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Types of Variances: The Different Variance Fields in Microsoft Project

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In our last post, we covered the differences between Favorable and Unfavorable Variances. This post will cover the differences between the various Variance Types in Microsoft Project. The below¬†summarizes the variances, how they’re calculated and where they can be viewed: (more…)

Posted in General Project Management, Microsoft Project, Theory | Tagged , , , , , , , , , ,

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How to Isolate Unfavorable Work and Cost Variances in Microsoft Project

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Introduction

Keeping your project under control requires a periodic look for tasks that are not progressing as originally planned. As a first step, you must track progress by entering Actual Work, Remaining work, Actual Start and Actual Finish. Once you have captured this information you’re ready to analyze plan variances–that is: tasks where progress is out of sync with the baseline (original estimates).

(more…)

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