Microsoft Office Tutorials and References
In Depth Information
The second setting in the Earned Value dialog box is the Baseline for Earned
Value Calculations drop-down list. As I mention earlier, earned value is the
value of work completed, expressed in dollars, according to the baseline: A
$2,000 task at 50 percent complete (for example) has a $1,000 earned value of
work performed. Therefore, the baseline against which you calculate this
value is hugely important. Choose any of the 11 possible baselines you may
have saved in your project here. After you make these two choices, click
Close to close the Earned Value dialog box.
You should explore one more option in the Options dialog box that concerns
earned value calculation. The Edits to Total Task % Complete Will Be Spread
to the Status Date option, which is not selected by default, affects how
Project distributes changes in your schedule. If this option is left deselected,
calculations go to the end of the duration of tasks in progress, rather than up
to the status date or the current date. If you do select this option,
calculations spread changes across your plan up to the status date or the current
date, and no farther. Selecting this choice helps you see changes to your
project in increments of time, rather than across the life of tasks in progress.
If I were you, I’d leave the Edits to Total Task % option not selected for the
most accurate reflection of progress on your project.
How many critical paths are enough?
The last group of settings on the Calculation tab of the Options dialog box
concerns critical path calculations.
The Inserted Projects Are Calculated Like Summary Tasks option is
straightforward. If you insert another project as a task in your project, having this
setting selected allows Project to calculate one critical path for your entire
project. If you don’t select it, any projects you insert are treated like
outsiders — that is, they’re not taken into account in the master project’s
critical-path calculations. If an inserted project won’t have an effect on your
project’s timing, you may want to clear this option.
If following one project’s critical path is too tame for you, try getting critical
with multiple paths. By selecting the Calculate Multiple Critical Paths option,
you set up Project to calculate a different critical path for each set of tasks in
your project. Doing so can be helpful if you want to identify tasks that, if
delayed, will cause you to miss your final project deadline or the goals of a
single phase in your project.