Video: Earned Value Management |Cost Control

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Video: Earned Value Management |Cost Control

Postby indusharma Tue Apr 15, 2014 11:12 am

One of the most important topics from the PMP exam point of view.
We begin with an example- primary assumption of earned value is -- whatever we do in a project has some value.
"This value is the amount of work we are getting against our budgeted amount"
-The earned value calculation we use budgeted amount budget at completion
-Earned value measures the performance, schedule and time in monetary terms
Explained with the help of an example
-Earned value curve or S-Curve discussed
-What is cost variance and schedule variance
-Cost performance index and schedule performance index

The entire topic is discussed and explained with the help of an example so as to give an idea of the practical implication of the process.

Knowledge Area : Cost Management
Process Group : Monitoring and Controlling

Keywords: EVM, Control Costs, Earned value, Cost Variance, Schedule Variance, Earned Value, S-Curve, CPI, SPI, Cost Performance Index, Schedule Performance Index, TCPI, EAC, ETC, Estimate at Completion, Estimate to Complete
Indu Sharma
PMP Trainer
iZenbridge Consultancy Pvt Ltd

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