Earned Value and Progress   

Earned value and the measurement of progress are fundamental parts of project management. Both are closely linked key concepts for following up on project performance and performing project analysis. Earned value is often referred to as the Budgeted Cost of Work Performed (BCWP). IFS Applications has advanced functionality for measuring key factors used to manage projects, which includes tracking progress, calculating earned value and providing data needed for analyzing project performance.

This document describes how earned value and progress works in IFS/Project Management and is divided into the following sections:

Earned Value and Progress Parameters in IFS/Project Management

• Earned Value Method
• Planned Cost Driver
• Progress Method

Earned Value and Progress on different levels in IFS/Project Management

• Progress per cost element per object, and progress per object
• Progress per cost element per activity, and activity calculated progress
    - Top-Down progress methods
    - Bottom-Up progress methods
• Progress per cost element per sub project, and sub project progress
• Progress per cost element per project, and project progress

Progress Methods

Duration, Template, Manual, Consumption Based, Tasks, Connected Objects - Earned value and progress per object

Related Information

• For general information on activities and statuses, refer About Activities.
• For information on the different objects that can be connected to an activity, refer About Activity Connections.
• For information and examples on how these connected objects report cost, hours and revenue to the activity, refer About Cost, Hours and Revenue Reported to Activity.
   

Earned Value and Progress Parameters in IFS/Project Management

It is possible to configure how earned value and progress is reported in IFS/Project Management based on three parameters: Earned Value Method, Planned Cost Driver and the Progress Method. The values of these parameters should be selected with care, so that the earned value and progress reflect the work achieved in the best possible way. All progress methods can be used in combination with all the planned cost drivers and earned value methods.

Earned Value Method

The earned value method determines if the earned value is calculated based on baseline values or planned values. This parameter is set for each project as:

• Planned, which means Earned Value = Progress * Planned Values
• Baseline, which means Earned Value = Progress * Baseline Values

All projects have the earned value method as Planned until a baseline is created, after which it can be changed each time a baseline is created for the project. Taking a new baseline will result in the re-calculation of earned value throughout the project.

Planned Cost Driver

The Planned Cost Driver determines from where the planned cost and hours values are retrieved. The parameter is selected per activity as one of the following:

• Connected Objects - The planned cost and hours of the activity are retrieved from the objects that are connected to the activity, excluding values from estimates.
• Activity Resources - The planned cost and hours of the activity are retrieved only from the resources allocated to the activity.
• Estimated Cost - The planned cost and hours of the activity are retrieved only from the estimates entered on the activity.
• Exclude Activity Resources - The planned cost and hours of the activity are retrieved from the connected objects, excluding the cost and hours from the resources.

Since earned value is calculated based on the planned cost, the value of the planned cost driver will affect the earned value and progress values.

Example: An activity has a document package connected with 20 planned hours. In order to complete the work of the document package, a resource has been allocated with 25 planned hours. When determining the planned cost and hours it may not be correct to use the planned values from both the document package and the resource. By selecting the appropriate planned cost driver, you can decide whether the planned cost is driven by the resources or by the connected objects. If you select resources, the planned cost will be 25 hours, while selecting connected objects, will result with a planned cost of 45 hours. If you select to exclude the activity resources, the planned cost will be 20 hours. In this case it is better to select the planned cost driver as Activity Resources. If the planned cost driver is set to Estimated Cost, then the planned values are retrieved from values entered on the Project Navigator/Activity/Estimate tab.

Progress Methods

In IFS/Project Management you can select one progress method for each activity. The progress method determines how progress is calculated, which gives you the possibility to select a progress method that best reflects the work done in each activity.

There are two types of progress methods, which are referred to as Top-Down and Bottom-Up in this document. Top-Down means that the progress is calculated or assigned on the activity level and then applied to the individual cost element lines of the activity. Bottom-Up means that the progress is calculated or assigned on the cost element level of the object or of the activity, and then used in the calculation of the activity progress.

The parameter is selected per activity as one of the following:

• Duration - progress values are based on the elapsed days of the activity. (Top-Down)
• Template Progress - progress values are entered manually by using progress templates. (Top-Down)
• Manual - progress values are entered manually on different levels of the activity. (Top-Down or Bottom-Up)
• Consumption Based - progress values are based on the Used/Actual values of the connected object. (Bottom-Up)
• Tasks - progress values are based on the manually entered progress of the tasks connected to the activity. (Bottom-Up or Top-Down)
• Connected Objects - progress values are based on the progress or earned value of the connected object. (Bottom-Up)

The different methods are explained in detail in the Progress Methods section below.

