cost, revenue, margin, and margin percentage values for each
sub project and activity.
- Summary by QBS navigates to the Schedule
of Work Estimate QBS Summary page to visualize the
calculated cost, revenue, margin, and margin percentage values for each
QBS Node. The calculated Total Cost distribution per user-defined cost
type buckets can also be visualized on this page.
When cost types are enabled in the Schedule of Work Cost
Types page and Cost Element – Cost Type Mapping
is defined for the respective cost types, it is possible to visualize the
calculated Total Cost distribution per user-defined cost type buckets in the
Connected Sub Projects tab in the Schedule of
Work Estimate WBS Summary page.
The Connected Items tab in the Schedule of Work Estimate QBS
Summary and Schedule of Work Estimate WBS Summary
pages can be used to drill down to see cost and revenue value calculation
details for each Schedule of Work item. The Details
command in the Value Summary by CBS and Value
Summary by Cost Elements pages provides the same
visualization.
Prerequisites
- Schedule of Work Estimate should be created with Cost and Revenue
elements
- Schedule of Work Validation should have be performed without any
errors.
- Relevant Cost Types must have been enabled in Schedule
of Work Cost Types page.
- The Cost Element – Cost Type Mapping must have been defined for
enabled Cost Types.
System Effects
The defined cost/ revenue sub project and activities are prioritized when
executing the calculation based on the following order:
- Detail Level.
- Item Level.
- Default Sub Project and Default Activity values (on the Schedule of
Work Details section in the header)
- Estimated cost and revenue values will be ready to be reviewed at
the Project level, Sub Project level, or Activity level based on your
Schedule of Work.
- Based on your selected Cost Element - Cost Type Mapping,
you will be able to see the Total Cost distribution to each enabled Cost
Type in the Schedule of Work Summary pages.