From the course: Microsoft Project 2016 Essential Training

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Using earned value

Using earned value

From the course: Microsoft Project 2016 Essential Training

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Using earned value

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- Earned value analysis measures performance based on how much of the project cost you've earned by completing work. Earned value converts costs and work progress into dollars. So you can see cost and schedule performance side by side. Well you need a couple of things to do earned value analysis. The first thing you need is a baseline, because you're comparing performance to the plan. We go to the Project tab, click Set Baseline, and choose Set baseline. And here you can see that there's a baseline saved, because you can see the date it was saved on. So we've got the first part. I'll click Cancel here. The second thing you need is a status date. Because earned value looks at work completed through the status date. Well here on the Project tab, you can also see that there's a status date. So basically, we're all set to do earned value analysis. Well to look at earned value, go to the Report tab. Click Cost, and then choose Earned Value Report. In this chart, planned value is called…

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