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1. On the Tools menu, click Options, and then click the Calculation tab.
2. Click Earned Value.
3. In the Default task Earned Value method box, click the calculation method you want Microsoft Office Project 2003 to use when it calculates the budgeted cost of work performed (BCWP) (BCWP: The earned value field that indicates how much of the task's budget should have been spent, given the actual duration of the task. Note that Project calculates BCWP at the task level differently than at the assignment level.).

   Note  Changing this setting affects only tasks that are added to the task list after the setting is changed; it has no effect on existing tasks. To change the earned value method for existing tasks, select the tasks whose earned value method you want to change, click Task Information , and then click the Advanced tab. In the Earned value method box, click the calculation method you want.

4. In the Baseline for Earned Value calculations box, select the specific set of baseline values you want Project to use when it calculates earned value totals, and then click Close.
5. To see project and task-level earned value totals in tables, on the View menu, click More Views.
6. In the Views list, click Task Sheet, and then click Apply.
7. On the View menu, point to Table, and then click More Tables.
8. In the Tables list, click Earned Value, Earned Value Cost Indicators, or Earned Value Schedule Indicators, and then click Apply.

   Note  To see detailed information about each Earned Value field, point to the field heading.

9. To see a breakdown of the earned value of tasks by period so you can determine the exact date your project will run out of money, on the View menu, click Task Usage.
10. On the Format menu, click Detail Styles, and then click the Usage Details tab.
11. In the Available fields list, select the Earned Value fields you want to display, click Show, and then click OK.

Notes

• You can review timephased (timephased: Task, resource, or assignment information that is distributed over time. You can review timephased information in any available time period in the fields on the right side of the Task Usage and Resource Usage views.) earned value totals graphically by copying values from a Project schedule (schedule: The timing and sequence of tasks within a project. A schedule consists mainly of tasks, task dependencies, durations, constraints, and time-oriented project information.) to a Microsoft Office Excel 2003 workbook. You can then use the Excel Chart Wizard to create charts with your earned value totals.
• If you want to see the values in the earned value fields calculated up through and including a date you specify rather than the current date, on the Project menu, click Project Information. In the Status date box, type or select the date you want Project to use as a status date.