Cost Control Features in Open Plan
Open Plan allows you to capture all of the elements of cost and schedule required by a typical earned value cost control system.
These elements include:
- Budgeted costs: Open Plan allows you to enter and store time-phased budgets by any or all of the four categories
- Actual costs: When entering resource progress, you can enter actual costs both as quantities of resource units and as costs. You can also enter actual cost directly against an activity if you do not track actuals back to the resource.
- Baseline dates: You can store either early, late, or scheduled dates for activities in a project baseline. You can also create multiple baselines for a project to allow you to base earned value calculations on different stages of project development.
- Physical percent complete: When entering information about the progress of an activity, you can enter a separate estimate for the physical completion of the activity.