baseline cost report
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Faisal,
The ’Baseline Cost Report’ is a bar chart that allows you to easily compare the actual and planned costs, with the baseline costs of your project and communicate them to sponsors / boards / stakeholders etc as required.
It is a snapshot in time, that allows you to see how the project measures up financially with what you originally thought the project was going to cost (baseline / budget), the cost of the project as you currently see it (planned / scheduled) and how much it has cost to date (actual).
They are shown as seperate bars (I think you can also compare work as well) on a horizontal or vertical axis.
Obviously to make this work you need a fully resourced, up-to-date schedule in which you track your actuals (i.e. costs that have been incurred).
It is a Visual Report which is new feature in MS Project 2007.
Regards,
Darren
thanks darren but ur reply is not clear i have asked what is the meaning of base line cost report
Hi Faisal,
Are you using MS Project 2007?
From what I’ve seen, in 2k7 you have something called Visual Reports, of which the Baseline Cost Report is one. You can export to Excel 2007 or Visio 2007 and compare actual, planned and baseline work / costs.
I believe it’s in the form of a PivotChart / Table / Diagram so you can view the information in a variety of ways (project, phase, month, quarters etc.).
I’ve only seen a trial version as I don’t use 2k7 myself... mainly due to the multitude of bugs associated with the application.
Regards,
Darren