Earned Value Management– Made Easy

What you'll learn
Understand the fundamental principles of Earned Value Management (EVM), including the three key elements of planned value, earned value, and actual cost, and ho
Learn how to calculate and interpret key EVM metrics, such as the cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule perform
Develop skills in creating and analyzing EVM reports, including graphical representations of project performance data, and using this information to communicate
Gain knowledge of advanced EVM topics, such as integrating EVM with other project management methodologies, conducting risk analysis and contingency planning, a
Develop skills in using Earned Value Management to forecast project outcomes and make data-driven decisions. This includes learning how to use EVM data to creat
Requirements
no prerequisites or other requirements
Description
This course is suitable for project managers, program managers, project controls professionals, and other professionals involved in project management who are interested in gaining a deeper understanding of how to effectively monitor and control project performance. The course is particularly useful for those working in industries where project management is critical, such as construction, engineering, defense, and aerospace, but it can be applied to any industry where projects are used to accomplish business objectives. Additionally, the course may be beneficial to anyone who is seeking to earn a certification in project management, such as the Project Management Professional (PMP) or the Certified Project Manager (CPM) certification.Develop skills in using Earned Value Management to forecast project outcomes and make data-driven decisions. This includes learning how to use EVM data to create accurate estimates of project completion, identify potential problems early on, and make adjustments to the project plan to ensure that project goals are achieved on time and within budget. By the end of the course, participants should be able to confidently use EVM to plan and manage projects, identify potential risks and challenges, and make informed decisions based on real-time data.There are four potential learning objectives for an Earned Value Management course:Understand the fundamental principles of Earned Value Management (EVM), including the three key elements of planned value, earned value, and actual cost, and how they are used to track project performance and estimate project completion.Learn how to calculate and interpret key EVM metrics, such as the cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule performance index (SPI), and use them to identify project performance trends, potential issues, and areas for improvement.Develop skills in creating and analyzing EVM reports, including graphical representations of project performance data, and using this information to communicate effectively with stakeholders, such as project sponsors, customers, and team members.Gain knowledge of advanced EVM topics, such as integrating EVM with other project management methodologies, conducting risk analysis and contingency planning, and applying EVM to complex or multi-project environments, and use this knowledge to improve project performance and increase the likelihood of project success.
Overview
Section 1: Introduction
Lecture 1 What is Earned Value Management?
Lecture 2 History and evolution of EVM
Lecture 3 Why use EVM?
Section 2: Key Elements of EVM
Lecture 4 Planned value (PV)
Lecture 5 Earned value (EV)
Lecture 6 Actual cost (AC)
Section 3: Calculating EVM Metrics
Lecture 7 Cost variance (CV)
Lecture 8 Schedule variance (SV)
Lecture 9 Cost performance index (CPI)
Lecture 10 Schedule performance index (SPI)
Lecture 11 Estimate at completion (EAC)
Lecture 12 Variance at completion (VAC)
Section 4: Interpreting EVM Metrics
Lecture 13 Identifying project performance trends
Lecture 14 Identifying potential issues and risks
Lecture 15 Determining project completion forecasts
Lecture 16 Identifying areas for improvement
Section 5: Implementing EVM on Projects
Lecture 17 Establishing a baseline plan
Lecture 18 Setting up an EVM system
Lecture 19 Collecting and analyzing data
Lecture 20 Reporting EVM results
Lecture 21 Monitoring and controlling project performance
Section 6: EVM in Project Management Systems
Lecture 22 Integrating EVM with other project management processes
Lecture 23 Using EVM in agile and lean project management
Lecture 24 Applying EVM in different industries and project types
Section 7: Best Practices for EVM Implementation
Lecture 25 Avoiding common pitfalls and mistakes
Lecture 26 Incorporating EVM into project management culture
Lecture 27 Continuously improving EVM processes and techniques
Section 8: Conclusion and Next Steps
Lecture 28 Review of course material
Lecture 29 Recommendations for further learning and practice
Lecture 30 Closing thoughts on the value of EVM in project management
Section 9: Assignment
An Earned Value Management course is suitable for project managers, program managers, project controls professionals, and other professionals involved in project management who are interested in gaining a deeper understanding of how to effectively monitor and control project performance. The course is particularly useful for those working in industries where project management is critical, such as construction, engineering, defense, and aerospace, but it can be applied to any industry where projects are used to accomplish business objectives. Additionally, the course may be beneficial to anyone who is seeking to earn a certification in project management, such as the Project Management Professional (PMP) or the Certified Project Manager (CPM) certification.,Other professionals involved in project management who are interested in gaining a deeper understanding of how to effectively monitor and control project performance. The course is particularly useful for those working in industries where project management is critical, such as construction, engineering, defense, and aerospace, but it can be applied to any industry where projects are used to accomplish business objectives. Additionally, the course may be beneficial to anyone who is seeking to earn a certification in project management, such as the Project Management Professional (PMP) or the Certified Project Manager (CPM) certification.
Homepage

https://www.udemy.com/course/earned-value-management-made-easy/

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