MPM's calendar window is a visual tool for specifying fiscal synchronization, nonworking days (holidays), and equivalent person month hours for a global set. Using the Calendar window, you can view and edit an existing calendar, or establish a new calendar. Before defining a calendar, you must create the global set to which it will be assigned.
For most project operations, MPM requires an accounting calendar. If you do not require customized fiscal months, your calendar can be the same as the standard calendar.
The fiscal calendar is used to synchronize calendar month planning to fiscal (accounting) months. Synchronizing fiscal months:
Provides consistency of budget vs. actual cost comparisons. Budgets are planned for the same time period that actual costs are accumulated.
Normalizes timephased estimate (budget) data to your fiscal months when automatic estimating and distribution features are used.
Starting days for fiscal months are marked with red boxes on the calendar.
You can specify the actual number of working hours available in each fiscal month using the Equivalent Person Month Hours grid. Fill Right and Fill Down commands speed data entry in the grid.
MPM provides for a fiscal month planning and cost collection cycle. This does not preclude detail planning, project statusing, or actual cost accumulation from occurring on a day-to-day basis or as frequently as desired.