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PMP Exam: Earned Value Management – Part 2, Variances and Index Values

admin — Sat, 30 Jan 2010 00:13:07 +0000

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

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PMP Exam Preparation: Introduction to Three Point Estimating

admin — Sat, 30 Jan 2010 00:13:05 +0000

Sir Ganttalot helps you prepare for the PMP exam by explaining Three-Point Estimating. The video explains how to derive a Mean Estimate, how to calculate Standard Deviation (Sigma), and how to calculate Variance. In all cases both Triangular and PERT techniques are addressed. A second, related, video then shows how to apply Sigma values to calculate Confidence Levels for Estimates

Duration : 0:9:37

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PMP Exam: Earned Value Management – Part 3, Forecasting Completion

admin — Tue, 26 Jan 2010 14:55:13 +0000

Duration : 0:9:13

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PMP Exam Preparation: Confidence Levels Based on Standard Deviation (Sigma) Values

admin — Sat, 23 Jan 2010 07:57:04 +0000

Sir Ganttalot helps you prepare for the PMP exam by explaining how to apply Standard Deviation (Sigma) values to calculate Confidence Levels for Estimates. A related video explains how Mean Estimates and Standard Deviation are derived in the first place, using Triangular and PERT techniques.

Duration : 0:9:26

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PMP Exam – Critical Path Part 2

admin — Mon, 28 Dec 2009 06:41:21 +0000

Sir Ganttalot helps you prepare for the PMP exam by explaining Critical Path and Float/Slack analysis. This Part 2 video explores in detail the forward/backward pass approach to identify the Critical Path in a project network and to determine the float/slack for non-critical tasks. The Part 1 session covered a quick and easy “eyeballing” method that will equip you to answer most of the likely questions on this topic in the PMP exam. This second video will allow you to answer questions involving Early/Late Start/Finish through the use of the forward/backward pass technique.

Duration : 0:9:55

[youtube irfI_eSQ0M4]

PMP Exam – Critical Path Part 1

admin — Thu, 24 Dec 2009 06:57:09 +0000

Sir Ganttalot helps you prepare for the PMP exam by explaining Critical Path and Float/Slack analysis. This is a two part lesson. Part 1 covers a quick and easy “eyeballing” method to identify the Critical Path in a project network and to determine the float/slack for non-critical tasks. Part 2 explores in detail the forward/backward pass approach.

Duration : 0:9:19

[youtube zUUhrT5vIwg]

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

admin — Sun, 20 Dec 2009 03:05:22 +0000

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

[youtube UggTFk2EiUg]