opsm 639, c. akkan save your existing ms project file at the end of part3 as _part4 _part4 with...

OPSM 639, C. Akkan

SAVE SAVE your existing your existing

MS Project File at the end of PART3 MS Project File at the end of PART3 asas

<username>_<username>_PART4PART4

WITH BASELINEWITH BASELINE..

MMake sure ake sure you you keep the original file keep the original file without a baseline.without a baseline.

OPSM 639, C. Akkan

If “Save with a baseline option” does not appear,

1.Choose “Tools”

2.Select “Tracking”

3.Click on “SaveBaseline...”

OPSM 639, C. Akkan

Monthly Cost Schedule Report-1

1.Select “View”

2.Choose “Report”

OPSM 639, C. Akkan


1.Choose “Cost”

2.Click on “Select”

3.Select “CashFlow”

4. Click on “Edit” icon.

OPSM 639, C. Akkan


You can change the format and details of cost schedule report by changing the items within “Crosstab Report” view. For the monthly cost report change the time unit to months.

1.Select “Definition”

2.Select “Month”

3.Click “OK”

OPSM 639, C. Akkan


Click on “Select” icon.

OPSM 639, C. Akkan


Monthly Cost Schedule Report

OPSM 639, C. Akkan

Update the Progress of the Project-1

Update data provided in Projectinfo_4.xls.

1.Select the activity that you will update

2. From “Tools” select “Tracking” 4.Update Tasks...

OPSM 639, C. Akkan


Change the durations using the data provided in the Excel file.

Note: Although we changed the actual and remaining durations, baseline dates are not affected by changes you made.

OPSM 639, C. Akkan


If a number of tasks started and finished on time, you can set the actual finish information for all those tasks at once. Procedure as follows;

Select the tasks that you want to update (press CTRL key and click on Task Name).

OPSM 639, C. Akkan


1.Go to “Tool” bar

2.Choose “Update Project...”

2.Select “Tracking”

OPSM 639, C. Akkan


Choose “selected tasks” then click “OK”

OPSM 639, C. Akkan

Seeing the Effects of Update-1

1.Go to “View”

2.Click “More Views”

3.Select

“Tracking Gantt”

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Seeing the Effects of Update-2

Dark Blue Bar shows the completion percentage of the tasks.

Light Blue Bar shows the remaining percentage of the tasks.

Gray Bar shows the base line of the tasks.

OPSM 639, C. Akkan

Seeing the Effects of Update on Critical Path

Select “Critical”

As you can see Tracking Gantt Chart does not show the completed tasks on the critical path. Therefore we have only

remaining critical activities as indicated by the Red Bar.

OPSM 639, C. Akkan

Earned Value Analysis Report-1

What is earned value analysis?Earned value analysis is a method for measuring project performance. It indicates how much of the budget should have been spent, in view of the amount of work done so far, and the baseline cost for the task, assignment, or resource. Earned value is also referred to as budgeted cost of work performed (BCWP).

In our example we use the beginning of each month as a control date for the earned value analysis.

OPSM 639, C. Akkan


1. From “Project” select “Project Information” 2.Set “Status date” to 5/1/2002

OPSM 639, C. Akkan


1.Select

“View”

2.Choose

“Report”3.Click on “Costs...”

4.Click “Select”

OPSM 639, C. Akkan


1.Select “Earned Value” 2.Click on “Select”

OPSM 639, C. Akkan

Fields in the Earned Value Table

Field Description

BCWS Budgeted cost of work scheduled, through the project status date

BCWP Budgeted cost of work performed, through the project status date

ACWP Actual cost of work performed, through the project status date

SV Earned value schedule variance, through the project status date

CV Earned value cost variance, through the project status date

BAC Budgeted at completion (the baseline cost of the task/project)

EAC Estimate at completion, (estimated cost of the task/project)

VAC Variance at completion, (=BAC – EAC)

OPSM 639, C. Akkan

Earned Value Analysis Report-5-1

Cost calculations for activity 5:Uses 100% of resource B whose fixed cost is $450 & variable cost is $12/hr.BCWS = 450 + 13 (12*8) = $1698 BCWP = 450 + 13 (12*8)*(13/14) = $1608.86

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•If BCWS is larger than BCWP, then that task is behind schedule. Hence there is a negative schedule variance.

•Total ACWP is larger than BCWP; that is money spent on tasks performed has been larger than the budgeted amount.

OPSM 639, C. Akkan


• EAC for activities that are not yet started (7, 8, 9, and 11) is set equal to BAC.

• It is presumed that the fact that there has been deviations in the started activities does not necessarily mean that there will be deviations in the

future activities.

•EAC for activity 5 is calculated as follows: 450 + 14(12*8) = $1794

OPSM 639, C. Akkan

Save as your project as <username>-Part4-1

opsm 639, c. akkan save your existing ms project file at the end of part3 as _part4 _part4 with...

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