I will show you how to get different information about your actual Project Status, using different Tables in MS PROJECT 2010.
First I will set up my example:
In my previous posts (last two) I put some actuals as follows:
- For Task1: Actual duration 2 days, Remaining duration 3 days
- For Task2: Actual duration 2 days, Remaining duration 0 days, Actual Start 15.12.2011
- For Task3: Actual Start: 23.12.2012, Actual Finish 28.12.2011
- For Task4: Actual work 36 hours
Is it good or bad? We will use different tables to examine this!
You can change table which you want to see in two different ways:
First I will choose the Baseline Table:
Here I can find what is in my Baseline or Plan for each Task, and for the whole Project!
Now I will choose the Cost Table, and I will get:
Variance = Total Cost – Baseline. The conclusion: We are spending too much, or more than we planned!
Now I will chose the Variance Table, and I will get:
Start Variance = Start – Baseline start. Task3, Task4, and Task5 has started later than planned!
Finish Variance = Finish – Baseline finish. Task1,Task2,Task3, Task4, and Task5 has finished later than planned!
The conclusion: We are late with our Project
Remember this! When you have a Positive Variance, you are behind the schedule, and you are spending more than you should. When you have a Negative Variance, you are ahead the schedule, and you are spending less than you should.
Dear fellows, that’s all for this year. I wish you all the best in a new year, a lot of fun, and everything you wish to yourself!
HAPPY NEW YEAR!