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Become Earned Value Management (EVM) Expert

Name: Become Earned Value Management (EVM) Expert
Rating: 4.4 (58 reviews)

You will gain a mastery of the earned value management in a short time

Created byMaxwell Owolade

Last updated 12/2019

English

English [Auto],

What you'll learn

Students will become proficient in Earned Value Management (EVM)
Student will be able to identify all the parameter for necessary to calculate Earned Value Management (EVM)
Student will be able to calculate and interpret Earned Value Management (EVM) results
Students will be able to explain to project stakeholders in their project reports the status of the project based on EVM results

Course content

7 sections • 25 lectures • 1h 49m total length

General Introduction Earned Value Management (EVM)1:54
This is a general introduction of the course and the instructor.
My name is Maxwell Owolade, with more than 15 years working in IT, Project Management, teaching and writing in various capacities.
During same period I have enjoyed the privilege of preparing candidates for professional certifications like CompTIA: Project+, Project Management Professional (PMP) & CISSP to name a few. Passion for teaching Project Management, IT, IT Security, Business Analysis, Math & Physics. Few of my hobbies includes teaching and reading Physics, Math, Economics, Bible History & Cooking

5 Steps to Determining Earned Value Management (EVM)3:29
Learn five steps to determine earned value management (EVM) by generating data from cost, time, and resources, calculating variances, forecasting performance, assessing risks, and analyzing project health.
Step 1 - Determining the 4 Building Blocks3:20
Students will learn the meaning of the following EVM parameters
BAC
PV
EV
AC
Step 2 - Determine the Variances5:25
Learn to determine cost and schedule variances in earned value management using cv equals ev minus ac and sv equals ev minus pv to assess project performance.
Step 3 - Determine the Performance Indices5:15
Determine cost performance index and schedule performance index to measure cost and schedule efficiency, with CPI as EV/AC and SPI as EV/PV; values above one are favorable, below one unfavorable.
Step 4 - Forecasting and Variance Analyses5:26
Step 5 - Analyze and Interpret the Results4:26
Learn to analyze and interpret earned value data by comparing plan value, earned value, and actual cost, and interpreting cost variance, schedule variance, and cost performance index, schedule performance index.

Where Can I Use EVM Tools?2:00
Learn where to apply earned value management tools across projects, using it as a core cost control and data analysis practice to forecast risks and optimize schedule, cost, and resources.
How You Can Become Earned Value Management (EVM) Expert2:35
Build your earned value management expertise from the definition, formula, and five steps to hands-on case studies and software project data, gaining a practical license to practice.

Case Study 1 - Step 1 Determine the Building EVM Blocks3:36
Apply earned value management to a construction case study by calculating BAC, PV, EV, and AC for a 20-mile sidewalk project and analyzing variances.
Case Study 1 - Step 2 Determine the Variances3:05
Learn to calculate cost variance and schedule variance in earned value management using earned value, actual cost, and planned value, and interpret results as on-budget or behind schedule.
Case Study 1 - Step 3 Determine the Performance Indices2:36
determine performance indices in case study 1 by calculating the cost performance index and schedule performance index, interpreting CPI above 1 and SPI below 1.
Case Study 1 - Step 4 Forecasting and Variance Analyses6:00
Forecast and analyze variance in earned value management by calculating estimate at completion and estimate to complete, using CPI and SBI to reveal potential savings or needed funding.
Case Study 1 - Step 5 Analyze and Interpret the Results7:24
Analyze and interpret project performance by reporting cost variance, schedule variance, CPI, and SPI to stakeholders, and craft a weekly or monthly mitigation plan aligned with the project communication plan.

Case Study 2 - Step 1 Determine the Building Blocks4:15
Case Study 2 - Step 2 Determine the Variances1:56
Case Study 2 - Step 3 Determine the Performance Indices2:31
Case Study 2 - Step 4 - TCPI Burn Rate Forecasting & Variances4:32
Case Study 2 - Step 5 Analyze and Interpret EVM Results8:22
Analyze earned value results to interpret CPI, SPI, variances, and forecasts. Prepare stakeholder reports, validate data, and forecast EAC and ETC for cost control.

Different Ways of Determining EVM4:43
Discover different ways to determine earned value management, including manual calculations, spreadsheet analysis with graphs, and scheduling software like Microsoft Project, Oracle Primavera, or other project tools.
12 Steps to Accurate EVM Using Scheduling Software7:12
The Rule of Thumb5:07
Master the rule of thumb for earned value management, ensuring accurate data input, baselining, and updating to generate reliable EVM reports that support cost control and sound project decisions.
Project Manager Take Way From this Course4:45

Requirements

Students will be able to understand Earned Value Management if they can relate to Project Cost Control
Course content has been designed with students preparing for project management certification in mind

Description

Every experienced project manager strives to have a good control over their project schedule and budget.

The goal is to manage it effectively so that situation does not spiral out of control.

Earned Value Management (EVM) has proved to be a very efficient and effective tool that is consistent in providing better results that reveal “enchanted” qualities in these project managers.

EVM helps in tracking project performance and its forecasting capabilities has proved reliable in mitigating foreseeable risks. In this video course, you will master all the building blocks to determining EVM and not only can calculate all the details, but also interpret the data and prepare a precise periodic project report.

In this video, the Instructor explained the 12 steps to developing a concise schedule to prepare a correct project schedule.

LEARNING OUTCOMES

· Over 20 lectures and 85 minutes of valuable content!

· You will understand all the EVM building blocks; definitions, formula and meanings

· You will master the 5 steps to determining EVM from end to end

· You will learn the steps to determining variances and performance indices

· You will become adept at preparing an accurate project performance report

· You will also be able to calculate and interpret TCPI and Burn Rate

· This course is also suited for those that want to become EVM Experts because regulation requirements

· This course content has been designed with students preparing for project management certification exam in mind

· Practical assignments run through the course that will fully engage you throughout the duration

· Practical learning experience with live project work and examples.

Who this course is for:

This course targets project management experts from new to experienced, who are desiring to become adept at effectively managing their project successfully
This course is best suited for those that want to become EVM Experts and add value

Become Earned Value Management (EVM) Expert

What you'll learn

Explore related topics

Course content

Introduction to Earned Value Management (EVM)1 lecture • 2min

Introduction to Earned Value Management (EVM)2 lectures • 9min

Steps to Determining Earned Value Management (EVM)6 lectures • 27min

Where Earned Value Management (EVM) Can Adopted For Use?2 lectures • 5min

First Case Study Analysis: 20 Miles of Sidewalk Construction5 lectures • 23min

Second Case Study Analysis: Software Development Project5 lectures • 22min

Additional Useful Nuggets Relating to Earned Value Management (EVM)4 lectures • 22min

Requirements

Description

Who this course is for: