Calculate Progress

Calculate progress is a mean of calculating monetary value based on the progress entered so you can measure the project's health.

Earned value is calculated at the work package level in Cobra, and applied to all resource assignments in the work package.

Earned value for completed work packages is equal to the total budget for those work packages. For activities not yet started, the earned value is zero.

For work packages in progress, there are a number of progress techniques used to objectively measure earned value. The basic theory behind these progress techniques is to multiply the budget by a percentage complete to calculate the earned value. Earned value never exceeds the work package budget.

Similar to how Cobra supports multiple budgets, it can also support multiple earned value classes. This is useful, for example, when you are tracking professional services. For example, assume the following:

• You have budget using the billing rate and would like to use earned value to determine progress payments.
• You have budget using internal rates and would like to see the earned value based on the internal rates.

In this example, you would need two earned value classes to properly represent the earned value for both budgets.

Use the Calculate Progress wizard to calculate the earned value for a project or group of projects.