1. A live formulaic effort event reporting method for collecting an effort event data and reporting said effort event data in a multitude of real time Formulaic Conjoined Project Effort Instance (CPEI) reports, comprising the steps of: collecting said effort event data from a data source, inputting said effort event data into a computerized device according to a prescribed formula for use in a multitude of effort event data associations, processing said effort event data and forming simple and complex associations between effort event data, storing said effort event data in base tables in a core database in said computerized device, receiving a CPEI data query to the core database from a user device, searching said core database tables in response to said query utilizing a CPEI data searching module, generating a multitude of CPEI data in virtual system views in response to said query by a CPEI data generating module, and reporting said multitude of CPEI data in predefined, structured CPEI data reports from data view modules with virtual view tables.