monetary difference between the current progress and the baseline
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From: ks2008 on 6 May 2010 01:29 Dear All, Review the question below. I though the correct answer is "CV". In fact the correct answer is "SV" May be I don't understand the question. Could you you explain what we mean by, "monetary difference between the current progress and the baseline plan of a particular task based on cost" ? Thanks KS Question: ============ You are working on a project in MS Project. You want to view the exact monetary difference between the current progress and the baseline plan of a particular task based on cost. Which earned value field should you use to view the required details ?
From: Ammar Al-Saket on 6 May 2010 02:50
Hi KS, Think about it like that; if you perform a task and it costs you the same amount as budgeted then the Cost Variance (CV) is zero, however, if it was performed later than scheduled (say one week late), then Schedule Variance (SV) is the monetary value of the time delay (in this case one week). Remember that (SV=BCWP−BCWS). the question you mentioned is asking about the value of "Progress difference" not about the value of "Cost difference" Hope that helps A. Al-Saket "ks2008" wrote: > Dear All, > Review the question below. > > I though the correct answer is "CV". In fact the correct answer is "SV" > May be I don't understand the question. > Could you you explain what we mean by, "monetary difference between the > current progress and the baseline plan of a particular task based on cost" ? > > Thanks > KS > > > Question: > ============ > You are working on a project in MS Project. You want to view the exact > monetary difference between the current progress and the baseline plan of a > particular task based on cost. > Which earned value field should you use to view the required details ? > |