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Earned value analysis worked example
 
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Check out http://www.engineer4free.com for more free engineering tutorials and math lessons! Project Management Tutorial: Earned value analysis worked example. Please support my work: PATREON | https://www.patreon.com/Engineer4Free Every dollar is seriously appreciated and enables me to continue making more tutorials
Views: 186533 Engineer4Free
PMBOK 6: Earned Value Management Analysis in simple language
 
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The video starts with an example. A contractor was given a project to install 50 desktop machines for a client at USD 1000 in 5 days. So the total contract is for USD 1000. The project manager analyzed and figures out that it requires USD 100 for 10 machines per day in 5 days. Estimation of USD 100 per day makes the project cost as USD 500. USD 500 is the project cost baseline. The project cost baseline has nothing to do with what the contractor is getting. These are 2 separate conversations. This is explained in a very simple language with the help of a Table. The Table contains Day 1 to Day 5 as Rows and Plan value, Actual value and Earned value as columns. On Day-1 you install 7 machines and actually spent USD 120, whereas planned was USD 100. So you can say that you have spent USD 120 against USD 100 and installed 7 machines against 10 machines. But as per the plan, you were supposed to spend USD 10 per machine. Now earned value comes into the picture. Earned value is a combination of actual quantity and planned rate. It is the terminology what is the worth of work completed against my budget. Earned value = the value of work you have done=7 *10 = USD 70 on Day1 On Day1 we actually have done the work worth USD 70 whereas we have spent USD 120 Here Planned Value =USD 100, Actual Value=USD 120 and Earned Value= USD 70. In simple language Earned value is the value of my completed work as per my cost baseline. For variance and more details please enroll in our online course at https://www.izenbridge.com/pmp/online-course/
Earned value analysis explained for project management
 
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Check out http://www.engineer4free.com for more free engineering tutorials and math lessons! Project Management Tutorial: Earned value analysis explained. Please support my work: PATREON | https://www.patreon.com/Engineer4Free Every dollar is seriously appreciated and enables me to continue making more tutorials
Views: 41869 Engineer4Free
21. Earned Value Analysis
 
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Earned Value Analysis (EVA) is an industry standard method of measuring a project's progress at any given point in time, forecasting its completion date and final cost, and analyzing variances in the schedule and budget as the project proceeds PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Calculating Earned Value Analysis (EVA) in Project Management — Episode 34
 
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EVA is a very important KPI for project managers because this simple metric can give you an immediate pulse on your projects. In Episode 34 you'll learn how easy it is to calculate Earned Value. Learn more about effective project management on our website: https://www.easyprojects.net/ https://goo.gl/uVgyeX Watch the others Episodes of "Project Management Made Easy" Course: Episode 35 "WBS: Work Breakdown Structure in Project Management" https://youtu.be/yhekQBeiEoY Episode 33 "What is Change Management?" https://youtu.be/tjj-NwixMkk FREE Project Management eBOOK for new project managers. DOWNLOAD HERE: https://goo.gl/5Dct2L Check out our Blog on project management to learn more about calculation Earned Value Analysis (EVA) to finish projects on time and budget: https://goo.gl/uJaaEF
PMP Exam:  Earned Value Management  - Part 1, Basic Concepts
 
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Sir Ganttalot helps you prepare for the PMP exam by explaining Earned Value Management. This is a three part lesson. Part 1 covers basic concepts, i.e. how to derive PV (Planned Value), EV (Earned Value) and AC (Actual Cost). (These terms are also known as BCWS, BCWP and ACWP respectively.) Part 2 shows how to apply these items to calculate variances (SV - Schedule Variance, CV - Cost Variance, SPI - Schedule Performance Index, CPI - Cost Performance Index). Part 3 explains how Earned Value Management is used to forecast project performance by calculating EAC - Estimate at Completion, ETC - Estimate to Complete, VAC - Variance at Completion, and TCPI - To Complete Performance Index.
Views: 298115 SirGanttalot
Earned Value Management Formulas in  5 Minutes!
 
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PMP Exam Audio Prep: http://praizionmedia.com/praizion/?pa... Our project management courses are credit eligible for contact hours or professional development units (PDUs). Participants studying for the PMP® exam can claim the contact hours earned to satisfy PMI's eligibility requirements for the PMP® exam. Project managers seeking to maintain their PMP certification can claim the PDUs earned to satisfy PMI's Continuing Certification Requirements. Mission Statement At Praizion Media, our goal is to significantly enhance core competency in project management and equip participants with the necessary tools and skills to hit--the-ground-running in their project work. We are committed to providing clear understanding of the PMBOK® Guide, project management, project management tools, techniques and concepts to participants worldwide. With a mind-set of quality and excellence, we strive to: • Uphold the project management methodology advocated by the Project Management Institute (PMI®). • Present real world project management concepts and examples in an accessible, understandable framework. • Provide PMP® candidates with a mechanism to gauge understanding and preparedness for the PMP® exam. • Reinforce project management sensibility through targetted learning instruction.
Views: 50091 Praizion
How to interpret an earned value graph
 
