Earned value against the baseline

Three lines drawn on one picture: planned value from the baseline, earned value and actual cost at the data date, and what SPI and CPI below one mean; then the Cost summary with and without a baseline, the header's CPI and SPI, an activity's Earned value block in Details, Progress, and the Cashflow panel's EARLY BASE beside earned and actual.

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Spending money is easy; spending it on the right work at the right time is the trick. Earned value checks both.

Planned value is the baseline's cost spread over time; at the data date, the work that should be done. Earned value is the budget of the work actually done. Below the plan, SPI is under one: behind.

Actual cost is what that work really cost. Above earned value, CPI is under one: over budget. With no baseline, planned value falls back to the current plan, greyed: here, no SPI at all.

So pin one first: Schedule, Baselines. The active baseline supplies planned value for everything that follows. Resources, Cost summary: planned, earned, actual, the variances, both indexes, and the efficiency needed to finish on budget.

The header keeps the two that matter most in sight: CPI for cost, SPI for schedule. Details, Progress shows the same numbers for one activity, under its percent complete.

And in the Cashflow panel, EARLY BASE is the planned curve, drawn beside earned and actual.

That was earned value. Next in the Guide: usage, and what happens when one crew is booked twice.

Taken from the video’s English captions.

THE SERIES Beta All 55 Scheduler videos, in order, 96 min 39 s end to end.

  1. 1The Scheduler in five minutesRunning time 2:50
  2. 2New to schedulingRunning time 4:14
  3. 3You know Microsoft ProjectRunning time 4:01
  4. 4New to scheduling on a P6 projectRunning time 4:16
  5. 5You know P6Running time 4:09
  6. 6Adding the Scheduler to a Basic accountRunning time 1:07
  7. 7Viewer or editor: which one you haveRunning time 1:41
  8. 8Open a scheduleRunning time 1:48
  9. 9New schedule and your defaultsRunning time 1:49
  10. 10Adding and deleting activitiesRunning time 0:56
  11. 11Indent, outdent and the WBSRunning time 0:44
  12. 12Durations and the sheetRunning time 1:19
  13. 13Drag a bar; undo and redoRunning time 0:50
  14. 14Milestones and activity typesRunning time 0:35
  15. 15The Details panelRunning time 0:47
  16. 16Editing activitiesRunning time 2:16
  17. 17Schedule options and settingsRunning time 2:16
  18. 18CalendarsRunning time 1:51
  19. 19Links: relationships, lags and leadsRunning time 2:01
  20. 20Constraints and datesRunning time 1:56
  21. 21Scenario 1 · a Microsoft Project file, Simple modeRunning time 1:58
  22. 22Scenario 2 · a Microsoft Project file, Full modeRunning time 2:29
  23. 23Scenario 3 · a P6 file, Simple modeRunning time 1:49
  24. 24Scenario 4 · a P6 file, Full modeRunning time 3:02
  25. 25How scheduling worksRunning time 1:48
  26. 26Switch engine: Standard and AdvancedRunning time 1:40
  27. 27Links: the four types, lag and leadRunning time 1:02
  28. 28Links by shorthandRunning time 0:47
  29. 29Links by nameRunning time 0:36
  30. 30Logic lines and off-screen partnersRunning time 0:33
  31. 31Columns, views, sort, filter and searchRunning time 2:13
  32. 32Columns and presetsRunning time 0:46
  33. 33Views, sort, filter and findRunning time 1:18
  34. 34The GanttRunning time 1:53
  35. 35Updating progress yourselfRunning time 1:54
  36. 36Resources, costs and the live cashflowRunning time 2:12
  37. 37Resources and assignmentsRunning time 1:01
  38. 38Costs and the live cashflowRunning time 1:19
  39. 39Curves and periodsRunning time 1:09
  40. 40Earned value against the baselineWatchingRunning time 1:20
  41. 41Usage and over-allocationRunning time 1:06
  42. 42Working with others: one editor at a timeRunning time 1:51
  43. 43Sharing and live linksRunning time 1:58
  44. 44Saving, Save as and recoveryRunning time 1:49
  45. 45Analysis copies and revertRunning time 1:13
  46. 46The update processRunning time 2:16
  47. 47Exports, print and Excel in and outRunning time 2:03
  48. 48Run analysis, compare and baselinesRunning time 2:20
  49. 49Exports and printRunning time 1:06
  50. 50Excel in and outRunning time 1:06
  51. 51Scheduling that survives the siteRunning time 1:47
  52. 52Logic, lags and leads: the practiceRunning time 1:50
  53. 53You were sent a schedule linkRunning time 1:18
  54. 54The viewer with a Basic planRunning time 1:28
  55. 55You were asked for an updateRunning time 1:13
Four ways inGetting inBuildSchedule itLook at itCostsShare and updateFiles and exportArticlesYou were sent something Minutes, end to end: 96 min 39 s
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