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I did. the only thing you have to do is to activate the visualization then the related columns will be inserted into your view. MS Project makes the calculation for you when you update the progress. In this case take into account that cost must be updated for each task, not only the progress.
Thanks Sergio .. this is very good and easy way to do.
I would suggest getting "some" training on MSP if you are going to use its EV capabilities as there are a few steps which need to be taken to ensure that what is reported is actually what you are expecting to see. Either leverage YouTube videos or read one of Eric Uyttewaal's great books on MSP...
I second Kiron here, there are tons of very useful resources on YouTube that will help you with understanding MSP and it's EV capabilities. Remember, the output is dependent on the inputs and the tools and techniques. In this case, the output will be determined primarily by the techniques since the input and tool have already been identified.
Thank you very much indeed for these useful answers.
@ Kiron: Yes, I remember some surprises if you do not take into account the way MSP calculates duration and work depending on the chosen options.
Have a nice weekend
Agree with Sergio. Its easy to use. You can google it and you will get lots of help
It is 2019 and I would NOT recommend using MS Project for Earned Value by itself. There are several issues with the way Microsoft Project calculates and presents Earned Value. I have tried for about 10 years to work with Microsoft to correct these issues, but have not been able to get the Microsoft elephant to move on it. The issues are:
1) Microsoft Project uses the old terms: BCWP instead of Earned Value, BCWS instead of Planned Value and ACWP instead of Actual Cost.
2) Microsoft Project will NEVER award Earned Value to activities that you complete ahead of schedule. This is a serious error in its Earned Value algorithm, because it allows the project manager to fall behind and it disallows the project manager to catch up with the progress. In simpler words, Microsoft Project makes project managers that want to do Earned Value with Microsoft Project always look bad: You will always see negative SV and CV in Microsoft Project.
3) Microsoft Project does not calculate the Planned Value to the end of the project, so it is very hard to produce a complete Cost Performance Baseline with it. It only calculates the Planned Value up to the Status Date (Data Date).
There are other smaller issues, but these are the big ticket items. I hope this helps! Please, help me raise these issues with Microsoft!
Thank you Eric! Great post. Before trusting a program to compute all your results, verifying that the results are correct is critical, and it sounds like Project has some glitches in this department.
Thank you Eric for sharing very relevant and useful information about MSP.
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