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Calculating Earned Value
Illustration by Neil Webb

Calculating Earned Value

with Aileen Ellis

Video: Welcome

Hi, my name is Aileen Ellis and welcome to the course, Calculating Earned Value. In this course I'll explain the basics of Earned Value Management. We'll discuss what Earned Value is and why organizations use it. More specifically we'll discuss how to use Earned Value Management. Some of us are interested in Earned Value to help us better measure current project performance and forecast future performance.

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Calculating Earned Value
1h 7m Appropriate for all Mar 18, 2014

Viewers: in countries Watching now:

BAC, CV, ETC, TCPI. Don't let the alphabet of earned value acronyms deter you. Follow along with Aileen Ellis, PMP, PgMP, as she walks you through earned value calculation. Relevant for those considering the PMP exam or interested in better managing your project performance, this course shows you the calculations that make earned value management (EVM) one of the most critical project metrics. Aileen walks through two concrete examples, a construction project and a system upgrade, and shows how earned value metrics can help you calculate current performance and forecast future performance. Since it's not all a numbers game, interpret the results of these calculations and forecasts to make better project decisions.

Topics include:
  • What is earned value management?
  • Who uses EVM?
  • Determining budget at completion, planned value, and earned value
  • Calculating schedule and cost variance as well as schedule and cost performance index
  • Forecasting future costs
  • Computing TCPI for project success
  • Exploring limitations of EVM
Subjects:
Business Project Management Business Skills
Author:
Aileen Ellis

Welcome

Hi, my name is Aileen Ellis and welcome to the course, Calculating Earned Value. In this course I'll explain the basics of Earned Value Management. We'll discuss what Earned Value is and why organizations use it. More specifically we'll discuss how to use Earned Value Management. Some of us are interested in Earned Value to help us better measure current project performance and forecast future performance.

Others want to understand Earned Value Management as it's a critical step on our path to becoming a project management professional. Most of our time in this course will be spent walking through two Earned Value Management examples. Finally, we'll go over just a few of the limitations of Earned Value Management. Let's get started with calculating Earned Value.

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