
Explore earned value analysis by linking budget and schedule with a Gantt-based cost curve. Compare planned value, actual cost, and earned value to assess project performance.
Preview PMP preparation content on earned value management and the critical path, through a trailer that introduces these key project management concepts.
Compute the forward pass in the precedence diagram to determine early start and early finish for each activity using predecessors, durations, and max values, then compare to the backward pass.
Learn to highlight critical activities in a network diagram using CPM, so red tasks reveal the critical path and a one-day delay on any critical activity delays the whole project.
Develop earned value analysis in PMP projects by calculating EV (BCWP) and PV (BCWS) from the budget at completion and percent complete, and monitor CPI, SPI, CV, and SV.
Learn to compute the EAC by adding actual cost to estimate to complete, apply the ETC for unstarted activities, and compare with the budget at completion to assess cost performance.
If you are an engineer who wants to become a scheduler, planner, project controller or simply you want to get the PMP certification, this is a practical course where I explain step by step how to solve by hand the exercises regarding the Earned Value Method Analysis and the Critical Path Method.
The examples are taken from a real assessment recruiting procedure belonging to a big European Construction Company who was looking for a planning manager able to master the use of these two fundmentals Project Management concepts: the Earned Value Method and the Critical Path Method.
The first example regards the description of the Critical Path Method, with the calculation of the Total Float. The second exercise regards the Earned Value Method, with the calculation of the KPI's of the project (CPI, CV, SPI, SV) and the EAC.
At the end of this course you will be able to understand what a baseline represents, what a budget at completion means, if your project is behind or ahead of schedule, if you are saving money or not.
My lectures are delivered in a friendly, simple, and easy to understand manner.
You will have fun learning the concepts because I have kept the lectures to be as light, easy, and painless to understand.
All important concepts have been covered through individual videos so you can simply jump to the topic that you want to learn.
You will get to learn all PMP Math concepts through separate videos with sample questions that explain the concepts in detail from the exam perspective.
By learning all the essential concepts, you will learn to manage projects like a professional PM.