This feature provides two enhanced tracking views: “Effort tracking” and “Cost tracking”.
- EAC and ETC information is calculated for both views.
- Remaining Effort/Cost is synced to F&O as ETC forecast.
Configuration
This feature can be enabled from ‘Parameters > General > Projects360 parameters > Enable Enhanced Tracking View’.
- This enhanced Tracking view will replace the MS standard one when activated.
Effort Tracking
This view gives project managers a clear picture of EAC/ETC information for all the tasks of the project based on pure effort.
- “Effort tracking view” displays key information such as planned, actual and remaining effort as well as EAC and % Complete.
- “Effort remaining” and “% Complete” can be manually updated by the user anytime.
- View fields are listed below.
| Fields | Description |
| Project Task Name | Displays name from project or Task |
| Project group | Project group from project or task |
| Effort | Effort from task. This field is rolled up by parent task |
| Effort Remaining | Effort remaining from task. This field is rolled up by parent task. Editable at lowest level only |
| Actual Effort | Number of hours posted by task. This field is rolled up by parent task |
| Effort EAC | Effort EAC = Effort remaining + Actual effort Effort Estimate at Complete from task. This field is rolled up by parent task |
| Estimated % Complete (Effort) | % Complete = Actual Effort/ Effort EAC This field is editable allowing the user to enter a new value if needed. Effort remaining will be calculated when a new value is entered |
| Effort Variance | Effort Variance = Effort – Effort EAC This field is rolled up by parent task |
Cost Tracking
This view gives project managers a bigger understanding of the EAC/ETC project situation based on cost for both Labor and Expenses.
- “Cost tracking view” displays key information like planed, actual and remaining cost for both labor and expense in only one view.
- “Override cost rate” provides a way of manually overriding the cost for estimation purposes.
- View fields are listed below.
| Fields | Description |
| Project Task Name | Displays name from project or Task |
| Project group | Project group from project or task |
| Effort | Effort from task. This field is rolled up by parent task |
| Effort Remaining | Effort remaining from task. This field is rolled up by parent task. Editable at lowest level only |
| Average Cost Rate | It is the average price from all resources assigned to the Task |
| Override Cost Rate | This field allows to override the average cost If a value is entered/updated then “Cost Remaining”, “Cost EAC” and “Estimated % Complete” will be updated as well |
| Planned Labor Cost | Planned Labor Cost = Effort * Average Cost Rate This field is rolled up by parent task |
| Planned Expense Cost | Sum of all “Total Cost Price” from Expense Estimates related to the specific Task This field is rolled up by parent task |
| Planned Total Cost | Planned Total Cost = Planned Labor Cost + Planned Expense Cost This field is rolled up by parent task |
| Labor Cost Remaining | If there is “Override Cost Rate”: Cost Rem = Effort Remaining * Override Cost Rate If there is no “Override Cost Rate”: Cost Rem = Effort Remaining * Average Cost Rate This field is rolled up by parent task |
| Expense Cost Remaining | Expense Cost Remaining = Planned Expense Cost – Actual Expense Cost This field is rolled up by parent task |
| Total Cost Remaining | Total Cost Remaining = Expense Cost Remaining + Labor Cost Remaining This field is rolled up by parent task |
| Actual Effort | Number of hours posted by task. This field is rolled up by parent task |
| Actual Cost Rate | Actual Cost Rate = Actual Labor Cost / Actual effort |
| Actual Labor Cost | Actual cost rate from posted transactions |
| Actual Expense Cost | Sum of the “Amount” from Actual transactions where “Transaction type” is “Expense” and “Transaction Class” is “Cost” related to the specific Task |
| Actual Total Cost | Total Cost = Actual Labor Cost + Actual Expense Cost This field is rolled up by parent task |
| Cost EAC | Effort EAC = Total Cost Remaining + Actual cost |
| Estimated % Complete (Cost) | % Complete = Actual Total Cost/Cost EAC |
| Cost Variance | Cost Variance = Planned Total Cost – Cost EAC This field is rolled up by parent task |