This section describes terminology related to progress in Oracle Projects:

• Actual Cost: The amount of cost spent to date. For all non labor resources, Oracle Projects calculates actual costs based on actual quantities. You enter an actual quantity in terms of hours, currency, or any other unit of measure. Oracle Projects uses an actual cost rate to calculate the actual cost. For labor resources the actual cost is calculated based on the type of structure sharing and costing method selected in associated labor costing rule. Oracle Projects uses actual cost rate to calculate actual labor costs in following cases

  • If the structures are non-shared or partially shared.

  • If the structures are fully shared and associated labor costing rule uses the Standard costing method.

  Oracle Projects determines the actual cost rate based on the rate source selected in the associated labor costing rule. If the rate source is Projects then the rate is derived from the applicable project rate schedules. If the rate source is HR Rates then the rate is derived from the criteria based rates defined in Oracle HR. For details on rate determination in workplan refer Using Actual Rates for Workplan and Financial Planning, Oracle Projects Fundamentals Guide.

  If the structures are fully shared and the associated labor costing rule uses the Actual costing method then Oracle Projects uses actual payroll costs to derive the labor costs. For details, please refer Distributing Labor Costs when Costing Method is Actual, Oracle Projects Costing User Guide.

• Actual Dates: The dates when work actually starts and finishes.

• Actual Effort: The amount of effort spent to date.

• As of Date: The date for which you are collecting progress. The progress cycle for a workplan determines the potential dates that you can use. Oracle Projects populates the list in the As of Date field with five dates, starting with a default As of Date.

  If no submitted progress records exist, then the default As of Date is the first future date from the system date as determined by the progress cycle. Oracle Projects populates the list with five dates, beginning with the default date and continuing with future progress cycle dates.

  If a submitted progress record exists, Oracle Projects populates the list with five progress cycle dates, beginning with first date following the most recent As of Date that is associated with submitted progress. These dates can all be in the past.

  Note: Your implementation team must define PA and GL periods that correspond with the As of Date before you can submit progress for that date. See: Defining GL and PA Periods.

• Deliverable Status: The completion status of a deliverable. You can specify a status such as Not Started, In Progress, or Completed.

• Estimate at Completion (EAC): Oracle Projects calculates estimate at completion using the following formula:

  Estimate at Completion = Actual to Date + ETC

• Estimate to Complete (ETC): The amount of work remaining. You enter an ETC quantity in terms of hours, currency, or any other unit of measure. Oracle Projects uses the rate associated with the resource assignment to calculate the ETC cost.

• Estimated Dates: An estimated schedule of when work starts and finishes.

• Percent Complete: Oracle Projects calculates percent complete using the following formula:

  Percent Complete = Actual to Date / (Actual to Date + ETC) * 100

• Percent Spent: Oracle Projects calculates percent spent using the following formula:

  Percent Spent = (Actual to Date / Planned) * 100

  Note: Percent spent can be greater than 100.

• Physical Percent Complete: The amount of physical work achieved. Oracle Projects calculates physical percent complete for a task based on its physical percent complete derivation method. See: Deriving Physical Percent Complete.

  Note: The number of decimal places that Oracle Projects stores and displays for physical percent complete depends on whether you are viewing the workplan structure or the financial structure.

  For workplan structures, Oracle Projects stores and displays physical percent complete to two decimal places. However, Oracle Projects uses the complete physical percent complete figure, not just two decimal places, to calculate earned value. After completing the calculation, it rounds the calculated earned value to two decimal places.

  For financial structures, Oracle Projects stores and displays physical percent complete to four decimal places. When you transfer physical percent complete from a workplan structure to a financial structure, Oracle Projects transfers two decimal places to the financial tasks. As physical percent complete rolls up the financial structure, Oracle Projects stores and displays physical percent complete to four decimal places.

• Planned Effort and Cost: The projected total cost and effort required to complete the work. Oracle Projects uses planned quantity values to calculate the planned cost for resource assignments. You can define planned quantity for each resource assignment in a project workplan structure. This enables you to track progress against planned assignment cost and effort as actual effort and cost is spent over the duration of the project. For information on planned effort and cost, see: Managing Workplan Effort and Cost.

• Progress Status: A qualitative evaluation overall task progress. You can specify a status such as On Track, At Risk, or In Trouble.

• Task Status: The completion status of a task. You can specify a status such as Not Started, In Progress, or Completed.

• Work Quantity: Any user-defined quantitative measure of work, such as number of tiles laid or number of contracts completed. You can plan for an amount of work quantity for a task and measure progress against the planned work quantity.

  For additional information on work quantity, see: Project and Task Attributes.