Microsoft Office Tutorials and References
In Depth Information
Up to now, you’ve identified schedule and budget variance in a task view and budget
variance in a resource view—each an important measure of project status. This is a good
time to remind yourself that the final qualifier of project status is not the exact formatting
of the data in Project, but the needs of your project’s stakeholders. Determining what these
needs are requires your good judgment and communication skills.
CLEAN UP Close the Reporting Status file.
▪ Schedule variance is caused by tasks that have slipped from their planned start or
finish dates (as recorded in a baseline). You can use a combination of views, tables,
filters, and reports to identify which tasks have slipped and caused variance.
▪ Schedule and cost variance are closely related—if a plan has one, it likely has the
other. As with schedule variance, you can apply a combination of views, tables, filters,
and reports to locate cost variance.
▪ You can use formulas and graphical indicators in custom fields to create a highly
customized view, such as a stoplight view, to communicate key project health
indicators to your stakeholders.