MS Project - Earned Value Analysis - Example 1 - Assign Resource to Tasks

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In this video an example is used to show how to do earned value analysis using Microsoft Project of MS Project. In the example resources are assign to tasks in order to generate the project cost (i.e. baseline cost)

The following steps are followed:
Step 1: Assign resources to tasks
Step 2: Switch off “Actual cost are always calculated by Project”
Step 3: Set Earned Value options for the project
set default task Earned Value method (% completed)
set baseline for Earned Value calculations
Step 4: Set project baseline
Step 5: Set the project status date
Step 6: Add project progress (% complete & actual cost) to status date
Step 7: Earned Value Tables and Report

Planned Value (PV) = Budgeted Cost of Work Scheduled (BCWS)
Earned Value (EV) = Budgeted Cost of Work Performed (BCWP)
Actual Cost (AC) = Actual Cost of Work Performed (ACWP)