Microsoft Office Tutorials and References
In Depth Information
Examining task costs
In this table, you can see each task’s baseline cost, scheduled cost (in the Total Cost
column), actual cost, and cost variance. The variance is the difference between the
baseline cost and the scheduled cost. Of course, costs aren’t scheduled in the same
sense that work is scheduled; however, costs derived from work resources (excluding
fixed costs and costs associated with material and cost resources) are derived directly
from the scheduled work.
Task 0 is the project summary task; its cost values are the project’s cost values, and
they match the values you would see in the Project Statistics dialog box. These values
include the following:
The current total cost value is the sum of the actual (that is, completed) and
remaining (uncompleted) cost values.
The baseline cost value is the project’s planned cost when its baseline was set.
The actual cost is the cost that has been incurred so far.
The remaining cost is the difference between the current cost and actual cost.
Next, you’ll focus on the top-level costs.
On the View tab, in the Data group, click Outline and then click Level 1 .
Project hides all subtasks and nested summary tasks, leaving only the top-level tasks
Looking at the Variance column, you can see that the Design and Production phase
(task 27) accounts for nearly all the project’s variance.
To conclude this exercise, you will use filters to help you zero in on tasks that have
cost variance.
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