Example: If you have a list of tasks where you report progress manually when certain things have been completed in your activity, e.g. if the arrival of purchased material is a task, it will be incorrect to have progress reported from both the task and the connected purchase order. Therefore it is more suitable to select Tasks as the progress method.
 

Earned Value and Progress on different levels in IFS/Project Management

This section is a general description of how progress is calculated and displayed for different levels in the application; e.g. per object, cost element, activity, sub project and project.

Progress for each Cost Element per Object, and Progress for each Object

Connected objects, such as shop orders, purchase orders, tasks etc., reports planned values per cost element to the activity (when the planned cost driver is Connected Objects). When the object is executed according to its business flow (receiving the ordered material, reporting time on operations etc), it will gain progress.

When the progress method is selected as Connected Objects or Tasks:

• Cost element progress: The progress and earned value per cost element for each object will be displayed on the Connections tab (and be used in the progress calculation of the activity). Some objects report the progress value back to the activity, while some report the earned value, refer the section on Earned Value and Progress per Object below.
• Object progress: The object progress is displayed in the Connections tab and is calculated as:
  • Object Cost Progress = Sum of Earned Value Cost for all cost elements / Sum of Planned (or Baseline) Cost for all cost elements
  • Object Hours Progress = Sum of Earned Value Hours for all cost elements / Sum of Planned (or Baseline) Hours for all cost elements

For other progress methods, the progress of the objects is not taken into consideration when deriving the activity progress, and the object progress is not displayed in the Connections tab.

Progress per Cost Element per Activity, and Activity Calculated Progress

Released activities have different ways of receiving progress values, depending on the type of the selected progress method. For more details on the individual progress methods, refer the Progress Methods section below.

Top-Down Progress Methods

If the progress method is Duration, Template Progress, Tasks (of type Top-Down) or Manual (of type Top-Down):

• Activity progress: the calculated cost progress and calculated hours progress values on the activity level are assigned according to the selected progress method.
• Cost element progress: the cost progress value of the cost element is taken from the Calculated Cost Progress field of the activity, and the hours progress value of the cost element is taken from the Calculated Hours Progress field of the activity. The progress values are used to calculate the earned value for each cost element line.
• The progress of the connected objects is ignored.

Bottom-Up Progress Methods

If the progress method is Consumption Based, Connected Objects, Tasks (of type Bottom-Up) or Manual (of type Bottom-Up):

• Cost element progress: The cost progress and hours progress values on the cost element level are assigned according to the selected progress method. If the progress method is selected as Connected Objects, for those object types which report progress to the activity, the earned value is calculated for the cost element level, and vice versa.
• Activity progress: The calculated cost progress and calculated hours progress values of the activity is calculated as:
  • Calculated Cost Progress = Sum of Earned Value Cost for all cost elements / Sum of Planned (or Baseline) Cost for all cost elements
  • Calculated Hours Progress = Sum of Earned Value Hours for all cost elements / Sum of Planned (or Baseline) Hours for all cost elements

Progress per Cost Element per Sub Project, and Sub Project Progress

• Cost element progress: The cost progress and hours progress values on the cost element level are calculated as:
• Cost Progress= Sum of Earned Value Cost for the cost element for all underlying activities / Sum of Planned (or Baseline) Cost for the cost elements for all underlying activities
• Hours Progress = Sum of Earned Value Hours for the cost elements for all underlying activities / Sum of Planned (or Baseline) Hours for the cost elements for all underlying activities
• Sub project progress: The weighted average cost development and weighted average hours development values on the sub project level are calculated as:
  • Weighted Average Development Cost progress= Sum of Earned Value Cost for all cost elements for all underlying activities / Sum of Planned (or Baseline) Cost for all cost elements for all underlying activities
  • Weighted Average Development Hours progress = Sum of Earned Value Hours for all cost elements for all underlying activities / Sum of Planned (or Baseline) Hours for all cost elements for all underlying activities

Note: It is possible to manually exclude activities from the progress calculation, by selecting the Exclude from WAD check box on the activity.

Progress per Cost Element per Project, and Project Progress

Cost element progress (cost progress and hours progress) values and project progress (weighted average cost development and weighted average hours development) values are derived in exactly the same way as on the sub project level for all activities in the whole project.