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Check out http://www.engineer4free.com for more free engineering tutorials and math lessons! Project Management Tutorial: How to interpret an earned value graph. Please support my work: PATREON | https://www.patreon.com/Engineer4Free Every dollar is seriously appreciated and enables me to continue making more tutorials
Views: 43483 Engineer4Free
Earned Value Analysis - Example
 
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Mechanical Engineering Video lectures for GATE/IES/IAS and PSUs follow us at http://iesgeneralstudies.com/ or http://gatemech.com/forum/
Earned Value Analysis
 
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This video describes key concepts of Earned Value Management and use an example to illustrate key concepts
How to Work with Earned Value Analysis in Microsoft Project 2016 - Part 1
 
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Get the complete 18-hour Project 2016 Beginner to Expert course here ► https://www.simonsezit.com/course-category/project/ During this Microsoft Project 2016 advanced training tutorial video, we will talk about the basic terminology of earned value analysis and will explain some of the ways in which Project 2016 does earned value analysis. Checkout some of our other training on YouTube: Project 2016 advanced training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3ijsaeOSiLehF1bquXCxmHv Project 2016 beginner training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3g_ABHdUU7RoGJJm-YFr4_Y Excel 2016 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hFUdlWMkTLZL-Fr3oRGN35 VBA for Excel tutorials: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hWRi0mgxdyWkT0QaYKuBGZ Visio 2013 for beginners: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jpAwkTGD6hGNxF8ML_FfsF SharePoint 2013 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jloGuvewOe0Iv1EE2POKge Stay in touch: SimonSezIT.com: http://www.simonsezit.com/ StreamSkill.com: http://streamskill.com/ YouTube Channel: http://bit.ly/foiItB Facebook: http://on.fb.me/14m8Rwl Twitter: http://bit.ly/177EU5J Google+: http://bit.ly/11JbHdb If you enjoyed the video, please give a "thumbs up" and subscribe to the channel ;-) Hello again and welcome back to our course on Project 2016 Advanced. In this section we’re going to start to look at Earned Value Analysis. I am going to assume that you have come across Earned Value Analysis before but even so I’m going to start in this section by clarifying the terminology and just explaining some of the ways in which Project 2016 does Earned Value calculations for us. And then in the next section I’ll take a look at one or two examples of Earned Value Analysis using our website project. And we’re starting off with version 16 of the website project here. Now let’s start with some very basics of terminology. What I’ve got here is a four day task and let’s say that the value of this task is $100. It doesn’t really matter what I mean by the value as such. Let’s just say that as far as my project is concerned the value of this task to the project is $100. If I assess the situation at the end of the second day, so this is at the end of Tuesday, and I decide that although I’m halfway through the duration of the task I’ve actually achieved ¾ of the outcome, so I’m ¾ of the way through deducing the result that is clearly a good situation to be in or at least it appears to be because I seem to have done more work than I was scheduled to do. But supposing that in order to do that I had used twice as many resources. So although I’ve achieved three days worth of value I’ve used four days worth of effort. So two people for two days. Now this simple example explains what Earned Value Analysis is all about. It’s not enough to say I am a certain proportion of the way through a task there fore this is the situation. You also need to know how much of the value of the task you’ve achieved. If you’re halfway through that doesn’t necessarily mean you’ve achieved half of the value. And you also need to know the cost of what you’ve done. Again you may be halfway through the duration of the task. That doesn’t necessarily mean that you used half of the amount of cost that you’d allowed for. You may have used a lot more than half of the cost. As I say, you may have had two people working on it instead of one. You may have used less than that amount of cost. Maybe somebody only had to work on it half time and yet they’ve still got half of the value of the task done but with less than half of the cost. Sorry, we couldn't fit the entire video transcription here since YouTube only allows 5000 characters.
Views: 15234 Simon Sez IT
Earned Value Analysis in Ms Project 2016 - EVA Tips & Tricks 2018
 
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Ms Project Tips & Tricks 2018 - Understanding Earned Value Analysis in Ms Project 2016. Earned value analysis EVA is a tool for controlling project progress. Microsoft Project 2016 uses earned value, earned value cost indicator and earned value schedule indicators to display earned value information. #msproject #EVA #EarnedValueAnalysis #2019 #Tutorial
Views: 457 TheEngineeringWorld
Introduction to Earned value analysis
 
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Mechanical Engineering Video lectures for GATE/IES/IAS and PSUs follow us at http://iesgeneralstudies.com/ or http://gatemech.com/forum/
How to make predictions using earned value analysis
 
