Earned Value Analysis - Key Concepts from the PMBOK Guide

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This video describes Earned Value Analysis - critical components that plug into your Variance Analysis (of CPI, SPI, CV, SV etc).
Earned Value Analysis includes:
1. Planned Value (PV)
2. Earned Value (EV)
3. Actual Cost (AC)
4. Budget at Completion (BAC)

#PMP #PMBOK #CAPM #ProjectManagement

David McLachlan

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I've been watching quite a bunch of your videos and I simply LOVE how you explain concepts in a manner that can easily be understood. You break them down in a way that relates to real life. If just all the text books would put the information together like you do - simple, concise, logical and actually fun :) A big thank you to you!

Evacadora

I couldn't find a video in your catalogue that covers exam questions of EVM. I (and im sure many others!) Would benefit from you making an EVM exam prep video with scenario based questions in a longer length with your calculation summary after each question. Thank you for your amazing work

grimusgrubly

I have a problem that this all assumes that costs and effort are flat in a project or phase. It doesn’t work if a phase has a great deal of setup for human capital, or initial capital expenditure (hardware needed for the project). I’d be curious how many projects retrospectively hit the EVM projections. I’m memorizing all of the formulas for PMP, but it just seems over simplified and way over assumptive. I don’t know what could be substituted though.

TheCerealHobbyist

very good information, you just went a little too fast.

richaunfacey

Given a total quantity of 12000 CY of concrete to be placed, at a cost of $400/CY. At the 40% point, the contractor placed $2, 160, 000 worth of concrete. What is the CV? Can you help solve this problem. Thanks

malsalihi

Sir what is difference earned value approach, earned value analysis, and earned value Management

nadeemasif

You speak so fast. Makes it difficult to follow through.

uzoruzor

So many mistakes learn a little bit mora before you can teach

fredericostuckenbruck

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