Microsoft Office Tutorials and References
In Depth Information
Chapter 14
A Project with a View:
Observing Progress
In This Chapter
Seeing what your progress looks like with indicators and taskbars
Seeing progress from various Project views
Examining cost and time variances
Understanding earned value
Modifying calculation options
Some people use Project just to paint a pretty picture of what their project
will entail and then put the plan in a drawer. That’s a mistake. After you
enter all your project data, save a baseline, and then track actual activity on
your project, you get an amazing array of information back from Project that
helps you to stay on time and on budget.
After you track some actual activity on tasks, Project allows you to view
baseline estimates right alongside your real-time plan. Project alerts you to tasks
that are running late and also shows how the critical path shifts over time.
Project also provides detailed budget information. In fact, the information
that you can get about your costs might just make your accounting
department’s heart sing. The information is detailed and uses terms that
accountants love (such as earned value, cost variance, and budgeted cost of work
performed, all translated in a later section of this chapter).
So keep that project file close at hand — and take a look at how Project can
make you the most informed project manager in town.
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