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Check out http://www.engineer4free.com for more free engineering tutorials and math lessons! Project Management Tutorial: How to make predictions using earned value analysis. Please support my work: PATREON | https://www.patreon.com/Engineer4Free Every dollar is seriously appreciated and enables me to continue making more tutorials
Views: 9668 Engineer4Free
Earned Value Analysis
 
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Teaches Earned Value analysis. This lecture is in Urdu.
Views: 144 Khalid Khan
PMP Exam:  Earned Value Management  - Part 2, Variances and Index Values
 
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Sir Ganttalot helps you prepare for the PMP exam by explaining Earned Value Management. This is a three part lesson. Part 1 covers basic concepts, i.e. how to derive PV (Planned Value), EV (Earned Value) and AC Actual Cost. (These terms are also known as BCWS, BCWP and ACWP respectively.) Part 2 shows how to apply these items to calculate variances (SV - Schedule Variance, CV - Cost Variance, SPI - Schedule Performance Index, CPI - Cost Performance Index). Part 3 explains how Earned Value Management is used to forecast project performance by calculating EAC - Estimate at Completion, ETC - Estimate to Complete, VAC - Variance at Completion, and TCPI - To Complete Performance Index.
Views: 249775 SirGanttalot
EVM 123 Earned Value Management Basics
 
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40 DAYS TO PMP EXAM SUCCESS VIDEO GET THE WHOLE SERIES ONLINE AT WWW.PRAIZION.COM Great study program to help you STUDY in a methodical way. Comes with our Audio and DVD PMP products: 40 Days to PMP Exam Success Program Introduction Day 1 Our project management courses are credit eligible for contact hours or professional development units (PDUs). Participants studying for the PMP® exam can claim the contact hours earned to satisfy PMI's eligibility requirements for the PMP® exam. Project managers seeking to maintain their PMP certification can claim the PDUs earned to satisfy PMI's Continuing Certification Requirements. Mission Statement At Praizion Media, our goal is to significantly enhance core competency in project management and equip participants with the necessary tools and skills to hit--the-ground-running in their project work. We are committed to providing clear understanding of the PMBOK® Guide, project management, project management tools, techniques and concepts to participants worldwide. With a mind-set of quality and excellence, we strive to: • Uphold the project management methodology advocated by the Project Management Institute (PMI®). • Present real world project management concepts and examples in an accessible, understandable framework. • Provide PMP® candidates with a mechanism to gauge understanding and preparedness for the PMP® exam. • Reinforce project management sensibility through targetted learning instruction.
Views: 65038 Phill - PMP Exam Coach
PMP Exam Prep  - Earned Value Management (#1)
 
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PMP® Expert Aileen Ellis of AME Group Inc. on earned value management. Aileen Ellis, PgMP®, PMP®, is The PMP® Expert. She is the owner and proudly the only instructor for AME Group Inc., a Registered Education Provider (REP®) through the Project Management Institute (PMI®). She personally instructs project managers to gain the confidence and knowledge to pass the PMP® Exam and the CAPM® Exam. She has helped more than 10,000 professionals obtain their PMP® and over 1,000 professionals obtain those coveted letters: CAPM®. Working with thousands of students from dozens of countries, Ms. Ellis has gained a thorough understanding of the ins and outs of the PMBOK® Guide, the exam content, and proven test-taking strategies. ************************************ Want to hire Aileen to help you pass the PMP Exam? Contact Aileen at [email protected] Aileen runs live face to face workshops as well as provides online coaching for very motivated individuals. ************************************ Social ************************** My website: http://www.aileenellis.com Facebook: https://www.facebook.com/PmpExamExpert/ Linkedin: https://www.linkedin.com/in/pmpcertificationexpertaileen Twitter: http://Twitter.com/aileenellis
Views: 89967 Aileen Ellis
MS Project 2013 - Earned Value Analysis
 
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MS Project 2013 - Earned Value Analysis Watch more videos at https://www.tutorialspoint.com/videotutorials/index.htm Lecture By: Mr. Akshay Marge, Tutorials Point India Private Limited
PMP Earned Value Analysis
 
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This video provides you a basic concept on how Earned Value Analysis work. Explained to you Earned Value Management Acronym, provide tip how to memorize the EVM formulas. How to calculate Earned value EV, Cost Variance CV, Schedule Variance SV, Cost Performance Index CPI, Schedule Performance Index SPI, Estimate at Completion EAC, Estimate to Completion ETC and so on. This video also provided a simple Earned Value Analysis example to illustrate how to establish the Earned Value Analysis Matrix and explained the analysis result.
Views: 649 Joan Cheung
10.5 Earned Value Analysis EVA
 
