Earned value analysis (EVA) for PMP & CAPM Exams

Earned value analysis (EVA) for PMP & CAPM Exams free download

Earned value analysis (EVA) for PMP & CAPM Exams

Earned value management, earned value project management, or earned value performance management is a project management technique for measuring project performance and progress in an objective manner.

This course will help you to understand Earned Value Analysis (EVA) for PMP & CAPM Exams

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 analysing variances in the schedule and budget as the project proceeds.

This course covers, Earned value analysis (EVA) concept with one practical example with samples questions.

Earned value analysis is the project management tool that is used to measure project progress. It compares the actual work completed at any time to the original budget and schedule. It forecasts the final budget and schedule and analyses the path to get there. It gives you the essential early warning signals.

There are 8 steps to performing earned value analysis effectively. It may seem like a lot at first glance, but for small projects this takes five minutes once you learn how to do it:

1. Determine the percent complete of each task.

2. Determine Planned Value (PV).

3. Determine Earned Value (EV).

4. Obtain Actual Cost (AC).

5. Calculate Schedule Variance (SV).

6. Calculate Cost Variance (CV).

7. Calculate Other Status Indicators (SPI, CPI, EAC, ETC, and TCPI

8. Compile Results.