Inside Out

Variances calculated from scheduled values

It might seem odd that variances are calculated from scheduled values rather than actual values. However, because the scheduled values incorporate any actual values, it makes sense. And by not requiring actual values to make the calculation, you can see variances in future tasks as well. If you see any large variances projected for future tasks or for the project as a whole, you'll still have time to take corrective action and head off the problems.

Tip Show the Tracking toolbar

Now that you're in the execution phase of your project, you might find it convenient to display the Tracking toolbar. It contains many of the tools you need to quickly review and update task status. Click View, Toolbars, Tracking. You can also right-click an empty spot in the toolbars area and then click Tracking.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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