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This video is about Earned Value Analysis For project management simulations specifically aimed at students of project management, visit www.ablesim.com
Earned Value Analysis
 
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In this Video Colin Balchin from http://www.adept-knowledge.com covers some of the principles of Earned Value Management. Earned Value Analysis is one of the most common techniques of performance measurement. It integrates cost, time, and scope metrics on a project.
Views: 10825 Rene van der Hout
PMP®  Earned Value Management : Cost Control | iZenBridge
 
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Stuck with PMP? Enroll in our PMP Online Training and Get PMP in 45 Days with PMBOK5 http://goo.gl/l2aQOq Be a part of the latest discussions on PMP Training and PMP Exam http://goo.gl/91L1cw One of the most important topics from the PMP exam point of view. We begin with an example- primary assumption of earned value is -- whatever we do in a project has some value. "This value is the amount of work we are getting against our budgeted amount" -The earned value calculation we use budgeted amount budget at completion -Earned value measures the performance, schedule and time in monetary terms Explained with the help of an example -Earned value curve or S-Curve discussed -What is cost variance and schedule variance -Cost performance index and schedule performance index The entire topic is discussed and explained with the help of an example so as to give an idea of the practical implication of the process. Watch the full video session and drop us a feedback. We would love to add more value to our video presentations with your assistance.
شرح القيمة المكتسبة بطريقة بسيطة Earned Value Management
 
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هذه المحاضرة جزء من كورس PMP على موقع يوديمي باللغة العربية للاطلاع على الكورس منا هنا: http://bit.ly/pmp-arabic كما يمكنكم الاطلاع على خارطة الطريق لاجتياز امتحان PMP من هنا: http://logaritm.net/?p=635 ومراجع وماتيريال PMP من هنا: http://logaritm.net/?p=699 وتخفيضات على كورسات يوديمي من هنا: http://logaritm.net/?p=708 شرح جميع المعادلات المتعلقة بالقيمة المكتسبة Earned Value بطريقة بسيطة شرح كيفية حساب TCPI وحساب توقعات الكلفة تم إعداد هذا الفيديو لصالح موقع لوغاريتم http://Logaritm.net م. سعد المرعي
Views: 22864 Saad Merie
Understanding Earned Value Analysis | PMP Exam preparation | Edureka
 
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( PMP Certification Training - https://www.edureka.co/pmp ) Watch sample class recording: http://www.edureka.co/pmp?utm_source=youtube&utm_medium=referral&utm_campaign=earned-value-analysis Earned Value Analysis is an objective method to measure project performance in terms of scope, time and cost. Watch the video to learn more on this concept, which describes the following: 1. What is Earned Value Analysis (EVA)? 2. Why is EVA needed? 3. Definition 4. Formulas Related Posts: http://www.edureka.co/blog/winning-edge-with-pmp-training/?utm_source=youtube&utm_medium=video&utm_campaign=earned-value-analysis http://www.edureka.co/blog/guide-to-pmp-exam-preparation/?utm_source=youtube&utm_medium=video&utm_campaign=earned-value-analysis Edureka is a New Age e-learning platform that provides Instructor-Led Live, Online classes for learners who would prefer a hassle free and self paced learning environment, accessible from any part of the world. The topic ‘Earned Value Analysis’ has been widely covered in our course ‘PMP Exam Preparation’. For more information, please write back to us at [email protected] or call us at IND: 9606058406 / US: 18338555775 (toll free).
Views: 11677 edureka!
How to Work with Earned Value Analysis in Microsoft Project 2016 - Part 2
 
