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Traditionally, EVM tracks schedule variances not in units of time, but in units of currency (e.g. dollars) or quantity (e.g. labor hours). Of course, it is more natural to speak of schedule performance in units of time, but the problems with traditional schedule performance metrics are even deeper.
YTD measures are more sensitive to changes early in the year than later in the year. In contrast, measures like the 12-month ending (or year-ending) are less affected by seasonal influences. For example, to calculate year-to-date invoicing for a company, sum the invoice totals for each month of the current year up to the present date. [2]
A calendrical calculation is a calculation concerning calendar dates. Calendrical calculations can be considered an area of applied mathematics. Some examples of calendrical calculations: Converting a Julian or Gregorian calendar date to its Julian day number and vice versa (see § Julian day number calculation within that article for details).
The running time of LPT is dominated by the sorting, which takes O(n log n) time, where n is the number of inputs. LPT is monotone in the sense that, if one of the input numbers increases, the objective function (the largest sum or the smallest sum of a subset in the output) weakly increases. [2] This is in contrast to Multifit algorithm.
For example, if the fiscal year end month is August, the company's year end could fall on any date from August 25 to August 31. In particular, the last fiscal week is the one that includes August 25 and the first fiscal week of the following year is the one that includes September 1. In this scenario, fiscal years would end on the following days:
The Loading Metric is a pure measurement of Schedule efficiency and is designed to exclude the effects how well that operation may perform. Calculation: Loading = Scheduled Time / Calendar Time. Example: A given Work Center is scheduled to run 5 Days per Week, 24 Hours per Day. For a given week, the Total Calendar Time is 7 Days at 24 Hours.
It has a length of 365 days in an ordinary year, with 8760 hours, 525,600 minutes, or 31,536,000 seconds; but, in order to reconcile the calendar year with the astronomical cycle, it has 366 days in a leap year, with 8784 hours, 527,040 minutes, or 31,622,400 seconds. With 97 leap years every 400 years, the year has an average length of 365. ...
For example, if the normal schedule for a quarter is defined as 411.25 hours ([35 hours per week × (52 weeks per year – 5 weeks' regulatory vacation)] / 4), then someone working 100 hours during that quarter represents 100/411.25 = 0.24 FTE. Two employees working in total 400 hours during that same quarterly period represent 0.97 FTE.
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related to: to date vs till time to schedule hours calculator formula based on year