Measure the progress of your project in Cost

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Cost Administrator

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Aconex: Our Main Application

Learn the terms used in Cost's "percentage complete" calculation methods.

Cost performs several calculations depending on the project, control account, and control element options selected. Progress can be measured at a basic level using information captured, or detailed Earned Value Management (EVM) can be performed on the cost worksheet.

The percent complete for a control account, work package, and/or contract is either manually assigned or calculated using a variety of system-defined formulas.

Selecting the percent complete method

The Percent Complete Method assigned to a Control Account should best suit the planned duration and nature of the work.

On the Cost Worksheet:

Select the Control Account.
Find the Percent Complete Method column.
Select the appropriate method for calculation.

Percent Method Calculations

Manual Methods


Method	Calculation	Description
MAN	Manual	This method allows you to manually enter a Percent Complete.

Quantity Based Calculations


Method	Calculation	Description
QAE	Quantity Actual to Date / Quantity Estimate at Completion	The Quantity Actual to Date is divided by the Quantity Estimate at Completion
QEB	Quantity Approved Budget to Date / Quantity Total Approved Budget	Sum of Time Phased Approved Budget (all Quantity Elements), up to and including the Current Reporting Period divided by the total Approved Budget (all Quantity Elements). Requires Time Phased Data.
QLB	Quantity Late Approved Budget / Quantity Total Late Approved Budget	Sum of Time Phased Late Approved Budget (all Quantity Elements), up to and including the Current Reporting Period divided by the total Late Approved Budget (all Quantity Elements). Requires Time Phased Data.
QCB	Quantity Control Budget to Date / Quantity Total Control Budget	Sum of Time Phased Control Budget (all Quantity Elements), up to and including the Current Reporting Period divided by the total Control Budget (all Quantity Elements). Requires Time Phased Data.

Hours Based Calculations


Method	Calculation	Description
HAE	Hours Actual to Date / Hours Estimate at Completion	The Hours Actual to Date is divided by the Hours Estimate at Completion
HEB	Hours Approved Budget to Date / Hours Total Approved Budget	Sum of Time Phased Approved Budget (all Hours Elements), up to and including the Current Reporting Period divided by the total Approved Budget (all Hours Elements). Requires Time Phased Data.
HLB	Hours Late Approved Budget / Hours Total Late Approved Budget	Sum of Time Phased Late Approved Budget (all Hours Elements), up to and including the Current Reporting Period divided by the total Late Approved Budget (all Hours Elements). Requires Time Phased Data.
HCB	Hours Control Budget to Date / Hours Total Control Budget	Sum of Time Phased Control Budget (all Hours Elements), up to and including the Current Reporting Period divided by the total Control Budget (all Hours Elements). Requires Time Phased Data.

Cost Based Calculations


Method	Calculation	Description
CAE	Cost Actual to Date / Cost Estimate at Completion	The Cost Actual to Date is divided by the Cost Estimate at Completion
CEB	Cost Approved Budget to Date / Cost Total Approved Budget	Sum of Time Phased Approved Budget (all Cost Elements), up to and including the Current Reporting Period divided by the total Approved Budget (all Cost Elements). Requires Time Phased Data.
CLB	Cost Late Approved Budget / Cost Total Late Approved Budget	Sum of Time Phased Late Approved Budget (all Cost Elements), up to and including the Current Reporting Period divided by the total Late Approved Budget (all Cost Elements). Requires Time Phased Data.
CCB	Cost Control Budget to Date / Cost Total Control Budget	Sum of Time Phased Control Budget (all Cost Elements), up to and including the Current Reporting Period divided by the total Control Budget (all Cost Elements). Requires Time Phased Data.

Linked Calculations


Method	Calculation	Description
SCH	Composite Schedule Activities Percent Complete	Progress is calculated as the weight average of the composite percent complete of Schedule Activities that are linked to a record in the Control Accounts grid.
ROC	Composite Rules of Credit Percent Complete	Progress is calculated using a set of Rules or Steps whose status is updated each Reporting Period. ROC is calculated as the composite percent complete of all the Rules assigned in the Rules of Credit sub-grid.

100% Complete Calculations


Method	Calculation	Description
TCS	100% Complete at Current Schedule Start	Progress is set at 100% if the Control Account/ Work Package/Contract current early start date is earlier than the start date of the current Reporting Period.
TCF	100% Complete at Current Schedule Finish	Progress is set to 100% if the Control Account/ Work Package/Contract’s current early finish is earlier than the finish date of the current Reporting Period. This is used for records where the 0-100% Rule is useful, usually only one or two months in duration.
FIN	100% Complete	Used when work associated with the Control Account/ Work Package/Contract is completed. Sets progress to 100% but allows actual cost to continue to be entered.
CLS	100% Complete and Closed	Used when work with the Control Account/ Work Package/Contract is completed; you expect no more actual costs. Sets progress to 100% and causes the EAC and Committed to Date to equal the Actual to Date.