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Get the complete 18-hour Project 2016 Beginner to Expert course here ► https://www.simonsezit.com/course-category/project/ During this Microsoft Project 2016 advanced training tutorial video, we will concentrate on the examples of earned value analysis as well as discuss some important points about the topic. We will also cover the key project options that are relevant to earned value analysis. Checkout some of our other training on YouTube: Project 2016 advanced training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3ijsaeOSiLehF1bquXCxmHv Project 2016 beginner training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3g_ABHdUU7RoGJJm-YFr4_Y Excel 2016 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hFUdlWMkTLZL-Fr3oRGN35 VBA for Excel tutorials: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hWRi0mgxdyWkT0QaYKuBGZ Visio 2013 for beginners: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jpAwkTGD6hGNxF8ML_FfsF SharePoint 2013 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jloGuvewOe0Iv1EE2POKge Stay in touch: SimonSezIT.com: http://www.simonsezit.com/ StreamSkill.com: http://streamskill.com/ YouTube Channel: http://bit.ly/foiItB Facebook: http://on.fb.me/14m8Rwl Twitter: http://bit.ly/177EU5J Google+: http://bit.ly/11JbHdb If you enjoyed the video, please give a "thumbs up" and subscribe to the channel ;-) Welcome back to our course on Project 2016 Advanced. In this section I’m going to concentrate on an example of Earned Value Analysis and reporting. But first of all I need to cover some general points about Earned Value Analysis, very important points in fact, and then I need to look at the key Project options that are relevant to Earned Value Analysis. The first important point is that Earned Value Analysis is done on the basis of comparing progress with a baseline. It therefore makes it absolutely essential that you have saved a baseline. Also the fact that you are comparing progress means that you must have recorded some progress. So you may be in the very early stages of a project, maybe you only have one task in progress but until you have recorded some progress information then Earned Value Analysis won’t tell you anything at all. The second important point which is closely related to that one is that you should have pretty much all of your tasks, resources, assignments, etcetera in place before you save the baseline which you are going to use for Earned Value Analysis. There is little point in say putting half a dozen tasks, saving the baseline and then putting in another 20 tasks and expecting Earned Value Analysis to tell you anything useful. Now that’s not to say that you won’t have change during the life of a project. Let’s take the Farm_Foods_Web_Site_16 as an example. Earlier on in the course we added a task here, task 21 User Testing, and because it wasn’t in the baseline that we saved earlier on if we now run Earned Value Analysis and the figures for User Testing will be included we will get a slightly misleading set of results in relation to User Testing, Testing and in fact the whole project due to the fact that in the comparison between the project as it is now and the baseline that was saved earlier on there is a difference of one task. You may well accept discrepancies like this one on the grounds that they are relatively small percentage of figures overall. But if you really did discover that you’d missed a whole chunk of a project or perhaps part of a project is de-scoped, a whole set of tasks are to be taken out, it would be much more useful to save a new baseline or at least adapt the original baseline to take those tasks out of the original baseline. Sorry, we couldn't fit the entire video transcription here since YouTube only allows 5000 characters.
Views: 6498 Simon Sez IT
Project 2016 Tutorial Using Earned Value Analysis Microsoft Training
 
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FREE Course! Click: https://www.teachucomp.com/free Learn about Using Earned Value Analysis in Microsoft Project at www.teachUcomp.com. A clip from Mastering Project Made Easy v. 2016. http://www.teachucomp.com/free - the most comprehensive Project tutorial available. Visit us today!
Views: 4360 TeachUComp
Project Management in Under 5: What is Earned Value Management - EVM?
 
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Earned Value Management (or EVM) is one of the most important techniques for formal project management. If you aspire to lead substantial projects, you'll need to know when and how to deploy this powerful toolset. So, what is Earned Value Management? Here, Dr Mike Clayton, founder of https://OnlinePMCourses.com, answers this question, in under 5 minutes. And we also have a more comprehensive article, 'Earned Value Primer: The Basics of EVM', at: https://onlinepmcourses.com/earned-value-primer/ You might also like… - What is Release Management? https://youtu.be/dvFQrsY_tKg - What is Benefits Management? https://youtu.be/NC8WrPFyoeE - What is a Business Case? https://youtu.be/c95wGysj9Nc - What is Crashing the Timelines? https://youtu.be/HpiaAOn-MsE Please: Give us a like Visit https://OnlinePMCourses.com ...or subscribe to our YouTube Channel by clicking here: https://www.youtube.com/channel/UCMZfp1_wquyegVY9SoER0Nw?sub_confirmation=1
Views: 1453 Online PM Courses
Primavera P6 Training: Intro to Earned Value
 
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http://mssprojectsanalytics.com MSS Inc. certified Primavera P6 consultants discuss the introduction to Earned Value in Primavera P6. MSS Inc. has developed an online Primavera P6 training video course covering the fundamentals of project management in Primavera P6 Release 7. Click on the link to get access to a sample video lesson. http://mssprojectsanalytics.com/get-your-free-sample-video-tutorial/?hsCtaTracking=15a5a0b0-b298-4277-990c-989c656bad4b%7C800e8319-41f1-498c-9247-a796a12ae8b5
Views: 56935 Projects Analytics
Earned Value Analysis for Practical Project Managers
 
