Labor Plan EVT Charts

The Labor Plan EVT Charts report displays earned value amounts for the plan you select. "EVT" in the report title stands for "earned value tracking."

Earned Value Formulas

Vision calculates the earned value amounts based on a formula that you select:

• Earned value percent * Planned amount

• Earned value percent * Compensation amount

• Earned value percent * Baseline amount

• Earned value percent * Estimate-at-completion (EAC) amount

When it calculates a plan's hours, cost amounts, or billing amounts, Vision takes into consideration the company's non-work days specified on the Holiday Configuration form (Configuration > General > Holiday Calendar).

Match JTD Option

This report is affected by the Match JTD option, which you set on the Project Planning form.

For any plan that is mapped to a project, use the Match JTD option on the Default WBS Mapping dialog box in Planning to specify the level of matching between job-to-date information and work breakdown structure (WBS) levels. (To display that dialog box, click Default WBS Mapping on the Options menu on the Project Planning form.) When you select that option for a level, all subsequent levels are automatically selected. When a level is not selected, Vision calculates the job-to-date value as the sum of values from lower levels.

For example, suppose you have two plans, both of which are mapped to the same project. However, plan 1 is mapped to phase A of that project and plan 2 is mapped to phase B. If you select Match JTD for the phase level, Vision accumulates actual values at the phase level, rather than at the project level. As a result, the job-to-date values are accurate for each of the plans. If you do not select Match JTD for the phase level, Vision accumulates job-to-date values at the project level. In that case, job-to-date values for plan 1 could incorrectly include actual activity for phase B, and those for plan 2 could incorrectly include actual activity for phase A.

ACWP, BCWP, and BCWS

The Labor Plan EVT Charts report uses the following acronyms:

• ACWP — Actual Cost of Work Performed. The actual cost of work performed is the job-to-date cost or hours. On this report, it is a combination of the actual job-to-date amounts for periods before the date you specify on the Date Basis tab of the Options dialog box, and the estimate-to-completion amounts for periods after that date.

• BCWP — Budgeted Cost of Work Performed. The budgeted cost of work performed is the earned value.

• BCWS — Budgeted Cost of Work Scheduled. The budgeted cost of work scheduled is the planned amount or baseline amount.

Select the Print Acronym Definitions Once Per Report option on the General tab to include these definitions on the first page of the report.

Access to Labor Cost Information

The Labor Cost Rates/Amounts option on the Accounting tab of the Roles form (Configuration > Security > Roles) determines your access to actual labor cost rates and amounts when you preview or print Planning reports. In some cases, it also determines your access to planned labor costs.

Non-Work Days

When it prorates values and calculates standard hours, Vision takes into consideration the non-work days specified on the Holiday Configuration form for the company that was active when the plan was created.

If hours or amounts are posted to a span of non-work days or holidays and those non-work days fall completely within the start and end dates of a period column on the report, they are included on the report for that period. If the non-work days do not completely fall within a period column on the report (for example, if they fall within more than one report period), the proration process may exclude them from the report.