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Calulating variance

Resolved · Low Priority · Version 2003

Reply Mon 22 Sep 2008, 16:56Delegate Pauline said...

Pauline has attended:
Project Management course

Calulating variance

what are the 3 basic measurements of calculate project estimates.

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Reply Thu 25 Sep 2008, 17:12Trainer Andrew said...

RE: calulating variance

Hi Pauline

Thanks for your question. Three variables that assist in calculating variance are:

EAC - estimated at completion (Actual cost of work performed plus estimated cost of remaining work)
BAC - budget at completion (baseline)
VAC - variance at completion (BAC-EAC)

I hope this helps - let us know if you have any further questions.

Kind regards,
Andrew

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Sometimes it is useful to be able to switch off this function, and then can be done by the following method.
Hold down the SHIFT key when you click on the icon to start the program. This will suppress any automated macros.

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