Earned Value Management | EVM | PMP Questions and Answers 1 | PMP Exam Prep

Earned Value Management or EVM is a systematic approach to analyze project status with respect to planned scope, planned schedule and planned cost. This is also referred to as Earned Value Analysis or EVA.

This lesson addresses the following
- Earned Value Management Questions
- Earned Value Management Formulas
- Earned Value Management Problems

Additional Lessons

All the best with your PMP exam!!

[Schedule Variance]
Schedule Variance and Cost Variance
Schedule Variance in Project Management
Schedule Variance Formula
Schedule Variance Calculation Example
Schedule Variance Example
Schedule Variance Graph
Schedule Variance Formula with Example

[Cost Variance]
Cost Variance Analysis
Cost Variance Project Management
Cost Variance Formula
Cost Variance and Schedule Variance

[Schedule Performance Index]
Schedule Performance Index (SPI)
Schedule Performance Index Calculator
Schedule Performance Index PMP
Schedule Performance Index Formula
Cost Performance Index and Schedule Performance Index

[Cost Performance Index]
Cost Performance Index in Project Management
Cost Performance Index Example
Cost Performance Index Calculation

[Budget At Completion]
Budget At Completion Project Management
Budget At Completion Example
Budget At Completion Formula
Budget At Completion PMP

#SunnySensei #EarnedValueAnalysis #EVA #TCPI #SPI #CPI #ETC #EAC #SV #CV #PMP #EV #AC #PV

[scotthall]

Those were good questions and a good explanation. This filled in a few gaps. Thank you!

[larakirwan]

3 out of 5, but I learned how to calculate CV from CPI and AC. Thank you for revisiting my much-needed algebra I lesson!

[Muhammadshafique-wgzv]

Excellent. you made my day. this way of explanation with solve examples is amazing and easy to understand. you deserve subscription

[mroyon]

wish to get more vdos from you, it really helped to improve the problem solving approaches. great work.

[ihussain]

Good Question and very good explanation, more video on such problems solving will be better for all aspirant. Thank you sir...

[IamPeterP]

I like all your videos. They are clear and helps me to understand more about EVM. Are you sure that the answer of question 3 is B? Because when CPI=0.65, EV=1, then AC=1, 53. That means 53% over budget.

[khalidmuhammad]

I am not sure the explanation given for question 3 is correct. If the project was not completed on time the SPI can't be 1. SPI 1 means project is on track, SPI=budgeted cost of work performed/ Budgeted cost of work scheduled. At the end of two years work was not complete so the EV can't be 1, 000, 000 as 4 month worth of work still needs to be performed, based on the fact that your SPI has to be less than 1. Same way SV can't be zero, it will be a negative number

[dudelab]

superb! thanks for sharing sir! cheers...

[tdhinaker]

Relevant and useful examples and a very methodical and simple way to present/teach. Thank you!

[tesfayeyalew]

As to me, the answer to Q3 is "B", not "C". As there is time overrun, the schedule variance is negative, and this makes "C" true, not false. "B" is false as SPI is negative.