2017 sp4 new functionality noveco · t/c /noveco/config in sap standard reports, planned and pp...

Noveco 3.0 new functionality SP4

Project Risk ManagementVariations: Probability and Expected ValuesProfit Calculation optionsAutomatic conversion of Forecast into PlanRemove FI documents and Cost ElementsProject Recent and Favourite ListsPop-up to recalculate project forecastsChange Forecast on Rolled Up valuesChange Values by ‘+’ or ‘–’ and by +/- of a percent % Build PP order hierarchy into projectUpdate Actual POC on aggregated WBS elementsOther

Project Manager Workbench: Risk Analysis

Newtab:“RiskAnalysis”

Create Risks documents: Threats and Opportunities

that might affect your project.

Estimate their Costs and Revenues.

Assess their expected values and probabilities.

Evaluate different scenarios.

Risk impact on project Time line

Simulate various risk scenarios on cumulative time scale and compare them with the current

forecast.

moredetails:http://www.novecosystems.com/pdf/2017_Noveco_Risk_Management.pdf

Project Risk ManagementVariations: Probability and Expected ValuesProfit Calculation optionsAutomatic conversion of Forecast into PlanProject Recent and Favourite ListsPop-up to recalculate project forecastsRemove FI documents and Cost ElementsChange Forecast on Rolled Up valuesChange Values by ‘+’ or ‘–’ and by +/- of a percent % Build PP order hierarchy into projectUpdate Actual POC on aggregated WBS elementsOther

New Fields: available for Risks and Variations

RevenueExpected%(default100%)

Expectedvaluesinthetree

Probability,(default100%)

ExpectedValues

BudgetandForecastExpected%

(default100%)

As default, Expected Value and Probability = 100%

Project Revenue variation, Budget and Forecast

values are calculated and updated based on the

Expected %.

Project Risk ManagementVariations: Probability and Expected ValuesProfit Calculation optionsAutomatic conversion of Forecast into PlanRemove FI documents and Cost ElementsProject Recent and Favourite ListsPop-up to recalculate project forecastsChange Forecast on Rolled Up valuesChange Values by ‘+’ or ‘–’ and by +/- of a percent %Build PP order hierarchy into project Update Actual POC on aggregated WBS elementsOther

Profit Calculation Options

t/c /NOVECO/CONFIG

In Project Parameters you can specify how Profit Margin % to

be calculated.

This affects key figure “Profit Margin, %” in KPI tab in the

Workbench.

Project Risk ManagementVariations: Probability and Expected ValuesProfit Calculation optionsAutomatic conversion of Forecast into PlanRemove FI documents and Cost ElementsProject Recent and Favourite ListsPop-up to recalculate project forecastsChange Forecast on Rolled Up valuesChange Values by ‘+’ or ‘–’ and by +/- of a percent %Build PP order hierarchy into projectUpdate Actual POC on aggregated WBS elementsOther

Automatic conversion of Forecast to Plan

t/c /NOVECO/CONFIG

this setting eliminates the need to run t/c

/NOVECO/FCAST2PLAN

If you set a cost plan version here the forecast

will be automatically converted into plan cost every time you Save your

forecast or run Recalculate.

Some companies use convert forecast values into a conventional cost

plan (saved on Value Type ‘01’) to use it in BW/BI

reports or in PPM.

Excluding Costs from Workbench

t/c /NOVECO/CONFIG

You can filter out costs posted by finance by specifying a Controlling Area, Business

Transaction and FI Document type.This way you can remove, for example, Accrual Postings from the Workbench.

t/c /NOVECO/CONFIG

You can filter out costs posted to a certain Cost Element or entire Value Category (cost

element group). With this setting neither plan nor actual costs posted on specified cost

element or a group will appear in the Workbench.

Project Recent and Favourite lists

t/c /NOVECO/EPMWB

System now tracks a list of recently opened projects.

You can maintain a list of your Favouriteprojects.

Switch between Recent and Favourite projects lists and add/remove projects from both lists.

Open project by clicking once on hyperlink (underscored project number), confirm

planning period and continue with it in the Workbench.

Project Risk ManagementVariations: Probability and Expected ValuesProfit Calculation optionsAutomatic conversion of Forecast into PlanRemove FI documents and Cost ElementsProject Recent and Favourite ListsPop-up to recalculate project forecastsChange Forecast on Rolled Up valuesChange Values by ‘+’ or ‘–’ of a %Build PP order hierarchy into project Update Actual POC on aggregated WBS elementsOther

Pop-up to recalculate forecasts

t/c /NOVECO/EPMWB

When actual costs and/or PO commitments were posted to project and you opened it in the Workbench,

the systems displays a large exclamation mark (status critical).

This means that the forecast needs to be recalculated.

Now a pop-up suggests to recalculate forecast before continue with this

project in the workbench.

You can choose “No” and continue navigating with this project, but it is

recommended that the forecasts are always recalculated and exclamation

mark does not appear.

Change Forecast on Rolled Up values

Clickon“RollUpvalues”

t/c /NOVECO/EPMWB

This function allows you to roll values by: - selected WBS (will include all

subordinate objects)- Value Category- Resource Name (if maintained)- Cost Element (if Cost Elements not

turned off in Noveco configuration)

Change Forecast on Rolled Up valuesYou can change Estimated CTC / EAC or Work To Complete and the system will distribute the entered value down to the sub-elements (WBS or NWA) using pro-rata distribution.

