Advanced Project Management-Measuring Project Performance

Learn earned value management (EVM) by integrating scope, schedule, and cost to measure outcomes, forecast performance, and align against baselines and IBRs.

Explore the work breakdown structure (WBS) as a hierarchical decomposition of project scope into manageable deliverables, with a WBS dictionary, code of accounts, control accounts, and earned value monitoring.

Explore a kitchen renovation WBS from design to demolition, detailing space layout, floor plan, and utilities, then document account codes and a WBS dictionary for tracking and control.

Master earned value management by organizing work with a WBS, assigning work packages, and time-phased control accounts to track progress with objective measures and cost and schedule variances.

Explore earned value management (EVM) and key formulas that link scope, schedule, and costs. Learn to compute EV, PV, and AC, and apply CPI and SPI to gauge project health.

Explore estimate at completion (EAC) in earned value management, define BAC, AC, EV, CPI, and SPI, and apply formulas to forecast total project cost and guide decisions.

Apply variance at completion (VAC) to forecast project cost by comparing BAC and EAC, and gauge whether the budget will be over or under as the project ends.

Learn to use the estimate to complete to forecast future costs by analyzing current performance and remaining work, guiding budget, timeline, and resource decisions.

Explore the to-complete performance index (tcpi) to determine the cost efficiency needed to finish a project within budget, using bac, ev, ac, and eac to guide decisions.

Learn how contingency reserves protect budgets against known unknowns by allocating funds for identified risks, while management reserves cover unforeseen work outside scope, with baseline impacts and required approvals.

This lecture demonstrates earned value management on solar panel plant installation, calculating planned value, actual cost, earned value, and metrics cpi, spi, cv, sv, eac, with contingency and management reserves.

Learn how earned value management applies to agile projects, linking planned value, earned value, and actual cost to forecast cost and schedule performance with simple Excel tracking.

Advance your project management by learning measuring project performance with earned value management, and access free tutorials, real project examples, quizzes, and articles to ace the PMP test.

Land your project management job by crafting tailored resumes and cover letters with ChatGPT, ace agile and earned value management interviews, and map a 30-60-90 day plan for growth.

Learn agile project management to deliver value with adaptive planning, blending agile and waterfall methods, and leading teams as a Scrum Master to drive trust and collaboration.

Master lean six sigma to optimize processes, reduce waste, and drive continuous improvement using data-driven problem solving. Enhance project management with root-cause analysis, defect reduction, and stronger customer satisfaction.

Explore PMBoK-based principles, PMI, PMO, and code of ethics; master process groups while building two full project plans with templates and hands-on scenarios.