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- Project: Description of the project
- Code WBS, Project Task: Project tasks broken down by Work Breakdown Structure (WBS)
- The Item column displays all detailed subcomponents, materials, equipment, or activities associated with a project task, providing a granular view of their associated costs or revenues.
Quantity (Opening, For Period, Closing, Estimated, Pending) measures the physical progress of work.
Opening Balance - cumulative quantity completed up to the start of the period.
For Period - work done in the current reporting period.
Closing Balance - cumulative quantity completed to date (Opening + For Period).
Estimated - planned or target quantity for the task.
Pending - remaining quantity to be executed (Estimated - Closing).
Amounts (Opening, For Period, Closing, Estimated, Pending) reflect reflect the financial side of progress.
Opening Balance - cumulative recognized amounts from prior periods.
For Period - value recorded in the current reporting period.
Closing Balance - cumulative recognized value (Opening + For Period).
Estimated - budgeted or planned value for the task.
Pending - balance not yet recognized (Estimated - Closing). Example: if Design Fire Fighting Pump has an estimate of 31,850 but a closing balance of -3,185, pending is 35,035, showing a reversal.
Amount Completion % shows progress in percentage terms.
Formula: (Closing Balance ÷ Estimated Amount) × 100.
Positive % - progress made and recognized.
0% - no progress.
Negative % - reversals or corrections reduce recognized revenue below zero.
Example: Construction Scope estimated at 254,800, actual -6,370, equals -2.5% completion.
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Period: Define the report’s start and end dates; only data within this range will be included.
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