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Project Management Tutorials: https://www.udemy.com/earned-value-analysis-for-practical-project-managers/?couponCode=EVM1 Use this coupon code and get the course for FREE Astound your project steering team when you include Earned Value Management into your project management status reports Earned Value Management and Analysis is a project management process for monitoring and reporting the true health of a project By combining the planned scope, schedule and cost with the actual work complete you can assess project performance, estimate the cost at completion and a probable completion date based on current project performance Learn How to Introduce Earned Value Metrics Into Your Project Today in these project management tutorials Identify negative trends before thy become a problem Estimate the true project cost at completion Measure the efficiency of your project teams Gain the respect of your Stakeholders by knowing the true progress of your project Learn the project management skills you need to Master the Process of Measuring and Reporting the Real Health of Your Project Using Earned Value Management Earned Value Management was developed by the US Department of Defence way back in the 1990's. However the real benefits of using the technique were not fully realised. Maybe because the DoD contractors considered it just another requirement that needed to be fulfilled. Nowadays most US Government contractors, DoD, Dept Energy, NASA, etc, include EVM as standard in their project communications Earned Value Analysis can be complex or relatively simple depending on who you ask. By following the practical steps outlined in these project management training videos you will be able to introduce EVA into your project and extract the real meaningful metrics that will allow you to keep your project on track and maybe ahead of the game. The course content is based on short videos; with some multiple choice quizzes to keep you awake. There is also a downloadable excel worksheet that you can use to record your project's progress and calculate the key EVM metrics. This project management fundamentals course is designed for practical project managers, project team members and project stakeholders who want a solid, repeatable solution to their project controlling and status reporting needs By the end of this course you will become a valued member of your project team by demonstrating your knowledge of Earned Value Management and Analysis by introducing EVM into your projects Well done! Earned Value Analysis for Practical Project Managers https://youtu.be/Q86zYKBxYFc Worked Example of Reporting Earned Value Metrics https://youtu.be/fYaynZu_18Y my Practical Project Management Methodology Part 1 https://youtu.be/7ZHgwz1Deqs my Project Management Methodology on One Slide https://youtu.be/oLrJYhJNcj0 my Practical Project Management Methodology Part2 https://youtu.be/oLrJYhJNcj0 my Practical Project Management Methodology Part 3 https://youtu.be/6cTqP1Hwu1w Five Critical Documents Every Successful Project Manager Needs https://youtu.be/tuIiQfMYXoo What is NOT a Project Phase https://youtu.be/4kaXCB8nkQ8
Views: 473 Jeb Riordan
PMP Exam: Earned Value Management - Part 3, Forecasting Completion
 
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Sir Ganttalot helps you prepare for the PMP exam by explaining Earned Value Management. This is a three part lesson. Part 1 covers basic concepts, i.e. how to derive PV (Planned Value), EV (Earned Value) and AC Actual Cost. (These terms are also known as BCWS, BCWP and ACWP respectively.) Part 2 shows how to apply these items to calculate variances (SV - Schedule Variance, CV - Cost Variance, SPI - Schedule Performance Index, CPI - Cost Performance Index). Part 3 explains how Earned Value Management is used to forecast project performance by calculating EAC - Estimate at Completion, ETC - Estimate to Complete, VAC - Variance at Completion, and TCPI - To Complete Performance Index.
Views: 176702 SirGanttalot
Earned Value Management in Primavera P6
 
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Have you ever utilized Primavera P6 to its full capacity and integrated cost and schedule right inside P6? If not, would you be interested in learning how? If you are interested, please let us know here: https://projectcontroltraining.com/evm-p6-interest/
Earned Value Formulas
 
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Here are the earned value management formulas for managing projects. These represent information from The PMBOK(c) Guide to Project Management 5th Ed
Views: 8566 Emily Berry
ANALYZE Earned Value Graphs Like a BOSS on the PMP Exam
 
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How do you interpret earned value graphs? EV, AV, PV when one is above or under the other? Our project management courses are credit eligible for contact hours or professional development units (PDUs). Participants studying for the PMP® exam can claim the contact hours earned to satisfy PMI's eligibility requirements for the PMP® exam. Project managers seeking to maintain their PMP certification can claim the PDUs earned to satisfy PMI's Continuing Certification Requirements. Mission Statement At Praizion Media, our goal is to significantly enhance core competency in project management and equip participants with the necessary tools and skills to hit--the-ground-running in their project work. We are committed to providing clear understanding of the PMBOK® Guide, project management, project management tools, techniques and concepts to participants worldwide. With a mind-set of quality and excellence, we strive to: • Uphold the project management methodology advocated by the Project Management Institute (PMI®). • Present real world project management concepts and examples in an accessible, understandable framework. • Provide PMP® candidates with a mechanism to gauge understanding and preparedness for the PMP® exam. • Reinforce project management sensibility through targetted learning instruction.
Views: 12835 Praizion
Earned Value Management - Software Quality Engineering (Lecture 97)
 
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Earned Value Management Software Quality Engineering
Primavera P6: Earned Value and Baselines
 
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Bill Pepoon, Managing Partner at Construction Science and Primavera Scheduling, explains how Earned Value settings can cause problems with baselines.
Views: 107661 Bill Pepoon
EVM Earned Value Management Basics 1
 
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BOOK: http://www.lulu.com/shop/praizion-media/earned-value-basics/paperback/product-20072648.html
Views: 24122 Praizion
Earned Value Management using an example (agile project)
 
