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Project by Variance and Performance Portlet

You can evaluate a project in terms of schedule and budgeted cost variance on the phase or task level using the Project by Variance and Performance portlet that displays on the Project Dashboard page. This portlet displays a list of the key tasks and details such as the planned value, actual cost, earned value, planned finish date, and percent complete.

You can view project-specific task data from the following columns on this portlet:

Task

Displays the task name. Use the task name link to open the task.

Start

Displays the date for starting the task. The value for the field is derived from the Start field on the task properties page.

End

Displays the date for completing the task. The value for this field is derived from the Finish field on the task properties page.

Days Late

Displays the number of days the project or the key task is late, based on the following formula:

Days Late = Current Due Date - Baseline Due Date

% Complete

Displays the percent of work completed for partially completed tasks. The value for this field is from the % Complete field on the task properties page.

Actual Cost

Displays the actual cost (AC) at the task level, which is the total cost incurred and recorded in performing the project work, or work breakdown structure component. The actual cost is the total cost incurred in performing the work that the EV measured.

Planned Value

Displays the planned value (PV) is a system-calculated value representing the Budgeted Cost of Scheduled Work (BCWS). PV is the authorized budget assigned to the project work not started, or a work breakdown structure component. The total planned value for the project is also known as Budget At Completion (BAC).

PV is calculated based on the following formula:

Planned Value (PV) = Sum of BAC through a point in time

Earned Value

Displays the earned value (EV) is system-calculated and represents the Budgeted Cost of Work Performed (BCWP). EV is the value indicated in the the approved budget for project work performed, or work breakdown structure component.

EV is calculated using the following formula:

Earned Value (EV) = Budget At Completion (BAC) for a task x % Complete

Cost Variance

Displays the cost variance (CV), which is the value of work accomplished as against the amount spent to date.

CV is calculated using the following formula:

Cost Variance (CV) = Earned Value (EV) - Actual Cost (AC)