Progress Reporting

[PK Consulting]

I would like to use one of the MS Project tools to report an "earned value"
type of metric, e.g., track hours by deliverable just like I'd track a budget
with the earned value capability. For example, if I had a 100 hour project,
and 5 deliverables that required 20 hours each to complete, and I completed
the first 2, I would have "earned" 40 hours against the planned hours. I can
do this manually, or with excel, but I'm hoping MS Project has a feature that
allows me to do this.

PK Consulting

 

[JulieS]

Hello PK Consulting,

MS Project calculates earned value for you as long as the following are
true:

Task have resources assigned therefore there is work.
Resource assigned to tasks have standard rates. The rates can be as
little as $1.00 per hour.
A baseline has been saved.
Tracking (actual data) has been applied to the project plan.

There is an Earned Value table which shows:
BCWS, BCWP, ACWP, SV, CV, EAC, BAC, and VAC.

There is also an Earned Value Schedule Indicator table and an Earned
Value Cost Indicators table. Help in MS Project is fairly
comprehensive, but please feel free to post any follow up questions you
may have.

I hope this helps. Let us know how you get along.

Julie
Project MVP

Visit http://project.mvps.org/ for the FAQs and additional information
about Microsoft Project