Discover how to calculate earned value on your projects—a key skill for project managers.
- 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.
- Identify the fundamentals of calculating budget at completion, planned value, earned value, and actual cost.
- Recognize the steps to forecast estimate at completion.
- Determine the steps in calculating BAC, PV, EV, and AC.
- Break down how to calculate CV and CPI.
- Examine the elements of forecasting EAC.
- Explore the steps involved in forecasting ETC and VAC.