Pro-rata distribution rules when changing Estimated CTC:- first, weight ratio is calculated based on CTC value, if CTC is

changing from 0, weight is calculated based on EAC, if EAC is changing from 0, then weight determined based on Current Budget.

Pro-rata distribution rules when changing Estimated EAC:- first, weight ratio is calculated on EAC value, if EAC is changing

from 0, then weight ratio is calculated based on Current Budget.


In this example, Costs and Work To Complete was pro-rata distributed on two cost items. Their CTC values were used as weighting factors in pro-rata distribution of the total new CTC value.


If you select top WBS (or Project Definition), you can use this function to update certain costs for the entire project.

Note: on large numbers and multiple lines to update there will be a rounding effect ( described in cents ).

Change CTC / EAC values by adding or subtracting

You can adjust project Cost To Complete or Estimated At Completion by adding or subtracting values.

For example, to increase CTC by 5000, type +5000 To reduce by 5000, type -5000

You can type decimals as well. For example, to increase by 100,5, type +100,5 or +100.5 depending on how your system is set to recognize decimal place after ‘,’ or after ‘.’

This technique can be applied to all fields open for entry: CTC, EAC, WTC and WAC except PRICE:

Note: if you type a value with a sign ‘+’ or ‘–’ and with a decimal point and if total value entered is less than a 100 (for example, +85,5 this will be considered as a change by a % - refer to the next slide)

Change Values by %You can also adjust forecast values by + or – of a percent %.

For example, if you want to increase CTC by 10%, you must specify a sign ‘+’ and a decimal point. Depending on your system settings the decimals are specified either after ‘,’ or after ‘.’ Therefore, if your system is set to recognize decimals after ‘.’ then to increase value by 10%, type: +10.0 If in your system decimals are set after ‘,’ type +10,0

Other examples:to increase by 2,5%, type: +2,5to increase by 0,5%, type: +0,5 or +,5to increase by 0,05%, type: +0,05 or +,05

To reduce values by a % type ‘–’ instead of ‘+’. For example, to reduce CTC by 10% type -10,0 or -10.0 , depending on your system setting.

Note: you can only reduce or increase (+ /–) by maximum of 99,99%

Change by % for the entire projectBy combining two new functions: 1) Ability to change on Rolled Up Values and 2) Change value by a %, you can now change values for the entire project or selected WBS packages by adding/reducing by a %-percentage points for selected Value Category, Resource Name or/and Cost Element (if you haven’t turned it off)

For example to increase labour cost by 1,2% make the following steps:- select WBS with sub-elements, or if you want to change for the entire project, select Project Definition- click on “Roll Up Values”- type +1,2 (or +1.2) into CTC field

Production / Planned Order hierarchy

t/c /NOVECO/CONFIG

In SAP standard reports, Planned and PP orders are shown under WBS element as a

flat list.

To present Planned and Production orders in Noveco workbench as a hierarchy you must

select this indicator.

Note. Only orders that are account assigned to WBS will appear in the hierarchy. Orders produced to plat stock will not be displayed.

Production / Planned Order hierarchy

ProductionOrdersPlannedOrders

Update Actual POC on aggregated WBS elements

You can now update Actual POC on Project elements that are not relevant for POC

calculations. The POC entered will be copied into all sub-elements.

Usually all POC, % (Plan, Calculated and Actual) are calculated on the lower level

project objects (NWA or WBS set as planning element) and rolled up to superior WBS

elements marked up by a weighting factor.

Previously you were not able to change POC on superior WBS elements.

List View in Project Review Report

You can now run Project Review report in a List View.

This option presents all data in ALV view (see the next slide)

You can run this report as a background job, the result from the

job spool can be exported to an excel.

t/c /NOVECO/PROJ_REVIEW

or /NOVECO/EPM_PORTAL

List View in Project Review Report or Portal

• Sort Project List by Budget Deficit ( Current Budget – EAC)

• Sort Project List by Profit Margin ( Revenue Plan – EAC)

List View in Project Review Report or Portal

Export to Excel

Run Review Report from the Workbench

You can now run Project Review report from the Workbench.

Profit Value and Profit % now available

t/c /NOVECO/EPMWB

Profit Value and Profit, % fields are now calculated in the project tree

ALV hotspots: cells that show their values as “hyperlink”

Cells that show their values as “hyperlink” now respond on a single click (instead of double

click).

Plan By Period: Totals Column

List of Active users

Now, every time user makes changes to the forecast and saves the changes, the user ID is

recorded in the table /NOVECO/USERS

It records the date and time when the change happened.

By extracting data from that table you can monitor your user activities.

Timesheets - removed

This function called SAP standard t/c CATS_DA for selected WBS and all Periods.

However, due to performance issues of standard t/c CATS_DA when run for all periods, this function is

temporarily not available.

For more information visit Noveco Systems on www.novecosystems.com

2017 sp4 new functionality noveco · t/c /noveco/config in sap standard reports, planned and pp...

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