Earned Value for the PMP® Exam - For IT Professionals
- 1.5 hours on-demand video
- 4 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Explain the Purpose and Benefits of Earned Value Analysis
- Perform Earned Value Calculations
- Interpret the Results of Earned Value Analysis (using both numbers and charts)
- Select the Appropriate Forecasting Formula for Different Project Situations
- Forecast the Final Project Cost and Schedule
- Calculate the Performance Needed to Get a Project Back on Track
- Be Aware of Caveats & Loopholes
- Explain the Advantages of Earned Schedule (ES) Analysis.
- Basic Arithmetic
I blame the math textbooks.
They teach too much theory, and not enough practical application. They teach formulas without teaching you how to understand them.
They skip steps and say "Obviously,...." Can't you just hear them saying "Ob-vious-ly" in that Professor Snape voice? No, it's not obvious!
It's as if the authors are making it hard on purpose, just to make themselves look smarter than the rest of us.
Even some of the best teachers have this tendency to skip steps and leave you confused.
It's no wonder so many people hate math.
Well, I have to admit that I'm one of those that loved math. I don't know why. Maybe it's just that I enjoy figuring things out. But that doesn't change the fact that in all my years of studying math in school - from Algebra to Advanced Calculus and beyond, I never saw a textbook that I didn't struggle with.
Although I loved math, and I got lots of A's, it was always so much harder than it needed to be.
How did I do it? By filling in the missing steps. By figuring out what it all meant. By finding practical examples of how it can be used. I remember things much, much better when I can visualize them, understand them, and connect them to real-world examples.
I remember when I was first preparing for the PMP® exam. Even with all my years of math, Earned Value Analysis was confusing. It shouldn't be. It's not a difficult concept. And the math for it is simple arithmetic.
It's just that it's so often taught - well, like those awful textbooks we had in school.
In this course, I approach Earned Value differently. I teach the purpose and usefulness of Earned Value. I take it a step at a time, starting with the basic concepts, all the way through the more advanced formulas - including things that can trip you up on the exam. I provide examples and PMP® exam style practice questions throughout - with answers and explanations.
I help you understand, visualize, and apply Earned Value.
Answering the Earned Value questions on the PMP® exam is so much easier when you understand the formulas and how to use them. That's what this course is all about.
- IT Professionals Who Want to Move Into Management
- IT Project Managers Who Want to Use Earned Value Management on Their Projects
This is a short preview of the first 2 minutes of the first video lesson.
Objective, Purpose, and Value of Earned Value Analysis
Terms & Variables: Planned Value (PV), Earned Value (EV), Actual Cost (AC)
Basic Earned Value Chart
Cost Variance (CV), Schedule Variance (SV)
Cost Performance Index (CPI), Schedule Performance Index (SPI)
Earned Schedule (ES), SV(t), SPI(t)
Getting Back on Track
To Complete Performance Index (TCPI)
At the Start of a Project
At the End of a Project
Math Loophole with SV & SPI
Closing the Loophole with Earned Scheduled (ES)
Review of Earned Value Analysis Variables, Definitions, and Formulas
List of Resources for Further Reading