Clarity

  • 1.  Are the Actual Cost (ACWP), EAC fields new?

    Posted Dec 08, 2015 12:52 PM

    We're upgrading from 13.3 to 14.2 and those fields now appear in the Task Assignment options when they didn't before.  I can't find anything about them in the Release Notes.



  • 2.  Re: Are the Actual Cost (ACWP), EAC fields new?
    Best Answer

    Posted Dec 08, 2015 12:59 PM

    They are into Clarity for a while. Part of basic functionality. You could click 'Help' link on top-right corner and search ACWP and would find all information in your old and new environment.

     

    For easiness these are the details:

     

    Earned Value Metrics

    You can use the earned value (EV) fields to track work
    performance to account for cost and schedule variances. Baseline information is
    factored in to the calculations performed in earned value analysis. All earned
    value fields contain the fundamental calculations used for earned value analysis
    (EVA).

    The following EV values are calculated for every scheduled
    activity:

    BAC

    Displays the system-calculated value of Budget at
    Completion (BAC), which is the budgeted total cost at the time of the baseline.
    This value is calculated based on the following formula:

    BAC = ((Actuals + Remaining Work) x Billing Rate) taken at time of baseline 

    Current Baseline Required: Yes

    BCWS

    Displays the system-calculated value of Budgeted
    Cost of Work Scheduled (BCWS). BCWS is the budgeted amount to spend on the
    project in a given time period. If not specified, the date is either the current
    date for the project, or the system date. BCWS is also referred to as the
    planned value (PV).

    The BCWS is calculated based on the following
    formula:

    BCWS = Sum of BAC through a point in time 

    Current Baseline Required: Yes

    ACWP

    Displays the system-calculated value of Actual
    Cost of Work Performed (ACWP), which is the total
    direct cost incurred in performing work based on posted actuals. ACWP is calculated at the following levels:

    • Assignment. Actual cost is calculated as part of the
      posting process for actuals based on the financial cost matrix.
    • Detail-task. The calculation is based on the following
      formula:
      ACWP = Sum of Actual Cost for all the assignments on the task 
    • Summary-task. The calculation is based on the following
      formula:
      ACWP = Sum of ACWP for all detail tasks in project 
    • Project. The calculation is based on the following
      formula:
      ACWP = Sum of ACWP for all summary tasks in project 
    class="normaltermcontinued2"

    Current Baseline Required: Yes

    EAC

    Displays the aggregated total for the cost of all
    actuals over
    time.

    EAC (T)

    Displays the system-calculated value of Estimate
    At Completion (EAC). This calculation is most often used when current variances
    are seen as typical of future variances. The calculation is based on the
    following formula:

    EAC (T) = ACWP + ETC 

    Current Baseline Required: No

    EAC (AT)

    Displays the system-calculated value of estimate
    at completion (EAC). This calculation is most often used when current variances
    are seen as atypical. And the project management team expectations are that
    similar variances will not occur in the future. The calculation is based on the
    following formula:

    EAC (AT) = (ACWP + (BAC - BCWP)) 

    Current Baseline Required: Yes

    ETC (AT)

    Displays the system-calculated value of estimate
    at completion (ETC) using earned value data. This calculation is most often used
    when current variances are seen as atypical. And the project management team
    expectations are that similar variances will not occur in the future. The
    calculation is based on the following formula:

    ETC (AT) = BAC - BCWPc 

    Current Baseline Required: Yes

    ETC (Cost)

    Displays the system-calculated value of Estimate
    To Completion (ETC), and is calculated based on the following formula:

    ETC (Cost) = remaining labor cost + remaining non-labor cost 

    Current Baseline Required: No

    ETC (T)

    Displays the system-calculated value of estimate
    at completion (ETC) using earned value data. This calculation is most often used
    when current variances are seen as typical of future variances. This value is
    calculated based on the following formula:

    ETC (T) = (BAC - BCWPc)/CPIc 

    Current Baseline Required: Yes

    The following values are used together to determine if work is
    performed as planned. The most frequently employed measures are:

    CV

    Displays the system-calculated value of Cost
    Variance (CV). The CV is the value of what is accomplished to date as opposed to
    what is spent to date. The calculation is based on the following formula:

    CV = BCWP - ACWP 

    Current Baseline Required: Yes

    SV

    Displays the system-calculated value of Schedule
    Variance (SV). The SV is the value of what is scheduled to date as opposed to
    what is performed to date. A positive value indicates that the work is ahead of
    the baseline schedule. A negative value indicates that the work is behind the
    baseline schedule. The calculation is based on the following formula:

    SV = BCWP - BCWS 

    Current Baseline Required: Yes

    CPI

    Displays the system-calculated value of Cost
    Performance Index (CPI), which is an efficiency rating for work accomplished. A
    value equal to or greater than one indicates a favorable condition. A value less
    than one indicate an unfavorable condition. The calculation is based on the
    following formula:

    CPI = BCWP / ACWP 

    Current Baseline Required: Yes

    SPI

    Displays the system-calculated value of Schedule
    Performance Index (SPI), which is the ratio of work performed to work scheduled.
    A value less than one indicate the work is behind schedule. The calculation is
    based on the following formula:

    SPI = BCWP / BCWS 

    Current Baseline Required: Yes



  • 3.  Re: Are the Actual Cost (ACWP), EAC fields new?

    Posted Dec 08, 2015 02:05 PM

    They are not new. They have been there for a long time. There is a Tuesday's tip on them

    CA Clarity Tuesday Tip:  Earned Value Calculations