Project 2016 Intermediate

Lesson – Assigning Costs

Project 2016

Variance , Actual , and Remaining field for each task when you apply the Cost table to the Gantt chart. The following table describes each of these fields in detail:

Field

Description

Costs that remain constant regardless of a task’s duration or the resource assigned to it. Accrual method for calculating fixed costs. Prorated is the default, but you can also select Start or End .

Fixed Cost

Fixed Cost Accrual

Total Cost

Total scheduled cost for a task.

Baseline

Total costs planned for a task.

Variance

The difference between the baseline cost and the scheduled (total) cost. Once a project baseline is saved, a negative variance number indicates that the cost is under budget and a positive variance number indicates the cost is over budget.

Actual

Total cost actually incurred for a task.

Total costs that will be incurred to complete a task as scheduled.

Remaining

Depending upon where you are in your project, some of these fields may not reflect cost information. For example, until you save a project baseline, the Baseline field will not display costs.

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