% of earned value vs. % of actual costs.

[tralbert]

I am working on a project for my class in MS Project, and have the following
adjustments that have to be made.
1. At the end of schedule day 20, you are half complete with the tasks you
scheduled for Month I.
2. Actual Cost of Work Performed is 90% of the Budgeted Cost of Work
Scheduled (PV) for the tasks undertaken in Month I.

I know this means I'm behind schedule and over budget. In the tracking table
of the tracking Gantt chart I have indicated the % Comp. fields for all tasks
in Month I to be 50% complete.

I just do not know how to do part 2 of above. Changing the actual costs to
reflect them as being at 90% of the BCWS.

Any suggestions?

Thanks!

 

[Jack Dahlgren]

1) Find the budgeted cost of the activities (hint: Baseline)
2) Set the actual cost for the activities to be 90% of that (You can figure
this out)

Good luck!

-Jack Dahlgren

 

[tralbert]

I put in the AC manually (easy enough to figure out).

I set the baseline, but am not understanding about how you find the budgeted
costs. Even though I've set a baseline I'm not seeing any numbers in the PV
or EV fields.

Thanks!

 

[Dave]

I put in the AC manually (easy enough to figure out).

I set the baseline, but am not understanding about how you find the budgeted
costs. Even though I've set a baseline I'm not seeing any numbers in the PV
or EV fields.

Thanks!

Have you got resources on the plan with non-zero costs attributed to them?

 

[Jim Aksel]

You need to set a status date: Project/Project Information...

You should back out your progress and your Actual Costs. Set the status
date to the first day of the program. Now set your baseline. Reset the
status date to the appropriate month end value. You should now see Planned
Value (PV or BCWS). Now enter your %Complete and Actual Costs. You should
see values in the AC (ACWP), and EV (BCWP) fields.
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Jim Aksel, MVP

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