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Earned Value Management (EVM) can equip you with "objective" measures to learn and track below aspects. 1. How much worth of work realized for every one dollar, sponsor invests into the project? 2. What percentage of planned value is delivered at any given point in time? 3. Are we ahead or behind the planned schedule? 4. Are we under or over planned budget? 5. How efficiently are we using time & resources 6. “Where we land up at the end of project if we proceed with this rate? Using EVM measures, we can certainly drive our projects towards better ROI.
Views: 1139 Krishnamurty Pammi
Project Tutorial Using Earned Value Analysis Microsoft Training Lesson 12.1
 
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FREE Course! Click: https://www.teachucomp.com/free Learn how to use earned value analysis in Microsoft Project at www.teachUcomp.com. Get the complete tutorial FREE at http://www.teachucomp.com/free - the most comprehensive Project tutorial available. Visit us today!
Views: 29266 TeachUComp
Earned Value Management (EVM) - Project Management - Example and Key Concepts
 
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Not everyone in the Civil Engineering industry is a technical engineer, there are a large number of jobs occupied by project managers, coordinators, developers and many more who use project management skills daily! These videos are intended to give you some practice and knowledge on the development and management side of engineering projects. ----------------------------------------------------------------------------------------------------------- Now try to solve it on your OWN! Don't just "understand"... PRACTICE!! ----------------------------------------------------------------------------------------------------------- AF MATH AND ENGINEERING - Students Helping Students! Join our Community! =) ------------------------------------- Follow us on Twitter at https://twitter.com/AFMathEng Follow us on Facebook at https://www.facebook.com/AFMath1/?fref=ts #math #civilengineering #engineering #education #edchat #lrnchat #blendchat #mlearning #elearning #ipadchat #pblchat #passiondriven #blendedlearning #ccchat #ccss #commoncore #competencyed #curriculum #deeperlearning #digln #earlyed #edapp #eddata #edleaders #edpolicy #edtech #education #elearning #highschool #leadership #middleschool #literacy #engchat #mathchat #scichat #stem #highered #calculus
Earned Value Management (EVM) Implementation in Primavera P6
 
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Earned Value Management (EVM) Implementation in Primavera P6 ➡️ Check out the EVM in Primavera P6 Online Training here: https://projectcontroltraining.com/evm-p6-early-bird/ ➡️ Get free training series on Earned Value Management at http://www.projectcontroltraining.com/evmfreetraining ➡️ Take your career to the next level of success via comprehensive online training programs in Project Controls: https://www.projectcontrolacademy.com/project-controls-training/ ------ Have you ever utilized Primavera P6 to its full capacity and integrated cost and schedule right inside P6? If not, would you be interested in learning how? We have developed the most comprehensive and practical online training on EVM implementation in Primavera P6. The early bird registrations are now open. Check out more details here if you are interested. https://projectcontroltraining.com/evm-p6-early-bird/ If you liked this video, please give it a thumbs up 👍 , subscribe, share it with your friends. Video Link: https://youtu.be/dHcYDQZeX0I -------------------- FREE RESOURCES -------------------- ➡️Listen & subscribe to the "Project Control Mastery Podcast" on iTunes to get the latest tips in Project Controls : https://itunes.apple.com/us/podcast/project-control-mastery/id1202657673 ➡️Learn How to Succeed in Project Controls and Grow Your Career [ free video training series]: https://projectcontroltraining.com/training/ ➡️Get free training series on Earned Value Management at http://www.projectcontroltraining.com/evmfreetraining -------------------- FOR DAILY RESOURCES ON PROJECT CONTROLS CONNECT WITH SHOHREH & PROJECT CONTROL ACADEMY: -------------------- Website: https://www.projectcontrolacademy.com/ Facebook Community: https://www.facebook.com/ProjectControlAcademy/ Facebook Fan Page: https://www.facebook.com/ShohrehGhorbaniFan/ LinkedIn: https://www.linkedin.com/in/shohrehghorbani LinkedIn Company Page: https://www.linkedin.com/company/project-control-academy/ Instagram: https://www.instagram.com/projectcontrolacademy ------------------- SUBSCRIBE TO GET THE LATEST PROJECT CONTROL TRAINING AT YOUR FINGERTIPS !! -------------------- ➡️Subscribe to YouTube: http://www.youtube.com/c/Projectcontrolacademy ➡️Subscribe to iTunes podcast: https://itunes.apple.com/us/podcast/project-control-mastery/id1202657673 ➡️Join the newsletter & receive new training videos in your mailbox: https://projectcontroltraining.com/training/ -------------------- ABOUT THE INSTRUCTOR, SHOHREH GHORBANI -------------------- Shohreh Ghorbani is an internationally recognized program developer and instructor in the field of Project Controls. As the founder and director of Project Control Academy, the leading provider of comprehensive and practical trainings in project controls and earned value management, Shohreh has served thousands of professionals to take their project controls skills to the next level. With her impressive track record in teaching and years of hands-on experience on a broad range of project control technical areas in various industries, clients have acknowledged Shohreh as a subject matter expert and passionate trainer who transfers the knowledge of project controls in a simple and understandable manner. Shohreh is a licensed project management professional (PMP) recognized by Project Management Institute (PMI) and a professional member of the American Association of Cost Engineers (AACE). She holds a Master of Science in Industrial Engineering. Meet her at https://www.projectcontrolacademy.com/ -------------------- ABOUT THE PROJECT CONTROL MASTERY VIDEO SERIES -------------------- The Project Control Mastery is a free video training platform on #ProjectControls, where you learn how to master your skills and knowledge in Project Controls and grow your career to the next level of success.
Earned Value Calculations -  Solving For EV - PMP Exam Prep
 
