Project Management Professional (PMP)® Earned Value Management : Cost Control | iZenBridge

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One of the most important topics from the PMP® exam point of view.

We begin with an example- primary assumption of earned value is -- whatever we do in a project has some value.

"This value is the amount of work we are getting against our budgeted amount"

-The earned value calculation we use budgeted amount budget at completion
-Earned value measures the performance, schedule and time in monetary terms
Explained with the help of an example
-Earned value curve or S-Curve discussed
-What is cost variance and schedule variance
-Cost performance index and schedule performance index

The entire topic is discussed and explained with the help of an example so as to give an idea of the practical implication of the process.

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The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.

Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017.

The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

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