Project Tutorial 5 - New Perspectives on Microsoft Project...

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New Perspectives on Microsoft Project 2007:  Tracking Progress and Closing the Project
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05/16/11 2 In this tutorial you will: Set a baseline and create an interim plan. Review baseline, interim, actual, and  scheduled dates. Work with the Variance and Tracking  tables. Update and split tasks. Analyze variance, slack, and slippage. Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 3 In this tutorial you will: Create a custom table. Use the Detail and Tracking Gantt  Chart to track progress. Create a custom view and a custom  report. Add progress lines. Close a project.   Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 4 Working with a Baseline baseline  is a record of the scheduled  dates and costs for each task of a project at  a particular point in time. The  baseline  records 20 primary reference  points in five categories: Start dates Finish dates Durations Work Cost Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 5 Working with a Baseline Cont’d Set additional  baselines  to a total of 11  for each project. Help measure changes in the project  plan. Save a separate  baseline  at the end of  each phase to compare planned values  against actual data. Baseline  information is available in  several table views.   Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 Presentations Created by C. Hester - Microsoft Project 2007 by Bunin 6 Save Baseline Dialog Box
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05/16/11 7 Variance variance  is when the baseline data and  actual data differ. It is a good practice to monitor  variance  and  compare actual data with the baseline data  on a regular basis.   The  variance  information will serve as a  guide to better estimate project costs and  dates.   Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 8 Variance Cont’d Baseline dates and costs are used to  calculate the  variance .   The formula for calculating variance is  Variance = Current (date) – Baseline  (date) . Projects  ahead  of schedule have a negative  variance . Projects  behind  schedule have a positive  variance .   Presentations Created by C. Hester - Microsoft Project 2007 by Bunin
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05/16/11 Presentations Created by C. Hester - Microsoft Project 2007 by Bunin 9 Variance Table
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05/16/11 10 Interim Plan An  interim plan  is a set of start and  finish dates that you can save  periodically as your project progresses. Interim plans
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This note was uploaded on 05/16/2011 for the course EM 550 taught by Professor Siddiqi during the Spring '10 term at King Fahd University of Petroleum & Minerals.

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Project Tutorial 5 - New Perspectives on Microsoft Project...

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