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When preparing for the PMP Certification Exam, we are required to memorize and calculate several equations for Earned Value (EV). More recently, these simple equations are presented with a twist. Watch this video and learn how to handle these tricky questions.
Views: 8495 Banyan Group
APM PMP PMQ - Learn earned value formula in 16 minutes  #APM PMQ
 
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https://www.projex.com/apm-pmq-primer-project-management-qualification/ Use my "secret sauce" EVM memorization technique to breeze through your exam - pass first time at
Views: 6197 Projex Academy
Earned Value Management - Excel Template - Tour
 
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Earned Value Management (EVM) is a technique used in project management to measure progress of a project with respect to cost. In this video, we will cover the basics of EVM, why it is useful, terms used and their definitions. Download Free Template: https://indzara.com/2016/02/earned-value-management-free-excel-template/ I have followed the terminology as presented in the PMBOK (Project Management Body of Knowledge). TERMS & DEFINITIONS PLANNED VALUE (PV): Authorized Budget assigned to the scheduled work EARNED VALUE (EV): Measure of actual work performed expressed as budget authorized for that work ACTUAL COST (AC): Actual cost incurred for the work performed SCHEDULE VARIANCE (SV): Amount by which project is ahead or behind plan = EV – PV COST VARIANCE (CV): Amount by which actual cost is ahead or behind planned cost = EV – AC BUDGET AT COMPLETION (BAC): Total Budget assigned to the entire plan SCHEDULE PERFORMANCE INDEX (SPI): Measure of Schedule efficiency expressed as Earned Value to Planned Value = EV/PV COST PERFORMANCE INDEX (CPI): Measure of Cost efficiency expressed as Earned Value to Actual Cost = EV/AC We also cover forecasting terms. Estimate at Completion, Estimate to Complete, To-Complete Performance Index. Simple and Effective Excel Templates: http://www.indzara.com/ Free Excel Templates: http://www.indzara.com/free-excel-templates/ Premium Excel Templates: http://www.indzara.com/shop/ Project Management Templates: http://www.indzara.com/project-management-excel-templates/ Inventory Management Templates: http://www.indzara.com/inventory-management-excel-templates/ Free Excel Course: http://www.indzara.com/useful-excel-for-beginners/ Social: Subscribe to YouTube: http://www.youtube.com/user/theindzara?sub_confirmation=1 Facebook: https://www.facebook.com/theindzara YouTube: https://www.youtube.com/user/theindzara LinkedIn: https://www.linkedin.com/company/indzara Twitter: https://www.youtube.com/user/theindzara -~-~~-~~~-~~-~- Please watch my latest video: "Highlight events, weekends and holidays on calendar in Excel" https://www.youtube.com/watch?v=b0lWFlhAj3k -~-~~-~~~-~~-~-
Views: 9158 Indzara
All PMP Cost Management Formulas | Earned Value Management - CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC
 
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COST MANAGEMENT https://goo.gl/4ZRw4N RELATED ARTICLE http://www.pmclounge.com/2019/03/all-pmp-cost-management-formulas/ EARNED VALUE MANAGEMENT (EVM) https://goo.gl/MFcQcd COST MANAGEMENT: FAQs https://goo.gl/YdX2LQ VLOGS - LOUNGING AROUND https://goo.gl/3p7bbe SHOP FOR PMP AT AMAZON INDIA http://amzn.to/2xjhXlS PMP STUDY PLAN http://pmclounge.com/pmp-study-plan/ PMP PREPARATION RESOURCES http://pmclounge.com/pmp-preparation-resources/ CONNECT Website - http://pmclounge.com/ Facebook - https://www.facebook.com/pmclounge Twitter - https://twitter.com/pmclounge #PMP #CostManagement #PMCLounge
Views: 602 PMC Lounge
Earned Value Analysis
 
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In this brief tutorial, you will learn how to forecasting and Balance Cash Flows