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

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PMP Exam: Earned Value Management - Part 1, Basic Concepts video:


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.

PMP Exam: Earned Value Management - Part 1, Basic Concepts Category: Education
PMP Exam: Earned Value Management - Part 1, Basic Concepts Uploaded: February 19th, 2009 @ 4:22 am
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PMP Exam: Earned Value Management - Part 1, Basic Concepts Length: 09:27
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Tags: pmp exam preparation sir ganttalot sirganttalot earned value management pmbok bcws bcwp acwp sv cv cpi spi eac etc vac tcpi

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