PMP Exam: Earned Value Management – Part 1, Basic Concepts | PMP Certification

PMP Exam: Earned Value Management – Part 1, Basic Concepts

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 : 0:9:27


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Posted in pmp certification exam | 9 Comments »

9 Responses

  1. SirGanttalot Says:
    January 30th, 2010 at 2:18 pm

    Thanks….this …
    Thanks….this knowledge is definitely volatile data that’s for sure! Bring in Sir Ganttalot for you next seminar. It may still be grueling but it would be entertaining as well! Best regards,

  2. createsf Says:
    January 30th, 2010 at 2:18 pm

    Really good job. I …
    Really good job. I received my PMP in 2001, but am always looking for ways to reinforce learning. I just finished a grueling 2 week eSeminar from PMI which required usage of all of these concepts. Wished I’d had this refresher before hand!

  3. drokoton Says:
    January 30th, 2010 at 2:18 pm

    Thank you for …
    Thank you for sharing your experience and knowledge with us. You are doing a great job :)

  4. abu3li1973 Says:
    January 30th, 2010 at 2:18 pm

    u r gr8 ,
    im …
    u r gr8 ,
    im preparing to pm exam , n iam listenin to ur tips
    its usefull n helping me alot to understand alot of things in pmbok
    i recommend also if u can put some sinarios
    or case questions / answers
    that would be very helpfull to whom gonna take the exam
    again , thx alot

  5. SirGanttalot Says:
    January 30th, 2010 at 2:18 pm

    Thanks for the …
    Thanks for the feedback. Click on the SirGanttalot blue name towards the top right of the page. That will take you to the Sir Ganttalot home page where there is more information about me and my company. Best regards.

  6. realpearlgarden Says:
    January 30th, 2010 at 2:18 pm

    great ………… …
    great ………… what is ur name sir,,,,,,,,,

  7. platriani Says:
    January 30th, 2010 at 2:18 pm

    awesome – don’t go …
    awesome – don’t go to wikipedia – it’ll eat yourbrain

  8. azamora2005 Says:
    January 30th, 2010 at 2:18 pm

    nice video! THANK …
    nice video! THANK YOU!

  9. Seek284 Says:
    January 30th, 2010 at 2:18 pm

    Sir “G”, thanks for …
    Sir “G”, thanks for the clear, and concise info. It’s a great help with EVM and certainly one I will refer to in future!

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