Note: It is possible to manually exclude sub projects or individual activities from the progress calculation, by selecting the Exclude from WAD check box on the sub project or activity.
 

Progress Methods

A detailed description of the progress methods that can be selected on activity level is given below.

Note: It is possible to close activities without reaching 100% progress.

Duration Progress

The values for the Calculated Cost Progress and the Calculated Hours Progress fields on activity level are calculated by dividing the Elapsed Work Days by the Total Work Days of the activity and taking the percentage value of the result. If the system date is after the early finish the progress is 100%, and if the system date is before the early start the progress is 0%. The duration progress will be updated only after the activity is released. Progress from the connected objects is not taken into account.  The activity progress is then applied to the cost element line level of the activity (Top-Down) and used in the calculation of earned value for each cost element.

Template Progress

A Progress Template can be selected for the activity on the Project Navigator/Activity/Details tab. Then the progress of the activity is reported by manually selecting the relevant progress template step. This progress is directly copied to both the Calculated Cost Progress and Calculated Hours Progress fields of the activity. Progress from the connected objects is not taken into account. The activity progress is then applied to the cost element line level of the activity (Top-Down) and used in the calculation of earned value for each cost element line.

Manual

The values in the Calculated Cost Progress and Calculated Hours Progress fields are based on manually entered progress values. Progress from the connected objects is not taken into account.

Manual Progress can be entered in four levels. The required fields are enabled (on the Project Navigator/Activity/Details tab or on the cost element line) depending on the value selected for the Level of Entry field. Values for Level of Entry are as follows:

• Activity
• Activity - Cost and Hours
• Cost Element
• Cost Element - Cost and Hours

When the Level of Entry is set to Activity, it is possible to manually enter a value in the Activity Progress field. This value is directly copied to both the Calculated Cost Progress and Calculated Hours Progress fields for the activity. The activity progress is then applied to the cost element line level of the activity (Top-Down) and used in the calculation of earned value for each cost element line.

When the Level of Entry is set to Activity - Cost and Hours, it is possible to manually enter different values for the cost progress and hours progress in the Activity Cost Progress and the Activity Hours Progress fields. These values are directly copied to the Calculated Cost Progress field respectively the Calculated Hours Progress field for the activity. The activity cost and hours progress values are then applied to the cost element line level separately for cost and hours of the activity (Top-Down) and used in the calculation of earned value for each cost element line.

When the Level of Entry is set to Cost Element, it is possible to manually enter one progress value per cost element line which will be used for both cost and hours progress. Progress values entered on one tab will be automatically copied to the corresponding cost element line on the other tab. The progress entered is used to calculate the earned value for the cost element line. The calculated cost progress and calculated hours progress values for the activity are calculated (Bottom-Up) by taking the total earned value for all the cost elements and dividing it by total Planned or Baseline values.

When the Level of Entry is set to Cost Element - Cost and Hours, it is possible to manually enter different values for cost and hours progress for the individual cost elements. The entered progress is used to calculate the earned value for the cost element line. The calculated cost progress and calculated hours progress values for the activity are calculated (Bottom-Up) by taking the total earned value for all the cost elements and dividing it by total planned or baseline values.

Consumption Based Progress

The consumption based progress is calculated on the activity level for each cost element. The values in the Calculated Cost Progress and Calculated Hours Progress fields are based on the Used Cost and Used/Actual Hours reported from the connected objects. Progress from the connected objects is not taken into account. For information on when different objects report used cost and used/actual hours, refer the About Cost, Hours and Revenue reported to Activity.

Cost Progress per cost element is equal to the Used Cost divided by the Planned (or Baseline) Cost for a cost element. This progress value is used to calculated the earned value per cost element, as Earned Value = Progress * Planned (or Baseline). Hours progress and earned value per cost element is calculated in the same way.

Activity calculated cost/ hours progress is calculated as the sum of earned value divided by the sum of planned (or baseline) cost/hours for the activity (Bottom-Up).

Tasks

The progress method Tasks for an activity can be either of type top down or of type bottom up. If no project cost elements are entered on any of the tasks connected to the activity the progress will be calculated as type top down. If cost elements are entered on at least one task connected to the activity the activity progress will be calculated as bottom up.

