Earned Value Performance Portlet of the Dashboards Page

Overview

Use this portlet to view both current and forecast earned value schedule variance (SV), cost variance (CV), or labor unit variance calculations. Data are calculated and displayed in either costs or labor units, depending on your preference. 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: Schedule field

Determines project performance by calculating the variance between actual and scheduled labor units or cost.

This variance helps address the basic question, "How did we do so far?" It provides concise answers such as 4 days early, No Progress, on schedule, or 12 days late.

For costs, calculated as Earned Value Cost minus Planned Value Cost.

For labor units, calculated as Earned Value Labor Units minus Planned Value Labor Units.

To Date: Labor Units field

Determines project performance by calculating the variance between the actual and the scheduled labor units. This value is accompanied by a convenient visual indicator mapped to performance thresholds you can define.

Calculated as Earned Value Labor Units minus Actual Labor Units.

To Date: Cost field

Determines project performance by calculating the variance between earned value and actual cost.

Calculated as Earned Value Cost minus Actual Cost.

Forecast at Completion: Schedule field

The estimated schedule variance at completion.

For costs, calculated as Budget at Completion multiplied by Schedule Variance Index (SVI). Where SVI equals Schedule Variance divided by Planned Value Cost.

For labor units, calculated as Baseline (BL) Labor Units multiplied by Schedule Variance Index (SVI) Labor Units. Where SVI equals Schedule Variance divided by Planned Value Labor Units.

Forecast at Completion: Labor Units field

The estimated labor units at completion.

Calculated as Baseline (BL) Labor Units multiplied by Cost Variance Index (CVI) Labor Units. Where CVI equals Cost Variance divided by Earned Value Labor Units.

Forecast at Completion: Cost field

The estimated cost at completion.

Calculated as Budget at Completion multiplied by Cost Variance Index (CVI). Where CVI equals Cost Variance divided by Earned Value Cost.

Tips

The Earned Value Performance portlet calculates and displays data in cost or labor units based on the option selected on the Global tab in My Preferences.
You can click a project name in the portlet to display the Earned Value page.
On the Dashboards page, ff a dashboard's Filter by option is set to a portfolio or project code, the portlet lists each project included in the portfolio or project code filter and displays each project's earned value performance data.

Getting Here

From the Dashboards page:

Click Dashboards.
On the Dashboards page, select a dashboard.
On the dashboard, expand the Earned Value Performance portlet.

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