Cannot find PCIB & PCIC

[LG]

Dear All,

1 - I cannot find the PCIB & PCIC, could anyone please advise where to find
this Ms. Project?

2 - Could anyone please advise why my CPI = 0 always even the some tasks
have been completed?

3 - Could anyone please advise what are the forecasted cost at completion
(FAC)

Regards,

LG

 

[Jim Aksel]

Earned value data will show 0 if you do not have costs associated with your
resources. You also need a costed resource loaded baseline, a correct status
date, and reasonable progress (%Complete) for tasks to the left of the status
date.

Total Cost is the same as Budget at Complete (BAC). In Project2007, EAC is
your current forecasted Estimate at complete using the following formula:

EAC = ACWP + (Baseline cost X - BCWP) / CPI
where "X" is the baseline cost of the specific task "X". This is a line by
line calculation.

There are really 3 estimates at complete you should consider:

EAC1 = ACWP + (Baseline cost X - BCWP) [Assumes future work performce is
CPI=1]

EAC2 = ACWP + (Baseline cost X - BCWP) / CPI [Assume future work performance
does not improve based on cost]

EAC3 = ACWP + (Baseline cost X - BCWP) / (CPI*SPI) This formula considers
both cost and schedule performance.

We present all three data points and a forecasted range of EAC based on
these formulas and then have the Control Account Manager give us their single
best estimate within the range. The dispersion of the data reveals an
element of risk to the EAC to the Program Manager.








--
If this post was helpful, please consider rating it.

Jim

Check out my new blog for more information:
http://www.msprojectblog.com

 

[LG]

Dear Jim,

Thank you. Could you please let me know how to do with this ? I am quite new
to Ms Project. I am using 2003 version

Earned value data will show 0 if you do not have costs associated with your
resources. You also need a costed resource loaded baseline, a correct status
date, and reasonable progress (%Complete) for tasks to the left of the status
date.

Another thing could you please let me know where to find PCIB & PCIC?

Regards,

LG

Earned value data will show 0 if you do not have costs associated with your
resources. You also need a costed resource loaded baseline, a correct status
date, and reasonable progress (%Complete) for tasks to the left of the status
date.

Total Cost is the same as Budget at Complete (BAC). In Project2007, EAC is
your current forecasted Estimate at complete using the following formula:

EAC = ACWP + (Baseline cost X - BCWP) / CPI
where "X" is the baseline cost of the specific task "X". This is a line by
line calculation.

There are really 3 estimates at complete you should consider:

EAC1 = ACWP + (Baseline cost X - BCWP) [Assumes future work performce is
CPI=1]

EAC2 = ACWP + (Baseline cost X - BCWP) / CPI [Assume future work performance
does not improve based on cost]

EAC3 = ACWP + (Baseline cost X - BCWP) / (CPI*SPI) This formula considers
both cost and schedule performance.

We present all three data points and a forecasted range of EAC based on
these formulas and then have the Control Account Manager give us their single
best estimate within the range. The dispersion of the data reveals an
element of risk to the EAC to the Program Manager.








--
If this post was helpful, please consider rating it.

Jim

Check out my new blog for more information:
http://www.msprojectblog.com

Dear All,

1 - I cannot find the PCIB & PCIC, could anyone please advise where to find
this Ms. Project?

2 - Could anyone please advise why my CPI = 0 always even the some tasks
have been completed?

3 - Could anyone please advise what are the forecasted cost at completion
(FAC)

Regards,

LG

 

[Jim Aksel]

First, go to your resource sheet.
Enter your resources and enter a standard rate. Using $1/hr is fine if
necessary.
Return to the Gantt view.
I assume you have your tasks created with appropriate logic links,
durations, etc.
Assign resources to your tasks.

Hint: Never assign resources or predecessor logic to summary tasks.

To save a baseline: Tools/Tracking/Save Baseline... (entire project)
Set the status date: Project/Project Information.... key a date.
Insert the %Complete column if needed.

Key a %Complete for each task.

Actually, it may be better to do that from the Tracking Gantt view. There
you can insert columns for BCWS (Planned Value), BCWP (Earned Value), EAC,
Total Cost (BAC). We usually insert some of the other items too such as
Schedule Performance and Cost Performance Index (SPI, CPI), Schedule and Cost
Variances (SV. CV).

As for PCIB and PCIC, can I buy a vowel? I am not familar with these terms
-- give me a clue and I can do a mental conversion and get you what you need.
--
If this post was helpful, please consider rating it.

Jim

Check out my new blog for more information:
http://www.msprojectblog.com

Dear Jim,

Thank you. Could you please let me know how to do with this ? I am quite new
to Ms Project. I am using 2003 version

Earned value data will show 0 if you do not have costs associated with your
resources. You also need a costed resource loaded baseline, a correct status
date, and reasonable progress (%Complete) for tasks to the left of the status
date.

Another thing could you please let me know where to find PCIB & PCIC?

Regards,

LG

Earned value data will show 0 if you do not have costs associated with your
resources. You also need a costed resource loaded baseline, a correct status
date, and reasonable progress (%Complete) for tasks to the left of the status
date.

Total Cost is the same as Budget at Complete (BAC). In Project2007, EAC is
your current forecasted Estimate at complete using the following formula:

EAC = ACWP + (Baseline cost X - BCWP) / CPI
where "X" is the baseline cost of the specific task "X". This is a line by
line calculation.

There are really 3 estimates at complete you should consider:

EAC1 = ACWP + (Baseline cost X - BCWP) [Assumes future work performce is
CPI=1]

EAC2 = ACWP + (Baseline cost X - BCWP) / CPI [Assume future work performance
does not improve based on cost]

EAC3 = ACWP + (Baseline cost X - BCWP) / (CPI*SPI) This formula considers
both cost and schedule performance.

We present all three data points and a forecasted range of EAC based on
these formulas and then have the Control Account Manager give us their single
best estimate within the range. The dispersion of the data reveals an
element of risk to the EAC to the Program Manager.








--
If this post was helpful, please consider rating it.

Jim

Check out my new blog for more information:
http://www.msprojectblog.com

Dear All,

1 - I cannot find the PCIB & PCIC, could anyone please advise where to find
this Ms. Project?

2 - Could anyone please advise why my CPI = 0 always even the some tasks
have been completed?

3 - Could anyone please advise what are the forecasted cost at completion
(FAC)

Regards,

LG