Reviewing Earned Value Data

To study and analyze project performance, you can apply one of three earned value tables to a sheet view. You can run the Earned Value report. You can also add selected earned value fields to any sheet view.

Working with Earned Value Tables

With a baseline saved and actuals entered, you can evaluate current cost and schedule performance through earned value. To review your earned value information in a view, do the following:

1 Click View, More Views. Click Task Sheet and then click Apply.

2 Click View, Table, More Tables. The More Tables dialog box appears.

3 In the Tables list, click Earned Value, and then click Apply.

The earned value data for your project displays (see Figure 13-2).

Task Name

BCWS

BCWP

ACWP

sv

cv

EAC

BAC

VAC

1

E3 Initial Hew Product Screening Stage

$2,520.00

$2,520.00

$2,950.00

$0.00

($430.00)

$2,950.00

$2,520.00

($430.00)

2

New product opportunity identified

$0.00

$0.00

$150.00

$0.00

($150.00)

$150.00

$0.00

($150.00)

3

Describe new product idea (1-page writter

$560.00

$560.00

$700.00

$0.00

($140.00)

$700.00

$560.00

($140.00)

4

Gather information required for go/ho-go d

$1,680.00

$1,680.00

$1,750.00

$0.00

($70.00)

$1,750.00

$1,680.00

($70.00)

5

Convene opportunity of screening committt

$280.00

$280.00

$350.00

$0.00

($70.00)

$350.00

$280.00

($70.00)

6

Decision point - goiho-go to preliminary invi

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

7

B Preliminary Investigation Stage

$43,560.00

$43,560.00

$44.310.00

$0.00

($750.00)

$44,310.00

$43,560.00

($750.00)

8

Assign resources to preliminary investigati

$320.00

$320.00

$320.00

$0.00

$0.00

$320.00

$320.00

$0.00

9

Develop preliminary investigation plan

$3,000.00

$3,000.00

$3,000.00

$0.00

$0.00

$3,000.00

$3,000.00

$0.00

10

Evaluate the market

$2,800.00

$2,800.00

$2,800.00

$0.00

$0.00

$2,800.00

$2,800.00

$0.00

11

Analyze the competition

$1,400.00

$1,400.00

$1,400.00

$0.00

$0.00

$1,400.00

$1,400.00

$0.00

12

S Technical Feasibility Analysis

$6,000.00

$6,000.00

$7,400.00

$0.00

($1,400.00)

$7,400.00

$6,000.00

($1,400.00)

13

Produce lab scale product

$2,800.00

$2,800.00

$4,200.00

$0.00

($1,400.00)

$4,200.00

$2,800.00

($1,400.00)

14

Evaluate internal product

$1,400.00

$1,400.00

$1,400.00

$0.00

$0.00

$1,400.00

$1,400.00

$0.00

15

Identify production process steps requ

$1,800.00

$1,800.00

$1,800.00

$0.00

$0.00

$1,800.00

$1,800.00

$0.00

16

Assess manufacturing capabilities

$5,600.00

$5,600.00

$4,200.00

$0.00

$1,400.00

$4,200.00

$5,600.00

$1,400.00

17

Determine safety issues

$2,800.00

$2,800.00

$2,800.00

$0.00

$0.00

$2,800.00

$2,800.00

$0.00

18

Determine environmental issues

$5,600.00

$5,600.00

$5,600.00

$0.00

$0.00

$5,600.00

$5,600.00

$0.00

19

Review legal issues

$6,000.00

$6,000.00

$6,750.00

$0.00

($750.00)

$6,750.00

$6,000.00

($750.00)

20

Perform financial evaluation

$2,400.00

$2,400.00

$2,400.00

$0.00

$0.00

$2,400.00

$2,400.00

$0.00

Figure 13-2. Use the Earned Value table to review earned value fields.

Tip Review earned value by resources

To analyze earned value data by resources instead of tasks, show the Resource Sheet. Click View, Table, More Tables and then click Earned Value.

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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