Top down: When none of the tasks have cost element and planned values, the activity cost progress is calculated top down as follows:

The values in the Calculated Cost Progress and Calculated Hours Progress fields are based on the planned and progress values of the connected tasks which have been manually entered. Progress from any other type of connected object is not taken into account:

• Calculated Cost Progress = Sum of Progress of all the tasks / Number of tasks

This progress is then applied to all cost element lines (Top-Down), to calculate the earned value per cost element, as Earned Value = Progress * Planned (or Baseline).

Here is an example to illustrate how activity progress is calculated when all tasks are not connected to cost elements and doesn’t have planned values:

So, in this example the calculated cost progress is 32.5% and calculated hours progress is 32.5%. These progress values are then applied to each cost element line on the Cost and Hours tab respectively (Top-Down).

Bottom up: When all tasks have cost element and planned values, the activity cost progress is derived from the progress of all the tasks per cost element and weighted according to their planned cost/hours:

• Calculated Cost Progress = Sum of (Progress of task y against cost element v * Planned cost of task y) / Sum of Planned Cost for all tasks against cost element v

Note: In a situation where some tasks have a negative value for planned cost, due to adjustments made to the plan, the total planned cost of all the tasks can result with zero or a negative value. In these cases the activity cost progress will be calculated using the above formula.

If only some tasks do not have planned values, the maximum contribution to progress from each task against this cost element is equal to 100% divided by the total number of tasks against this cost element. The tasks with planned values for this cost element share the remaining portion and are weighted according to their planned cost/hours:

A = 100%/ Number of tasks against the cost element v
B = (Number of tasks against cost element v - Number of tasks without Planned Cost against the cost element v) / Number of tasks against the cost element v *100%

1. For task w against the cost element v (without Planned Cost): Progress = A * Task w's Progress on the task line. Repeat for all w.
2. For task z against cost element v (with Planned Cost): Progress = B * Task z's Planned Cost/ Total Planned Cost against cost element v * Task Progress on the task line. Repeat for all z.
3. Calculated Cost Progress = Sum the progress for all w and z.

Calculated hours progress is derived in the same way.

The progress per cost element is then applied against the planned or baseline value for this cost element on the activity to calculate the earned value per cost element, as Earned Value = Progress * Planned (or Baseline). The progress of the activity is then calculated bottom up as:

• Calculated Cost Progress = Sum of Earned Value Cost for all cost elements  / Sum of Planned (or Baseline) Cost for all cost elements
• Calculated Hours Progress = Sum of Earned Value Hours for all cost elements  / Sum of Planned (or Baseline) Hours for all cost elements

Note: When cost elements are entered on at least one task connected to the activity the tasks without cost elements will in this case be ignored in the calculation of progress.

Here is an example to illustrate how activity progress is calculated when all tasks do not have planned values:

So, in this example the calculated cost progress for cost element L01 is 44.44 + 6.67 + 6.67 = 57.78 % and calculated hours progress for cost element L01 is 55.56 + 2.22 + 10 = 67.78 %. These progress values are then applied to the cost element L01 on the Cost and Hours tab. For the cost element P01 the calculated cost progress is 5 % and the calculated hours progress is 6.25 %.

Connected Objects

The values in the Calculated Cost Progress and Calculated Hours Progress fields are based on the progress and earned value of the connected objects. As the objects progress (receiving ordered material, reporting operations, entering manual progress etc), they contribute to the activity progress. Planned cost/hours are retrieved according to the planned cost driver. Earned value is calculated as Progress * Planned (or Baseline) values.

Activity calculated cost/hours progress is calculated as the sum of earned value divided by the sum of planned (or baseline) cost/hours for the activity (Bottom-Up). Using planned or baseline values when calculating the earned value is defined by the earned value method set on the project.

