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changes.mady.by.user Rashmi Likhite

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changes.mady.by.user Sanket Pai (Unlicensed)

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  1. % Complete (Planned)
    It is calculated as (Hours (Est) of a task / number of working hours passed) )calculated based on the task's planned start and finish dates, and the current date. 
    For instance, if Task1 has 2 days duration (Friday and Monday) and if today is Monday morning then the Planned % Complete will be 50% as 8 working hours are passed. The hours passed depends on the server time.
     
  2. Actual Cost of Work Performed (ACWP)
    It is calculated as (Hours (Actual) * User Cost Rate )
    Displays the actual cost of work performed that has been done till date.

  3. Budgeted Cost of Work Scheduled (BCWS)
    It is calculated as   (% Complete (Planned, Baseline) * Budget (Baseline))
    Displays the budgeted cost of work scheduled for a given period. For example, a project starts on the 1st and gets over on the 10th of a month. If the budget is $1000, then on 3rd day of the same month, ideally 30% of the task should get completed and $300 should have been spent. Therefore, on the 3rd days the BCWS would be $300. 
      
  4. Budgeted Cost of Work Performed (BCWP)
    It is calculated as (% Complete x Budget (Baseline))
    Displays the budgeted cost of work performed. This is the planned (not actual) cost to complete the work to date. For instance, a project starts on the 1st and gets over on the 10th of a month. If the budget of the project is $1000 and if the user has actually completed only 20% of the task till 3rd then the BCWP will be $200.
     
  5. Schedule Variance
    It is calculated as (BCWP-BCWS)
    Displays a comparison between the work performed during a given period of time with what was planned. A negative variance means the project is behind schedule. 

  6.  Cost Variance
    It is calculated as (BCWP-ACWP)
    Displays a comparison between the budgeted cost of work performed with the actual cost. A negative variance means the project/task is over budget.

  7. Schedule Performance Index (SPI)
    It is calculated as (BCWP/BCWS)
    SPI less than 1 means project / task is behind schedule. 
     
  8. Cost Performance Index (CPI)
    It is calculated as (BCWP/ACWP )
    CPI less than 1 means project/task is over budget.