Lesson10.6.Checking Cost Variance

Lesson 10.6. Checking Cost Variance

Figure 10-7. Viewing cost variance in Task Sheet view.

By checking cost variance, you can see if there are any tasks that cost more than you budgeted. You can then catch cost overruns before they become serious and adjust your schedule or budget accordingly. Project calculates the cost of each resource's work, the total cost for each task and resource, and the total project cost.

1. Select View Task Sheet from the dialog box and click Apply.

   Now you can see more task fields on one screen.

2. Select View Now let's compare the values in the Total Cost and Baseline fields. Is there any variance between the fields?

3. Look at the Total Cost and Baseline fields for the Prepare art files task, as shown in Figure 10-7.

   There is a variance of $640 between these fields. Notice that the value in the Variance field is in parentheses, which means that the total cost is under the baseline estimate.

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Note: One more thingif you want to see cost variance information for the project rolled up into one task, display the project summary task. Go to Tools Show project summary task checkbox and click OK.

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QUICK REFERENCE

TO CHECK COST VARIANCE:

1. SELECT VIEW

   SELECT VIEW

   CHECK THE VARIANCE FIELD TO VIEW VARIANCE IN THE COST.