I*PMIS Description
The burn down chart is accessible for all projects and portfolios, regardless of whether a Scrum Sprint is in progress. This chart is created using a generator dialog that gathers numerical data from the initial baseline plan, the present forecast, and actual figures, producing the chart automatically. You have the option to format the chart in either hours or monetary values. Similarly, the earned value chart is also available for every project and portfolio, with its generator dialog functioning in the same way, pulling data from the baseline plan, current forecast, and actuals to create the chart. The choice between hours or dollars for this chart is also available. Additionally, labor variances are computed for your convenience. These calculations include the hourly unit cost variance, the total unit cost variance, the hour variance, the total hours cost variance, and the overall labor variances, which are determined by comparing actuals with both the original plan and the baseline budget, ensuring you have a comprehensive understanding of your project's financial health. This data-driven approach enables project managers to make informed decisions and adjustments as needed.
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