How to Calculate Earned Value for Your Project the Easy Way
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How to Calculate Earned Value for Your Project the Easy Way

Successful Project Managers Report Project Performance Using Earned Value Management. This Course Will Teach You How!
4.1 (32 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
975 students enrolled
Created by Jeb Riordan
Last updated 7/2017
English
Current price: $10 Original price: $50 Discount: 80% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 42 mins on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Apply earned value management process and report the real health of your projects
  • Identify projects at risk of going off-track in good time for corrective actions to be implemented
  • Astound your project steering team with detailed analysis of the performance of your projects
View Curriculum
Requirements
  • No prerequisites although experience of working in a project team would be helpful
Description

Astound your project steering team when you include Earned Value Analysis into your project status reports

Earned Value Management and Analysis is a process for monitoring and reporting the true health of a project

By combining the planned scope, schedule and cost with the actual work complete you can assess project performance, estimate the cost at completion and a probable completion date based on current project performance

Learn How to Introduce Earned Value Metrics Into Your Project Today

  • Identify negative trends before thy become a problem
  • Estimate the true project cost at completion
  • Measure the efficiency of your project teams
  • Gain the respect of your Stakeholders by knowing the true progress of your project
  • Learn and Master the Process of Measuring and Reporting the Real Health of Your Project Using Earned Value Management

Earned Value Management was developed by the US Department of Defence way back in the 1990’s. However the real benefits of using the technique were not fully realised. Maybe because the DoD contractors considered it just another requirement that needed to be fulfilled.

Nowadays most US Government contractors, DoD, Dept Energy, NASA, etc, include EVM as standard in their project communications

Earned Value Analysis can be complex or relatively simple depending on who you ask.

By following the practical steps outlined in this course you will be able to introduce EVA into your project and extract the real meaningful metrics that will allow you to keep your project on track and maybe ahead of the game.

The course content is based on short videos; with some multiple choice quizzes to keep you awake.

There is also a downloadable excel worksheet that you can use to record your project's progress and calculate the key EVM metrics.

What This Course is NOT:

This course does not teach you short-term memory techniques to enable you to answer multiple-choice questions

The course content is not influenced by the outcome of examination exit polls and previous examination questions

Although the course content is relevant to any certification examination it is not designed to prepare you to take a certification exam

I’ve been there, done that!

Plenty PMP Prep courses available on Udemy if that is your want…

What this course IS:

This course is designed for practical project managers, project team members and stakeholders who want a solid, repeatable solution to their project controlling and status reporting needs

By the end of this course you will become a valued member of your project team by demonstrating your knowledge of Earned Value Management and Analysis by introducing EVM into your projects

Well done!

Who is the target audience?
  • This short course on Earned Value Management and Analysis is meant for project team members responsible for monitoring and reporting project performance and for Project Managers and Steering Team Members who want to understand the metrics
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Curriculum For This Course
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Course Introduction
2 Lectures 05:45

Who am I? And why I focus so much on applying practical well-proven project management methods and processes in todays overly complicated project management landscape. A typical example of this is the use of Earned Value Management and Analysis...

Preview 03:20

A very brief history of project management earned value management and analysis

History of Earned Value Management and Analysis
02:25
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Earned Value Management and Analysis in Project Planning
4 Lectures 18:48

We discus the benefits of introducing earned value management and analysis into your projects and we ask the three critical questions every practical project manager needs to ask

What Exactly is Earned Value Management and Analysis in Project Management
04:26

We dive deeper into project management earned value management and analysis and discus the formulas used to develop the most useful EV metrics

The Most Useful Formulas in Earned Value Management and Analysis
04:46

We discus freezing the scope, developing a Work Breakdown Structure and a master schedule and the key cost elements that need to be included in your earned value analysis

Setting Up an Earned Value Management System Part 1
04:37

We discus the collection of data and the recommended method for determining the works progress measurement points

Setting Up an Earned Value Management System Part 2
04:59
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Practical Application of Earned Value Analysis
1 Lecture 07:31

We work through a sample excel worksheet where we insert the project progress data and calculate the key earned value management and analysis metrics. A copy of the excel file can be downloaded from the resources area

Preview 07:31
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Conclusion
2 Lectures 02:48

3 simple questions to check your understanding of earned value management and analysis

Quick Quiz
3 questions

Information on my practical project management methodology and links to some more earned value management resources

Further Reading
7 pages

We remind ourselves of why we do earned value analysis, ask the most critical question "What did we get for the money we spent"? and a subtle hint on what to do next...

Summary and What to do Next
02:48
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Earned Schedule
1 Lecture 06:56

Way back in 2003 Walter Lipke published a paper describing an improved method of estimating project schedule using the data collected for Earned Value Analysis. The technique is called Earned Schedule and after all this time the technique is gaining recognition in the project management industry.

Earned Schedule a Very Useful Extension to Earned Value Management
06:56
About the Instructor
Jeb Riordan
4.4 Average rating
324 Reviews
8,889 Students
6 Courses
PMP, Project Management Consultant

My name is Jeb Riordan and I've been a project manager for, well, too long.

Primarily in the telecommunications sector I have managed multi-million dollar projects in more than ten different countries, including, the UK, Australia, Thailand, Indonesia, Pakistan, Cambodia and the Caribbean.

I am a past member of the UK based Association for Project Management (APM) and the USA based Project Management Institute (PMI).

Although no longer a member of any professional institution I have maintained my PMI Project Management Professional Certification (PMP) status because it includes an element of continuing professional development (and it looks good on my resume!)

Oh, I also gained the Advanced Project Management Certificate from the International Institute for Learning. That was a long haul; simulating the NASA moon landing project.

Over the years, I have observed many projects failing because the project manager is overwhelmed with the need to adopt the latest fad in managing projects and managing people; losing sight of the real project objectives - On time, below budget and delighted stakeholders.

My mission is to simplify the complexity of modern project management by encouraging project managers, team members and stakeholders to focus on well proven, repeatable, solid practical project management processes making even the most complex of projects easy to monitor, control and complete successfully.