What is Earned Value Management? | EVM | CV, SV, CPI, SPI, EAC, ETC, TCPI, VAC | PMP Exam

Earned Value Management or EVM is a systematic approach to analyze project status with respect to planned scope, planned schedule and planned cost. This is also referred to as Earned Value Analysis or EVA.

Reference Timestamps
0:15 Basics: Earned Value, Planned Value, Cost Variance (CV) and Schedule Variance (SV)
4:30 Cost Performance Index (CPI) and Schedule Performance Index (SPI)
8:21 EVM Terms: BAC, ETC, EAC, VAC, PMP
12:22 Forecasting: Scenario 1
15:12 Forecasting: Scenario 2
18:29 Forecasting: Scenario 3
20:43 Forecasting: Scenario 4
22:45 TCPI: To Complete Performance Index
25:15 Solved Problem #1
27:51 Solved Problem #2

This lesson addresses the following
- What is Earned Value Technique?
- What is Value in Earned Value Management?
- What is Earned Value (EV), Planned Value (PV) and Actual Cost (AC)?
- What is Schedule Variance (SV)?
- What is Cost Variance (CV)?
- How to calculate schedule variance (SV)?
- How to calculate cost variance (CV)?
- What is the Cost Performance Index (CPI)?
- What is the Schedule Performance Index (SPI)?
- What is Performance Management Baseline (PMB)?
- What is Budget at Completion (BAC)?
- What is Estimate at Completion (EAC) and Estimate to Completion (ETC)?
- How to calculate Estimate at Completion (EAC) and Estimate to Completion (ETC)?
- Why do we have multiple forecasting techniques in EVM?
- What is TCPI or To Complete Performance Index?
- Earned Value Management Questions
- Earned Value Management Formulas
- Earned Value Management Problems

Additional Lessons
1. Fixed Price Incentive Fee Contracts: https://youtu.be/isEWkF5sOsQ
2. Firm Fixed Price Contracts: https://youtu.be/BtbTCzGiDUk
3. Cost Plus Incentive Fee Contracts: https://youtu.be/CCGxSMx1zIQ
4. Time Value of Money: https://youtu.be/jmkKo-vQZhk
5. NPV and IRR: https://youtu.be/56pjqu470Vo
6. Benefit-Cost Ratio & ROI: https://youtu.be/8mAR-Tpz_H0
7. Straight Line Depreciation: https://youtu.be/XTsP-PSRavM
8. Double Declining Balance Depreciation: https://youtu.be/7a8wl3BLzi4
9. Sum Of Years Digits Depreciation: https://youtu.be/Y6CKYJHRpJc

All the best with your PMP exam!!
[Schedule Variance]
Schedule Variance and Cost Variance
Schedule Variance in Project Management
Schedule Variance Formula
Schedule Variance Calculation Example
Schedule Variance Example
Schedule Variance Graph
Schedule Variance Formula with Example

[Cost Variance]
Cost Variance Analysis
Cost Variance Project Management
Cost Variance Formula
Cost Variance and Schedule Variance

[Schedule Performance Index]
Schedule Performance Index (SPI)
Schedule Performance Index Calculator
Schedule Performance Index PMP
Schedule Performance Index Formula
Cost Performance Index and Schedule Performance Index

[Cost Performance Index]
Cost Performance Index in Project Management
Cost Performance Index Example
Cost Performance Index Calculation

[Budget At Completion]
Budget At Completion Project Management
Budget At Completion Example
Budget At Completion Formula
Budget At Completion PMP
#SunnySensei #EarnedValueAnalysis #EVA #TCPI #PMP

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