BCWS BCWP at completion

[Michael]

I don't understand the BCWS and the BCWP results when the task is 100%
complete.

If a task takes 5 days, and has one resource (at $100 / day) assigned
to it.

The Budgeted Cost of Work Scheduled would be $500
The task is complete, and the resource worked 6 days on it, so the
Budgeted Cost of Work Complete should be $500
And the Actual Cost of Work Performed should be $600.

The actual work is there... 6 days.

So why does MSProject say BCWC = 0?

 

[ProjmanZA]

I don't understand the BCWS and the BCWP results when the task is 100%
complete.

If a task takes 5 days, and has one resource (at $100 / day) assigned
to it.

The Budgeted Cost of Work Scheduled would be $500
The task is complete, and the resource worked 6 days on it, so the
Budgeted Cost of Work Complete should be $500
And the Actual Cost of Work Performed should be $600.

The actual work is there... 6 days.

So why does MSProject say BCWC = 0?

BCWC ? Never heard of that , but did you check your status date to be
on the last day of The said task ?

Andre

 

[Michael]

I don't understand the BCWS and the BCWP results when the task is 100%
complete.

If a task takes 5 days, and has one resource (at $100 / day) assigned
to it.

The Budgeted Cost of Work Scheduled would be $500
The task is complete, and the resource worked 6 days on it, so the
Budgeted Cost of Work Complete should be $500
And the Actual Cost of Work Performed should be $600.

The actual work is there... 6 days.

So why does MSProject say BCWC = 0?

OK, I've found that if I save a baseline, then it all suddenly works
as expected. But why do I have to have a baseline? I've got actuals,
I've got budget, baselines should not be required.

The other thing is that it has to be Baseline. Not Baseline 1, Not
Baseline 2, but only Baseline.
Is there some logic to this?

 

[ProjmanZA]

OK, I've found that if I save a baseline, then it all suddenly works
as expected. But why do I have to have a baseline? I've got actuals,
I've got budget, baselines should not be required.

The other thing is that it has to be Baseline. Not Baseline 1, Not
Baseline 2, but only Baseline.
Is there some logic to this?

Yea there is some logic, you need something to measure against hence
the need for a baseline :

BCWS : Budgeted cost of work schedule -- Baseline Cost
BCWP : Actual Cost

 

[Rod Gill]

Budget is only a hi level thing. Under Tools, Options, Calculation tab click
the Earned Value button. Now you can choose which baseline is used to
calculate EV.

--

Rod Gill
Microsoft MVP for Project

Author of the only book on Project VBA, see:
http://www.projectvbabook.com

OK, I've found that if I save a baseline, then it all suddenly works
as expected. But why do I have to have a baseline? I've got actuals,
I've got budget, baselines should not be required.

The other thing is that it has to be Baseline. Not Baseline 1, Not
Baseline 2, but only Baseline.
Is there some logic to this?

Yea there is some logic, you need something to measure against hence
the need for a baseline :

BCWS : Budgeted cost of work schedule -- Baseline Cost
BCWP : Actual Cost

 

[salgud]

Yea there is some logic, you need something to measure against hence
the need for a baseline :

BCWS : Budgeted cost of work schedule -- Baseline Cost
BCWP : Actual Cost

BCWS is Budgeted Cost of Work Scheduled. You don't subtract anything.
BCWP is Budgeted Cost of Work Performed
ACWP is Actual Cost of Work Performed (Actual Cost)

 

[Steve House]

The budget by definition is your projected cost, once you projections have
been approved by senior managment. It is NOT the amount that you're allowed
to spend, it's the amount you think you WILL spend. Those values are stored
in the baseline so until you save the baseline, in a very real sense you
don't have a budget.

Baseline Cost = Budgeted Cost
Costs for Work Completed = Actual Cost
Costs for Work yet to do = Forecast Cost.
--
Steve House [Project MVP]
MS Project Trainer & Consultant
Visit http://project.mvps.org/faqs.htm for the FAQs

I don't understand the BCWS and the BCWP results when the task is 100%
complete.

If a task takes 5 days, and has one resource (at $100 / day) assigned
to it.

The Budgeted Cost of Work Scheduled would be $500
The task is complete, and the resource worked 6 days on it, so the
Budgeted Cost of Work Complete should be $500
And the Actual Cost of Work Performed should be $600.

The actual work is there... 6 days.

So why does MSProject say BCWC = 0?

OK, I've found that if I save a baseline, then it all suddenly works
as expected. But why do I have to have a baseline? I've got actuals,
I've got budget, baselines should not be required.

The other thing is that it has to be Baseline. Not Baseline 1, Not
Baseline 2, but only Baseline.
Is there some logic to this?