EVM in MS Project
- 1. Earned Value Measurement in MS Project Jeff Smoot 1
- 2. EVM in MS Project Earned Value Management (EVM): A management methodology for integrating scope, schedule, and resources, and for objectively measuring project performance (earned value) and comparing it to the actual cost of work performed (actual cost) – PMI PMBOK, 4th Edition, pg. 433 2
- 3. EVM in MS Project • How do we go from this…. Source: EMEN5030 10/24/05 Lecture, Bob Kois 3
- 4. EVM in MS Project • To this…. 4
- 5. EVM in MS Project • Steps to view Earned Value in MS Project – Set Baseline – Set Status Date – Preconfigured Tables – Generate Earned Value Over Time Report Assuming all work packages, resources, and resource usage has been input into MS Project 5
- 6. Set Baseline • MS Project uses the Baseline as the basis for the Planned Value (PV) calculation • In the Project View, Set a Baseline for the project. 6
- 7. Set Baseline • Planned Value (PV) for TrackMyFitness Project 7
- 8. Set Status Date • A snapshot in time of current project performance. • In MS Project, set the status date to the desired date to review project progress. Due to nature of Earned Value Calculation, the status date will affect displayed data 8
- 9. Preconfigured Tables • MS Project has 3 preconfigured views for reviewing Earned Value in table format. – Earned Value • PV (BCWS), EV (BCWP), AC (ACWP), SV, CV, EAC, BAC, VAC – Earned Value Cost Indicators • CV%, CPI, TCIP – Earned Value Schedule Indicators • SV%, SPI Each individual table can be further customized. 9
- 10. Earned Value Table 10
- 11. Generate EV Over Time Report • MS Project has a preconfigured Earned Value Over Time Report. • In the Project View, select Visual Reports, then Earned Value Over Time Report from the pop-up 11
- 12. Pivot Table In addition to EV, PV, AC the pivot table allows you to view multiple other project metrics 12
- 13. EV Over Time Report An easy graphical summary of project status 13
Editor's Notes
- #6: All work packages from WBS put into MS project. Calendars entered. Resources (costs) entered for each task