Microsoft Project 2021 From Beginners to Advanced - Calculated Custom Field - Part 1

The video tutorial explains how to manage RAG status in a project by first manually entering it and then automating the process using a formula based on cost performance. It covers setting up a cost table, understanding variance, and creating a custom field for automatic RAG status. The tutorial also demonstrates building and refining a formula using the IF function, similar to Excel, to calculate RAG status based on cost variance. Finally, it shows how to make final adjustments and display the RAG Auto status.

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