Scheduled Variance

[verossa]

Hi All

Wouldn't the scheduled variance be better represented as a duration of time e.g. days, weeks, months etc. When I export the project this is represented as £ sterling. Or am I missing the point as usual

TIA
Vers

 

[Gérard Ducouret]

Hello Verossa,

The Schedule Variance is the difference between BCWP and BCWS which are
expressed in currency.
For ex: For the end of July, you expected to make a work amount which was
budgeted for 12000 £
At he end of july, you observe that the work done was budgeted for 10000 £ .
10000 £ was the value of the expected work for the end of June.
So you are 1 month late

Hope this helps,

Gérard Ducouret

Hi All,

Wouldn't the scheduled variance be better represented as a duration of

time e.g. days, weeks, months etc. When I export the project this is
represented as £ sterling. Or am I missing the point as usual.

 

[JuileS]

Hi Verossa,
Try viewing/exporting the variance table. It shows start
and finish variances in time durations not as a monentary
unit.
Hope this helps.
Julie

-----Original Message-----
Hi All,

Wouldn't the scheduled variance be better represented as

a duration of time e.g. days, weeks, months etc. When I
export the project this is represented as £ sterling.
Or am I missing the point as usual.

 

[verossa]

Hi Gerard

Hope you're well. Thanks for responding - it makes more sense now

Speak soon :-
Vers

 

[JulieS]

You are most welcome!
Julie

-----Original Message-----
Hi Julie,

Hpe you're well.

Thanks for the tip. I'll try it and see if I can

incorporate this into my project analysis.

 

[Mark Durrenberger]

Yes one of the funny things of EV is that schedule variance is expressed in
currency units
You can approximate a schedule variance in terms of duration units if you
divide the schedule variance by the burn rate (average dollars or pounds or
yen per day you are spending).

You can also project a new project duration using the SPI (schedule
performance index). Divide the original (baseline) duration by SPI.

Remember an SPI less than 1.0 means you are likely behind schedule and
greater than 1.0 means you are likely ahead of schedule.

An SPI of 0.9 means that for every 10 planned schedule days of work, you are
getting 9 schedule days of result.


Mark

--
_________________________________________________________
Mark Durrenberger, PMP
Principal, Oak Associates, Inc, www.oakinc.com
"Advancing the Theory and Practice of Project Management"
________________________________________________________

The nicest thing about NOT planning is that failure
comes as a complete surprise and is not preceded by
a period of worry and depression.

- Sir John Harvey-Jones

 

[verossa]

Hi Mark

Thanks for responding - I appreciate your comments

Vers