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.
Duration : 0:9:13
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The day we got our certificates after completing training for Project Management Professional.
Now, Let me tell you more about the PMP Exam. Its a four hour exam consisting of 200 questions. Out of this 200, 25 questions are not scored. But beware; you will not know which these 25 questions are! So you should answer all 200 questions, with same seriousness.
The practice of project management has evolved from improving project performance school of thought to making it indispensable for The practice of project management has evolved from improving project performance school of thought to making it indispensable for business success. This lecture video provides an insightful and conceptual overview of this evolution in 4 parts. Please do fill in the feedback at the end of the lectures.