For this progress method, the following cost reporting object types report their progress or earned value to the activity:

• Project Task
• Work Order
• Document Package
• Design Object
• Change Order (Engineering Change Order)
• Project Miscellaneous Demand
      for Supply Options Purchase, Shop Order or DOP and
      for Direct Issue from Inventory
• Requirement Activity (Project Delivery)
• Customer Order Line
• Activity Resources
  Note: When the planned cost driver is Activity Resources and progress method is Connected Objects it is possible to exclude progress reported by Activity Resource objects, by selecting the Exclude Activity Resource Progress check box. This is important when planning is done on one object (e.g. Resource Group), but the reporting is done on another object (e.g. Task) to avoid counting the progress twice.
• Project Inventory Transfer
• Shop Order (created from PMRP or Forecast Demand)
• Purchase Order Line Part (or No Part) (created from PMRP or Forecast Demand)
• Compatible Unit Execution Item
• Sub Contract Project

The following cost reporting object types do not have any impact on activity progress or earned value:

• Activity Estimate
• Purchase Requisition Line Part (or No Part)
• Material Requisition Line
• Shop Order Requisition
• Project Transaction
• Voucher Row
• General Ledger Voucher Row
• Project Miscellaneous Demand for Supply Option PMRP
• Purchase Order Line Part (or No Part) (Manually connected or created from misc. demand)
• Shop Order (Manually connected or created from misc. demand)
• DOP Header
• Forecast Demand
• Purchase Order Change Order Part (or No Part)
• Compatible Unit Procurement Activity

Note: Revenue reporting objects does not report progress or earned value.

When using the connected objects progress method in combination with the different planned cost drivers, the planned values and earned value are retrieved as:

Activity Progress is calculated as Earned Value/Planned Value.

Earned Value and Progress per Object

When the progress method is Connected Objects, the calculation of earned value and progress per progress reporting object is done as follows:

• Task

Progress is entered manually for each project task.

• If a progress template is connected to the task, report progress by selecting the relevant progress template step. The Progress field is automatically updated with the progress value that was defined for this progress template step.
• You can also select the Completed check box to set the task to 100 % completed directly. It will override the progress associated with the selected Progress Template Step, if any.

• Work Order

Earned value and progress from a work order is reported from resources (persons and tools/equipment), material requisitions and the purchase flow (purchase requisition created from a WO). For the purchase flow the planned values are saved on the purchase requisition line and inherited to the purchase order line.

• Progress is calculated:
  For Resources, as reported hours/planned hours.
  For Material Requisitions, as issued qty/planned qty.
  For purchase flow, as Received quantity/Required quantity.
  Earned Value is calculated as progress * Planned or Baseline cost or hours per line and summed up per cost element.
• Reports earned value to the activity.

Note: If the work order derives from a compatible unit, then the work order object will not report any planned values, progress or earned value.
 

• Compatible Unit Execution Item

• Progress is taken from the Work Progress (%) field in the work order connected to the compatible unit execution item. Earned value is calculated as Progress * Planned/Baseline cost/hours per Cost Element.
  (The work order object does not report any planned values, progress or earned value to the activity).
• For the purchase flow, progress and earned value is reported from the purchase order.

• Document Package

• Progress is saved on the document package line. The progress is taken from Milestone Template/Milestone Number. Earned value is calculated as Progress * Planned/Baseline cost/hours per line and summed up per cost element.

• Design Object

• Progress is saved on design object manually. Earned value is calculated as Progress * Planned/Baseline cost/hours per cost element.

• Change Order (Engineering Change Order)

• Progress is saved on each change order action line. Earned value is calculated as Progress * Planned/Baseline cost/hours per line and summed up on each cost element.

• Project Miscellaneous Demand - Supply Option Purchase, or Direct Issue

• Progress is calculated as Received quantity/Required quantity or by using milestones on the purchase order line.
• Progress is reported from Purchase Orders to the Misc Demand object which reports it to the activity.
• For direct issue from inventory, progress is calculated as issued quantity/required quantity.

• Project Miscellaneous Demand (Rental) - Supply Option Purchase, or Rental Internal Charging (Standard Planned Item)

• Progress for rental parts is calculated as the number of actual/planned item days (chargeable days * quantity). The chargeable days and quantity of any rental transactions generated for the line (actual value) will be compared to the planned chargeable days and quantity of the line.

• Project Miscellaneous Demand - Supply Option Shop Order

• Progress is calculated for each operation and material line. For operations it is calculated as reported hours/planned hours or quantity complete. For material it is calculated as issued quantity/planned quantity.
• Earned value is reported from the shop orders to the misc. demand object which reports it to the activity.

• Project Miscellaneous Demand - Supply Option DOP

• Progress or earned value is calculated for each connected object (SO/PO). Earned value will be calculated for each object and summed up on each DOP header and saved on the misc. demand line.
• Earned value is reported from the DOP header to the misc. demand object which reports it to the activity.

