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 : 0:9:20
January 29th, 2010 at 7:13 pm
I like your …
I like your simplicity. It really drives home the concepts very clear!
January 29th, 2010 at 7:13 pm
Thanks for the kind …
Thanks for the kind words. The graph is a PPT slide with animation. The various items “appear” as “entrance” effects. I used the draw tool to make the curved lines. In live classes I most often draw this out on a whiteboard, but occasionally there isn’t a whiteboard available so the slides are a useful backup.
January 29th, 2010 at 7:13 pm
I lOVE the S Curve …
I lOVE the S Curve graph and it would be very useful in some of my PPT presentations. How’d you create that?
January 29th, 2010 at 7:13 pm
Well done for …
Well done for passing the CAPM. It’s a tough exam. Thanks for the feedback and Happy Holidays to you too.
January 29th, 2010 at 7:13 pm
Thanks for taking …
Thanks for taking the time to give this feedback, and congratulations on your graduation. I’m pleased the video was helpful to you and potentially to your Mom too! All the best.
January 29th, 2010 at 7:13 pm
Thank you, …
Thank you, SirGanttalot for great vids. I just passed CAPM today and I wanted to stop by and say Happy holidays…. Thanks for posting these.
January 29th, 2010 at 7:13 pm
Congratulations for …
Congratulations for you fabulous video!
I have just graduated in Civil Engineering and now i am working with project management. Unfortunately during graduation i had not any deep discipline in PM and know i get to learn everything alone!. With you video even my MOM could learn alone! Hi Hi Hi
Once more, congratulations on your job!
Best Wishes from Brazil!
January 29th, 2010 at 7:13 pm
It seems to be …
It seems to be working OK. Are you able to see the other videos I posted? Maybe there was a YouTube outage.
January 29th, 2010 at 7:13 pm
I’m getting an …
I’m getting an error message followed by “please try again later.” Is this video still available?
January 29th, 2010 at 7:13 pm
Thanks so much it …
Thanks so much it is really helpful
January 29th, 2010 at 7:13 pm
Thanks for the …
Thanks for the feedback and for your kind comments. I am glad to hear that you find the videos helpful. I always welcome suggestions for additional video topics, by the way. Next up will most likely be a video on confidence levels (the Sigma values) for duration and cost estimates.
January 29th, 2010 at 7:13 pm
SirGanttalot i have …
SirGanttalot i have seen all your viedoes and they the best posts on youtube in project management. All these viedos gives detail info how project mgt is practically used. One thing I can definatelly say is you have lot of experence with microsoft project. Thanks for the posts & expect to see more in near future
January 29th, 2010 at 7:13 pm
Your postings are …
Your postings are always extremely informative and explained in a format that clears up any areas of confusion! Cheers!