From the course: Microsoft Project 2013 Essential Training

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Looking for cost problems

Looking for cost problems - Microsoft Project Tutorial

From the course: Microsoft Project 2013 Essential Training

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Looking for cost problems

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While a project is underway you need to keep an eye on Costs. Project has Tables, Filters, and Reports that help you look at Project Cost and find Tasks or Resources that cost more than planned. The first place to look is the Cost table, because it shows cost variance. So go to the View tab, click the Tables button, and then choose Costs. Here you can see total cost is the scheduled Costs for tasks. Then there's the baseline and Cost Variance, if it's negative it means that it's under budget. You can see the total cost here is less than the Baseline. You can look for Tasks that are running over budget with a filter. In the Filter dropdown list, choose More Filters, then click Cost Overbudget, and click Apply. Here you see the tasks that have a higher scheduled cost than the baseline. These are the ones with a positive cost variance. Another place to look is Tasks that have more work than planned. To see those, click the down arrow in the Filter box, choose More Filters, and then apply…

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