• Requirement Activity (Project Delivery)

• For SO, PO, DOP supply option: Earned value is calculated for each connected object (SO/PO/DOP) and summed up at requirement activity level. Progress will be calculated based on the earned value and they are mapped to the relevant cost elements.

Requirement Activity progress = sum Earned Value/sum Planned or Baseline value.

• For supply option PMRP: progress is calculated for each connected object (SO/PO/MTR). Since there is no direct connection between the PMRP demands and the connected objects, each object will report earned value. The earned value will be summed up on activity level and the progress will be calculated there.

Earned value for Project Delivery PMRP demands behave in the same way as purchase orders and shop orders created from miscellaneous demands with the PMRP supply option.

• Customer Order Line

• Progress is calculated for each connected object (through the selected supply option) as delivered quantity divided by planned quantity. Earned value will be calculated as Progress * Planned or Baseline values for each object and summed up per cost elements. Sales overheads will be reported when the CO-line is delivered.

• Activity Resources

• Progress is retrieved either from the Progress field on the activity resource line or calculated based on the Reported Hours field (hours reported from Project Transactions). Earned value will be calculated for each line as Progress * Planned or Baseline values.
• The Exclude Activity Resource Progress check box can be selected to disregard the progress reported on activity resource line from the overall progress calculation.

• Project Inventory Transfer

• Earned value is the same as the used cost on the transaction. It is possible to select if the inventory transaction should report earned value to the activity or not.

• Shop Order or Purchase Order Line Part (or No Part) created from Project MRP

• Earned value is reported from each supply object (SO/PO/MTR). Since there is no direct connection between the PMRP demands and the supply objects, the supply objects will report earned value. The earned value will be summed up on activity level to calculate the activity progress.

• Shop Order or Purchase Order Line Part (or No Part) created from Project Master Scheduling

• Earned value is reported from each supply object (SO/PO/MTR). Since there is no direct connection between the forecast demands and the supply objects each supply object will report earned value. The earned value will be summed up on activity level to calculate the activity progress.

• Sub Contract Project

• Progress of a sub contract which is calculated per activity and per currency is done as follows:

    Sub Contract Progress = Sum of application total value per activity per currency/ sum of planned value per activity per currency

    or,

    Sub Contract Progress = Sum of certified total value per activity per currency / sum of planned value per activity pre currency

 

    This calculated progress is saved on each sub contract connection per activity and per currency. Earned value is calculated as follows and summed up for each cost element.

 

    Earned Value = Progress * Planned or Baseline cost per line

 

 

Valuation 1 - Change the status to Application received:

Item	Currency	Activity	Contract Value	Application total value
Item 1	USD	A1	1000	100
Item 2	USD	A1	1000	500
Item 3	USD	A2	1000	400
Item 4	GBP	A1	1000	100

Contract summary by activity and currency:

Contract	Activity	Currency	Planned cost	Earned Value (Received or certified in item currency)	Calculated Progress (Earned Value / Planned Cost)
C1	A1	USD	2000	600	30.00%
C1	A1	GBP	1000	100	10.00%
C1	A2	USD	1000	400	40.00%

 

Project connection details after receiving application on valuation 1:

Project Connection  for Activity A1 & Currency USD
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	2000	600	30%
Project Connection for Activity A1 & Currency GBP
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	1000 x R1	100 x R1	10%
Project Connection for Activity A2 & Currency USD
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	1000	400	40%

 

 

Valuation 1 - Change the status to Certified:

Item	Currency	Activity	Contract Value	Application total value	Certified total value
Item 1	USD	A1	1000	100	80
Item 2	USD	A1	1000	500	400
Item 3	USD	A2	1000	400	300
Item 4	GBP	A1	1000	100	100

 

Contract summary by activity and currency:

Contract	Activity	Currency	Planned cost	Earned Value (Received or certified in item currency)	Calculated Progress (Earned Value / Planned Cost)
C1	A1	USD	2000	480	24.00%
C1	A1	GBP	1000	100	10.00%
C1	A2	USD	1000	300	30.00%

 

Project connection details after certifying valuation 1:

Project Connection  for Activity A1 & Currency USD
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	2000	480	24%
Project Connection for Activity A1 & Currency GBP
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	1000 x R1	100 x R1	10%
Project Connection for Activity A2 & Currency USD
	Object	Planned cost	Earned Value (Progress * Planned cost)	Progress
	Sub contract	1000	300	30%