Earned Value Analysis for Beginners

Name: Earned Value Analysis for Beginners
Rating: 4.5 (53 reviews)

Acquire the core EVA skills and knowledge to be immediately effective in controlling your project's costs and schedule.

Created byLee Jones BSc. MSc. PMP

Last updated 10/2022

English

What you'll learn

The core techniques and processes for successfully carrying out Earned Value Analysis on any project.

Course content

13 sections • 23 lectures • 1h 51m total length

Introduction1:41
Discover how earned value analysis (EVA) helps monitor and control project schedules and costs. Through clear examples, learn basic EVA terms and how to deliver timely, accurate project progress information.

Earned Value Analysis background5:00
Learn how earned value analysis uses a baselined schedule and budget to measure progress, forecast outcomes, and indicate whether the project is on track or behind.
EVA process overview12:27
Learn the four-step EVA process, from gathering progress data and calculating SV and CV to reporting results and taking corrective actions to keep projects on schedule and budget.

SV overview and simple example6:43
Explore schedule variance in earned value analysis by comparing earned value to planned value; SV equals EV minus PV, illustrated with a three-task baseline and progress showing behind schedule.
A slightly more complex project example for SV7:03
Walks through a slightly more complex SV example using a 3-week, 8-task project, showing BAC 9,500, PV progression, EV calculations, and how schedule variance reveals ahead or behind schedule.

CV overview and a simple example4:14
Learn to compute cost variance (CV) from earned value (EV) and actual cost (AC), compare to a baseline plan and BAC, and interpret under or over budget with an example.
A slightly more complex project example for CV5:46
Learn earned value analysis for beginners through a slightly more complex project example, calculating cost variance, schedule variance, and earned value across weeks to compare planned versus actual costs.

Percent Complete, Non-Linear Earned Value4:49
Apply percent complete and non-linear earned value to partly completed tasks, using SV, CV, EV, PV, AC, and BAC to avoid misreporting progress, such as a scaffolding example.
A project example showing part-completion of tasks4:28
Learn to measure progress with earned value analysis on partly complete tasks, using planned value, bac, and ev to compute pc and ev and assess schedule variance and eva charts.

Schedule Variance % and Cost Variance %6:00
Explore how to compute schedule variance percentage and cost variance percentage from earned value data, including EV, PV, and AC, and use EVA diagrams to monitor schedule and budget.
Reporting progress for more than one project1:47
Plot multiple projects on an earned value analysis diagram to report portfolios, highlight variances beyond thresholds, and use RAG colors and pie charts to flag actions for underperforming projects.

Requirements

A basic understanding of project management principles and techniques.

Description

This course will provide you with a clear understanding of Earned Value Analysis, also known as EVA, and how it can be used to expertly control the schedule and costs of any project. It is ideally suited to current or aspiring Project Managers who wish to elevate their skills to the next level.

The course content is based on my own extensive experience in the project management field, and during my career I have used almost every project management method available. As a result, I know what works, and what doesn't work in the real world, and this course covers the essential, proven EVA processes and techniques that will set you on the road to successful project delivery.

A no-nonsense, no-gimmicks approach is taken throughout the course, and all aspects of EVA are covered in a pragmatic, step-by-step manner that builds your knowledge and understanding as you progress through each lecture.

Examples and questions / answers are included, together with a final exercise that will give you the opportunity to test and consolidate your understanding of course components.

Subtitles are also available, and can be displayed below the screen to avoid obscuring lecture information.

Finally, on successfully finishing the course, you will receive a Certificate of Completion in recognition of your newly-acquired knowledge and skills.

Who this course is for:

Current or aspiring Project Managers who wish to improve their skills in project cost and schedule control.
Current or aspiring Project Managers studying for industry-recognised PM certifications.

Earned Value Analysis for Beginners

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 2min

Background and Process2 lectures • 17min

Schedule Variance, SV2 lectures • 14min

Cost Variance, CV2 lectures • 10min

Combining Schedule Variance and Cost Variance in a Single View1 lecture • 2min

Partly-completed tasks2 lectures • 9min

Earned Value Analysis Chart1 lecture • 6min

Reporting using performance percentages2 lectures • 8min

Reporting using performance indices1 lecture • 5min

Some additional information about costs1 lecture • 6min

Requirements

Description

Who this course is for: