Video - InEight Control - Progress Measurement

TRANSCRIPT

Welcome to InEight Control.

This video demonstrates how to measure progress in InEight control.

On the C B S tab,

you'll find a wealth of information for measuring and analyzing your project's

progress, including planned earned actual man hours and costs.

On the current estimate block your plan man hours and costs are called

CE total man hours and CE total cost for current estimate.

In the current budget data block,

you see your CB Total Man hours and CB total cost for

the current budget. On the default current estimate data block,

click to the second panel

to see earned values,

CE Man hours earned and CE cost earned.

You can do the same on the current budget data block to view the current budget

earned values change your view to the progress view set.

On the actuals data block,

you can view your actuals cost based on work completed so far in the

field listed as actuals cost to date. Go to the second panel

to see actual man hours to date

back on the first panel of the actual data block.

You can see if you are doing better or worse than planned by comparing your

actual values to your earned values. This gain loss

variance is shown in the CB man hours GL to date,

and CB actual cost GL to date columns.

The C B S register also contains measurements for productivity,

or in other words,

how effective the rate of output is per unit of input.

On the second panel of the actuals tab,

the CB productivity factor measures productivity using an equation of

earned over burned or your earned man hours to date

divided by your actual man hours to date.

This creates a numerical indicator where anything above the number one is

more productive than planned,

and anything under one is less productive than planned.

Your compensation factor to date measures how your actual labor rate compares

to the rate that was budgeted.

The formula for compensation factor is your budgeted labor unit cost

divided by your actual Labor Unit cost.

This gives you a number where greater than one means your labor is costing you

less than planned and less than one is costing you more than planned.

Another factor known as Labor Efficiency Index or L E I

multiplies the productivity factor by the compensation factor to take

into consideration how effective your labor is versus how much it costs.

An L EI number greater than one means you are using your resources

effectively an L E I Less than one means your resources are not

performing as well as planned.

Remember that you can create your own custom data blocks for progress

measurement purposes, click add data blocks here.

Then click Create Custom data blocks.

Give the data block a meaningful title.

Select the general data block type,

then select next.

You want the first column for measuring progress to be the percent complete,

so add it to the first column of the data block.

Next, you want to compare your plan cost, earn cost to date,

and actual cost so add those columns.

To help you analyze how your actuals are doing compared to your earn cost to

date. Add the CB actual cost GL to date column.

Also add the CB remaining cost to see how much cost you have

remaining for each item.

Click save to save the data block.

Then add the data block to your view.

Within the project Measure data block,

you can compare your planned versus earned versus actual costs and

quickly see if you are over or under budget. For example,

you notice your gain loss column shows you the difference between the cost

you've earned based on your percentage complete so far,

and what you've actually spent. Keep in mind

you could add man hour related columns for the second panel of this data block,

or whatever columns or data blocks you need to measure your progress.

Well, that's how to measure Project progress in InEight Control.

Thanks for watching.