Converter to open MSP 2007 file in MSP 2003

Download Microsoft Office Project 2003 Service Pack 3 from Microsoft site

Converters for opening Office Project 2007 files are provided as part of Microsoft Office Project 2003 Service Pack 3 (SP3)

MS Project Tips from Critical Tools site

25 Microsoft Project Tips and Tricks

1. In the Gantt Chart, doubleclick on the right edge of a column header to "best fit" the column.
2. To quickly change the name of a column, doubleclick in the column header and enter a new name for the field in the Title field. For example, you may want to abbreviate the Duration field name to Dur to allow the field to be narrower.

Refer Critical tools site for more...

Earned Value measurement using MS Project

1. Create a project by listing the activities (WBS), enter durations, define dependencies along with appropriate leads and lags etc.
2. Define resources with Standard Rate in Resource Sheet. Assign value $1 if resource costs are not to be shared
3. Assign resources to each activities.
4. Baseline the Project to get BAC i.e., baseline cost/Budget At complete/total project cost
5. During tracking stage, as you update the progress values (update Actual Start, Actual Finish, Remaining work values instead of updating %complete value)
6. In order to examine the EVM values, refer View --> Table --> More Tables --> Earned Value / Earned Value with Cost Indicators / Earned Value with Schedule Indicators tables by setting the Status Date (Project --> Project Information --> Status Date)