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Celoxis calculates the projected finish date of a task based on the % complete. This is done by calculating the rate (speed) of work assuming equal progress every day for the entire duration of the task. For instance, a 10 day task is expected to make progress of 10% each day. Thus, if the task is marked 50% complete after 5 days, at the current rate, the task will be completed on time. But if a task is marked 30% or 40% complete after 5 days, at the current rate, the task will not be completed on time. On the basis of this estimation, Celoxis displays the RAG signals and also computes the projected finish dates of all dependent tasks. This allows the project manager to take corrective actions in advance and avoid task delays. In real life scenarios, a task cannot make equal progress each day. However, the idea is to have a fair estimate that provides some value to your everyday working
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You can also define your own visual indicators based on your company requirements. Please refer Define your own visual indicators. |
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Budget Health
Based on the task % complete and the actual cost incurred, the projected cost is derived. This projected cost is then compared with the budget or Cost (Est) if Budget is not specified, based on which Celoxis displays the visual (Budget) health indicators.
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