Earned Value Performance Portlet of the Workspace Page

Overview

The Earned Value Performance portlet displays both current and forecast earned value schedule variance (SV), cost variance (CV), and labor unit variance calculations. Negative values indicate unfavorable performance. Status indicators help you gauge whether a variance is within an acceptable range or whether you will need to take corrective action, based on the thresholds you define.

Screen Elements

Legend

Key to performance threshold indicators. Use these visual indicators to quickly scan values based on thresholds you define:

  • "" Critical: Indicates that a WBS, project, or portfolio requires significant corrective action.
  • "" Warning: Indicates that a WBS, project, or portfolio needs attention and is performing below expectations.
  • "" Acceptable: Indicates that a WBS, project, or portfolio is performing within an expected range.
  • "" Exceptional: Indicates that a WBS, project, or portfolio is exceeding expectations.

To Date area:

Schedule field

Calculated as: Earned Value Labor Units minus Planned Value Labor Units

The variance percentage is calculated as: (Earned Value Labor Units minus Planned Value Labor Units) divided by Planned Value Labor Units.

Labor Units field

Calculated as: Earned Value Labor Units minus Actual Labor Units

The variance percentage is calculated as: (Earned Value Labor Units minus Actual Labor Units) divided by Earned Value Labor Units.

Forecast at Completion area:

Schedule field

Calculated as: Budget At Completion multiplied by Schedule Variance Index

Where Schedule Variance Index equals Schedule Variance divided by Planned Value Labor Units

The variance percentage is calculated as: (Budget At Completion multiplied by Schedule Variance Index) divided by Budget At Completion.

Labor Units field

Calculated as: BAC Labor Units multiplied by Cost Variance Index

Where CVI equals CV divided by Earned Value Labor Units

The variance percentage is calculated as: (BAC Labor Units multiplied by CVI) divided by BAC Labor Units.

Tips

  • In the Project Workspace, the Earned Value Performance portlet calculates and displays data in cost or labor units based on the option selected in the Project Performance section of the Customize Workspace page.
  • Project Workspace portlets display data for the selected project only. When multiple projects are open, you must select the project you want to work with from the Select Project box at the top right of the Workspace page. When a single project is open, the Select Project box does not appear.

Getting Here

  1. Click "" Projects.
  2. On the Projects navigation bar, click "" Workspace.
  3. On the Workspace page, expand the Earned Value Performance portlet.

Related Topics

Project Performance Section of the Content Tab of the Customize Workspace Page

About Earned Value

Customizing Project Workspace


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