Project Management Institute

Fundamentals of Earned Value Management

Description

Whether equipping yourself for your career, preparing for an exam, or building a foundation to teach others about earned value management—this course is where it all starts! Learn the basic components of earned value and how they are combined to provide a picture of project status, trends, and direction. This course is full of exercises to provide experience in understanding your project scenario in terms of earned value!

The course includes the Earned Value Formula Map—a tool to visualize what you already know about your project and “map” the location of what you are being asked to find out!

Provides Category-A PDUs; Hosted by Velociteach®'s InSite system, narrated by Louis Alderman, PMP.

What You Will Learn

  • Project Questions
  • Budget At Completion (BAC)
  • Adding the Timeframe
  • What is the Missing Thermometer?
  • The Goal
  • Correlation of Information
  • Graphical Correlation
  • Budget At Completion—Definition
    • Budget At Completion—Exercises
  • Actual Cost—Definition
    • Actual Cost—Exercises
  • Planned Value—Definition
    • Planned Value—Formula
    • Planned Value—Exercises
  • Earned Value—Definition
    • Earned Value—Exercises
  • Summary of Four Components
  • Cost Variance—Definition
    • Cost Variance—Exercises
  • Schedule Variance—Definition
    • Schedule Variance—Exercises
  • Schedule Variance in the Time Domain
    • Schedule Variance in the Time Domain—Exercises
  • EV's Multiple Personalities
  • The Project Status
  • Comparing the Statuses of Projects
  • Project Status—Cumulative vs. Periodic
    • Project Status—Exercises
  • Elements of Trends and Directions
  • Project Performance Efficiencies
  • Spending Efficiency—Definition
    • Spending Efficiency—Exercises
  • Working Efficiency—Definition
    • Working Efficiency—Exercises
  • The EVM Formula Map
  • Course Final Exam

Who Should Take This Course

PMPs and PgMPs interested in earning Technical PDUs, Functional Managers, Senior Managers, Team Leaders, Sales Management, Customer Account Representatives, Business Analysts, Project Sponsors, Portfolio Managers, Program Managers, Instructors

Course Information

PDUs
5
CEUs
0.5
Level
Foundation
Member Price
US$99.00
Non-Member Price
US$139.00

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