The Cost Variance assignment fields show the difference between the baseline cost and total cost for a task, resource, or assignment. The total cost is the current estimate of costs based on actual costs and remaining costs.

The Work Variance field contains the difference between baseline work of a task, resource, or assignment and the currently scheduled work. There are several categories of Work Variance fields. Data Type Duration. Work Variance (task field) Entry Type Calculated

The Start Variance field contains the amount of time that represents the difference between a baseline start date of a task or assignment and its currently scheduled start date. There are several categories of Start Variance fields.

If you’ve saved a baseline in your project, Microsoft Project allows you to analyze five types of variance: Duration Variance, Start and Finish Variance, Work Variance, and Cost Variance. The formula for calculating variance is straightforward.

Sep 4, 2019 · The variance analysis is a key task for the Project Managers so they can better manage the project efficiently and also help leadership understand the status of the project and its path to recovery. Here is a high-level typical project plan view from MS Project Schedule, that follows the standard SDLC.

Learn how to calculate percent of variance in finish, cost or work for your projects in Microsoft Project using a simple formula.

May 28, 2010 · Here is another choice: Project cacluates the variance fields (ie: Start Variance, Finish Variance, Duration Variance, Cost Variance.....) against the baseline that is used for Earned Value calculations.

In this blog post, I’ll guide you through the process of creating a custom field in Microsoft Project that will help you calculate Percent Duration Variance for each task. This handy feature allows you to easily understand and visualize how your project tasks are progressing in relation to their Baseline Duration values.

You can control variance project for various parameters. The most common parameters: duration variance and cost variance. Steps to add the custom column " Variance control " in MS Project Pro:

In this article, I will address how to analyze variance on only the Fixed Cost and Fixed Cost Accrual fields, but you should be able to use this information to create custom fields to analyze the other types of minor variance.