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Actual Cost of Work Performed (ACWP) per Project

Actual Cost of Work Performed (ACWP) per Project
   
Home  » Products  » VIP Task Manager Pro  » Tutorials  » Customization Guide  » Actual Cost of Work Performed (ACWP) per Project

Actual Cost of Work Performed (ACWP) per Project

    Actual Cost of Work Performed (ACWP) per Project is a project management KPI that shows the total amount of direct and indirect expenses to accomplish a portion of work over some period of time.  The value of this KPI can be found by:

    ACWP = Direct Expenses + Indirect Expenses

    Direct Expenses are costs that directly tied to the production of goods or services.

    Indirect Expenses include the following expenses: rent, utilities, salaries of indirect labor, etc.

    Sometimes Actual Cost of Work Performed (ACWP) can be the total amount of direct expenses only.

    You may need to use Actual Cost of Work Performed to measure other KPIs such as Earned Value (EV) and Cost Performance Index (CPI).

    To calculate Actual Cost of Work Performed please follow the steps below:

  • Create the custom field "Direct Expenses" with Code "cf_direct_expenses"
  • Create the custom field "Indirect Expenses" with  Code "cf_indirect_expenses"
  • Create the custom field "ACWP" with the formula:
  • $cf_direct_expenses + $cf_indirect_expenses

  • On Task Tree select the task group for which you need to display Actual Cost of Work Performed (ACWP)  and select "Custom fields options"
  • Set the following custom fields settings for the following custom fields: "Direct Expenses" and  "Indirect Expenses"
    • In "Settings for" select "This task group"
    • select "Enable"
    • in "Aggregated (for task group)" field select "Sum" from drop-down list and the corresponding custom field name
  • Select custom field "ACWP" set the following settings for these custom fields:
    • In "Settings for" select "This task group"
    • select "Enable"
    • select "Calculated by custom field formula (for task group)"
  • Actual Cost of Work Performed KPI per project on Task Tree


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