Forum Discussion
Earned Value Management - resource vs cost
I have a query and hoping someone is able to clarify, am I able to utilise plain cost to tasks instead of assigning resources with an hourly charge in order for earned value calculations to work? ...
EmadMelb --
If you want to use the default Earned Value measurements in Microsoft Project, there are a number of requirements which you MUST meet. One of those requirements is creating Work resources and specifying a Standard Rate of at least $1/hour for each resource. Another requirement is assigning the Work resources to tasks in the project, so that Microsoft Project can calculate the cost of each task and assignment. You will also need to save a Baseline when the schedule is completely planned. When you are ready to enter progress, you will also need to specify the Status date for your project (normally the last day of the previous reporting period) and then you will need to manually enter progress as of the Status date. Does that help? Let us know.
If you want to use the default Earned Value measurements in Microsoft Project, there are a number of requirements which you MUST meet. One of those requirements is creating Work resources and specifying a Standard Rate of at least $1/hour for each resource. Another requirement is assigning the Work resources to tasks in the project, so that Microsoft Project can calculate the cost of each task and assignment. You will also need to save a Baseline when the schedule is completely planned. When you are ready to enter progress, you will also need to specify the Status date for your project (normally the last day of the previous reporting period) and then you will need to manually enter progress as of the Status date. Does that help? Let us know.