Analyzing Variances and Ratios

The three fundamental values (BCWP, BCWS, and ACWP) aren’t used directly in analysis. The two variances-schedule variance and cost variance, which can be either positive or negative numbers-are the more important values. The larger the number, the greater the variance between performance and the schedule, or the actual cost and the baseline. When SV or CV…

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Using Earned Yalue Analysis to Analyze Project

Performance Real projects don’t run precisely on schedule or on budget. When you have tasks starting and finishing ahead of schedule or slipping behind, and costs running over or under budget, it’s hard to tell at a glance whether you’re under budget because you’re behind schedule or under budget because you’re spending less than budgeted.…

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Reviewing Variances from the Baseline

Whether you are manually updating task data or using the work group tools to have Project update task data based on Team Status reports, comparing the actual results with the baseline and interim plan data gives you a lot of information about the  status of the project. Project calculates variances to baseline for start and…

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Entering Task Update Data

You can update most project data by using the Tracking table in Task Sheet view. This view  contains the Actual Start (Act. Start) and Finish (Act. Finish), Percent Complete (% Comp.), Actual Duration (Act. Dur.), Remaining Duration (Rem. Our.), Actual Cost (Act. Cost), and Actual Work (Act. Work) fields. You Gin enter data into every…

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Updating Tasks With Actual Data

If you’ve spent a lot of time in planning a project, nothing is more exciting than seeing the first few project tasks completed. The project is finally underway and all the hard work that went into preparing for the project begins to payoff. In    and , we discussed the two most common methods of…

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