The first step in planning a project is to break down the project into major deliverable i.e. major product or service element. This can be referred to as Work Breakdown Structure (WBS). Every project within the Enterprise Project Structure (EPS) has its own WBS.
ADD WBS ELEMENT
STEP: PROJECT---->WBS
GENERAL INFORMATION
Use the General tab to edit the chosen WBS element’s general data. This includes the WBS code, WBS name, status, and responsible manager.
FOUR STATUS TYPES OF WBS
PLANNED WBS:- If a WBS element’s status is Planned, Progress Reporter users cannot view any activities enclosed within the WBS part. This prevents Progress Reporter users from assigning themselves to and performing work on activities assigned to a WBS part that’s not authorized for actual use.
ACTIVE WBS ELEMENTS:- If a WBS element’s status is Active, Progress Reporter users can view all activities enclosed within the WBS part. Depending on their time-sheet privileges, users may additionally be ready to assign themselves to and perform work on activities that are included in an Active WBS part. If a WBS part belongs to a higher-level WBS part, the element has the same status as that part.
INACTIVE WBS ELEMENTS:- If a WBS element’s status is Inactive, a project level setting on the Project Details Resources tab determines whether or not Progress Reporter users can view activities that belong to the WBS. Once this option is turned on, Progress Reporter users can view, however can’t edit activities that are enclosed within the Inactive WBS part.
WHAT-IF WBS ELEMENTS:- If a WBS element’s status is What-If, Progress Reporter users cannot view any activities enclosed within the WBS part. This prevents Progress Reporter users from assigning themselves to and performing work on activities assigned to a WBS part that’s not authorized for actual use.
WBS MILESTONE
Milestones are assigned at the WBS level, and every milestone is given a weight that indicates its importance to the project schedule. After you mark a WBS milestone as complete, the module uses its weight to calculate the performance percent complete of all activities enclosed within the WBS level. You will be able add an unlimited number of WBS milestones, which may even be used to calculate earned value.
EARNED VALUE
Earned value could be a technique for measuring project performance according to both project prices and therefore the schedule. This system compares the budgeted cost of the work to the actual cost. Whereas earned value analyses are generally performed for WBS parts, you will be able additionally perform an earned value analysis for activities and groups of activities.
Activity Percent Complete: Calculates earned value according to current activity completion percentages and the percent complete type selected on the General tab of Activity Details.
Use Resource Curves / Future Period Buckets: Overrides the Activity Percent Complete type for activities that have a resource curve assigned to at least one of the resource assignments, or for activities that have assignments with manually-defined future period bucket values. If a curve is assigned, Units Percent Complete is always multiplied by the Budget at Completion to calculate Earned Value.
WBS Milestones Percent Complete: Calculates earned value according to completion of the WBS element’s weighted milestones, rather than the completion percentages of the element’s activities.
0/100 Percent Complete: Calculates earned value as 100 percent only after the activity ends. Until the activity is complete, the activity’s earned value is zero percent.
50/50 Percent Complete: Calculates earned value as 50 percent after the activity starts and until the activity ends. After the activity ends, the activity’s earned value is 100 percent.
Custom Percent Complete: Calculates earned value as a percentage you specify. This percentage applies after the activity starts and until the activity ends. After the activity ends, the activity’s earned value is 100 percent.
In the Technique for Computing ETC area, choose the technique you want to use when calculating an activity’s estimate to complete (ETC) value:
ETC = Remaining Cost for Activity: Calculates ETC values as the remaining cost to complete an activity (ETC = remaining duration of activity * applicable resource rates).
PF = 1: Calculates ETC values as Budget At Completion (BAC) less Earned Value Cost. This technique yields an optimistic result.
PF = 1/CPI: Calculates ETC values according to a Performance Factor (PF) of 1 divided by the Cost Performance Index (CPI).This technique yields the foremost probably result.
PF = 1/ (CPI*SPI): Calculates ETC values according to a PF of 1 divided by the product of the CPI and Schedule Performance Index (SPI). This technique yields a pessimistic result.
PF =: Calculates ETC values according to a PF you specify.
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