Project Management: Cost & Schedule Monitoring using EVM

Name: Project Management: Cost & Schedule Monitoring using EVM
Rating: 3.9 (1392 reviews)

Earned Value Management, Project Management, Cost Control & Monitor, Budget, Schedule & Cost Variance, Performance Index

Created byAkhil Krishna

Last updated 8/2021

English

English [Auto],

What you'll learn

Earned Value Management
Project Management
Cost Control
Cost Management
Cost Monitoring
Quantity Surveying
Budget Control & Monitoring
Cost Variance & Schedule Variance
Cost Performance Index & Schedule Performance Index
Estimate At Completion
Estimate To Complete
Budget At Completion
Planned Value
Earned Value
To Complete Performance Index

Course content

4 sections • 8 lectures • 33m total length

What is Earned Value Management ?1:48
Explore earned value management as a technique for measuring project performance against fixed cost and schedule, and learn the formulas and scenarios used to monitor budget and timelines.

Key Terms1:08
Identify essential earned value management terms, including actual cost, earned value or budgeted cost of work performed, cost variance, schedule variance, CPI, SPI, and estimates at completion and to complete.
Definitions4:22
Explore essential earned value management definitions, including planned value, actual cost, earned value, cost and schedule variances, CPI, and TCPI, plus ETC and EAC concepts to monitor project performance.
Formulas4:29
Explains key earned value management formulas, including planned value, earned value, and actual cost, and computes cost and schedule variances, CPI, SPI, and estimation scenarios.

Ideal Scenario9:41
Explore an ideal earned value management scenario that compares budget, planned value, earned value, and actual cost to assess schedule variance, cost variance, and three estimated completion cases.
Over Budget & Behind Schedule Scenario6:00
Analyze an over budget and behind schedule scenario using earned value management, calculating planned value, earned value, actual cost, schedule variance, CPI, SPI, and estimated completion.
Over Budget & On Schedule Scenario4:45
Explore a scenario where a project is over budget but on schedule, using earned value management metrics like cost variance, schedule performance index, and to-complete performance index.

Requirements

Be open to learning
Basic Excel Knowledge
Quantitative Aptitiude

Description

The course will help you understand the basic concepts of Earned Value Management which is one of the most important technique for effective Project Management.

By the end of this course you will learn the key terms of Earned Value Management, their definitions and the various formulas used to analyze whether the project is getting executed on track with respect to cost and schedule.

The course lets you understand the concept of Budget, Planned Value, Earned Value. It also teaches how to calculate Cost and Schedule Variance, Cost and Schedule Performance Index, Estimate At Completion, Estimate To Complete and To Complete Performance Index.

The course also includes examples showing the various scenarios of a project during execution phase and how Earned Value Management aids in recognizing the project status at any point of time with respect to budget and project completion schedule.

Who this course is for:

Engineering Students
Fresh Engineers
Construction Professionals
Civil Engineers
Quantity Surveyors
Project Managers
Planning Professionals
Civil Engineering Students
Business Students

Project Management: Cost & Schedule Monitoring using EVM

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 2min

Understanding the Components of Earned Value Management3 lectures • 10min

Example Scenarios3 lectures • 20min

Conclusion1 lecture • 1min

Requirements

Description

Who this course is for: