What is Earned Value Management? | EVM | CV, SV, CPI, SPI, EAC, ETC, TCPI, VAC | PMP Exam

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. Reference Timestamps 0:15 Basics: Earned Value, Planned Value, Cost Variance (CV) and Schedule Variance (SV) 4:30 Cost Performance Index (CPI) and Schedule Performance Index (SPI) 8:21 EVM Terms: BAC, ETC, EAC, VAC, PMP 12:22 Forecasting: Scenario 1 15:12 Forecasting: Scenario 2 18:29 Forecasting: Scenario 3 20:43 Forecasting: Scenario 4 22:45 TCPI: To Complete Performance Index 25:15 Solved Problem #1 27:51 Solved Problem #2 This lesson addresses the following - What is Earned Value Technique? - What is Value in Earned Value Management? - What is Earned Value (EV), Planned Value (PV) and Actual Cost (AC)? - What is Schedule Variance (SV)? - What is Cost Variance (CV)? - How to calculate schedule variance (SV)? - How to calculate cost variance (CV)? - What is the Cost Performance Index (CPI)? - What is the Schedule Performance Index (SPI)? - What is Performance Management Baseline (PMB)? - What is Budget at Completion (BAC)? - What is Estimate at Completion (EAC) and Estimate to Completion (ETC)? - How to calculate Estimate at Completion (EAC) and Estimate to Completion (ETC)? - Why do we have multiple forecasting techniques in EVM? - What is TCPI or To Complete Performance Index? - Earned Value Management Questions - Earned Value Management Formulas - Earned Value Management Problems Additional Lessons 1. Fixed Price Incentive Fee Contracts: https://youtu.be/isEWkF5sOsQ 2. Firm Fixed Price Contracts: https://youtu.be/BtbTCzGiDUk 3. Cost Plus Incentive Fee Contracts: https://youtu.be/CCGxSMx1zIQ 4. Time Value of Money: https://youtu.be/jmkKo-vQZhk 5. NPV and IRR: https://youtu.be/56pjqu470Vo 6. Benefit-Cost Ratio & ROI: https://youtu.be/8mAR-Tpz_H0 7. Straight Line Depreciation: https://youtu.be/XTsP-PSRavM 8. Double Declining Balance Depreciation: https://youtu.be/7a8wl3BLzi4 9. Sum Of Years Digits Depreciation: https://youtu.be/Y6CKYJHRpJc 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 #PMP