What is variance in MS project?
Description The Duration Variance field contains the difference between the baseline duration of a task and the total duration (current estimate) of a task. … If the duration variance is a positive number, the task is scheduled to take more time than planned.
How is work calculated in MS project?
How Calculated Microsoft Office Project calculates total task work as the sum of the work that all assigned resources are to perform on a task. This is based on the assignment span, the number of resources assigned, and the assignment units for the assigned resources.
What is the difference between work and actual work in MS project?
The Actual Work fields show the amount of work that has already been done by resources assigned to tasks. … If you enter a value in the Actual Work field for the task, Project divides the actual work you enter among the assigned resources.
What is variance at completion?
Variance at Completion (VAC) is a projection of the budget surplus or deficit. It is expressed as the difference of the Budget at Completion (BAC) to the Estimate At Completion (EAC). This project management concept is the difference between the expected or baseline cost of the project and the current estimated cost.
What is cost variance in MS Project?
The Cost Variance assignment fields show the difference between the baseline cost and total cost for a task, resource, or assignment. The total cost is the current estimate of costs based on actual costs and remaining costs. … If the cost variance is positive, the cost for the task is currently over budget.
How do you write formulas in MS Project?
For Project 2010, click the Project tab, and in the Properties group, click Custom Fields. In the Custom Fields dialog box, click Formula. When you use Microsoft Project, you might need to work with values that do not reside directly in fields. Formulas enable you to work with fields to create these new values.
What is tracking Gantt chart?
A tracking Gantt chart allows you to compare two sets of dates for a specific activity. It allows you to track activity progress against the original plan. For example, the tracking Gantt chart allows the comparison between two sets of dates such as baseline and actuals. … Click the Tracking Gantt Chart tab.
How do you baseline in MS Project?
Set a baseline for your project
- Open your project for editing.
- Go to Schedule in the Quick Launch, then on the Task tab, in the Editing group, click Set Baseline, and then click the numbered baseline you want to use for the current project data.
What is the difference between duration and work?
Duration is the length of working time between the start and finish of a task. … Work is the amount of effort, measured in time units (like hours or days), that a resource needs to complete the task. The total work for a task is the sum of all those time units, no matter how many resources are assigned to the task.
What is the difference between fixed units and fixed duration?
The difference between fixed units and fixed duration can be seen when modifying the units and work for a task. For Fixed units tasks, when revising units and work -duration is recalculated. For fixed duration tasks, when revising units – work is recalculated and when revising work-units are recalculated.
What does units mean in MS Project?
In Project “units” is basically a warm body, or full-time equivalent person for a labor type resource or a quantity of material (e.g. boxes of nails) for a material type resource.
How do you calculate work complete?
Percent Complete is a measure based on duration and Percent Work Complete is based on work. The two fields are calculated as follows: Percent Complete = Actual Duration/Duration (PC=AD/D) Percent Work Complete = Actual Work/Work (PWC=AW/W)
How do I update work progress in MS Project?
On the Project tab, in the Status, group, choose Update Project. In the Update Project dialog box, choose Update work as complete through, and then type or select the date through which you want progress updated.
How do you actualize dates in MS Project?
Update actual start and finish dates
In the Schedule group, click the arrow on Mark on Track, and then select Update Tasks. The Update Tasks dialog appears. Under Actual, enter the new dates in the Start and Finish boxes.