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Project Earned Value Management
Learn to control project performance using project earned value management.Preview the first lesson free — get full access to all 20 lessons.
Essential Provider : Eddie Merla 6 chapters · 20 Lessons · 1h 24m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Effective project management starts with understanding all the processes that make up a project. From initiating to closing, the best project managers know how to assess every step with a detailed, objective eye. The earned value management approach provides the methods you need to get there.
In this Project Earned Value Management course, you’ll be introduced to the earned value management approach to project planning. You’ll learn about performance measurement baseline, or PMB, and other essential tools to help you lay the foundations of a rigorously organized project plan. By understanding the earned value management approach, you will learn how to direct your project’s workflow for maximum efficiency and success.
What You'll Learn
- Develop a Performance Measurement Baseline (PMB) to lay the foundation of an organized project plan
- Integrate scope, schedule, and cost using the earned value management approach
- Apply methods for determining earned value on a project
- Analyze performance variances and identify appropriate reactions to those variances
- Use earned value management formulas and objective status reporting methods
- Manage changes, risks, corrections, and updates within an earned value management project
Key Takeaways
- Effective project management starts with understanding all the processes that make up a project, from initiating to closing.
- The earned value management approach provides the methods needed to assess every project step with a detailed, objective eye.
- The performance measurement baseline (PMB) is an essential tool for laying the foundations of a rigorously organized project plan.
- Earned value management integrates scope, schedule, and cost to direct a project's workflow for maximum efficiency and success.
- The course covers earned value management formulas, objective status reporting, change management, and risk management.
Frequently Asked Questions
What is this course about?
This course introduces the earned value management approach to project planning, including the performance measurement baseline (PMB) and other essential tools for building a rigorously organized project plan.
What will I learn to do in this course?
You will learn how to develop a Performance Measurement Baseline, integrate scope, schedule, and cost, determine earned value on a project, understand performance variances and reactions to them, and apply earned value management formulas and reporting methods.
What topics do the lessons cover?
Lessons cover the principles, terminology, and stages of earned value management, planning and building the performance baseline, collecting data, performance formulas, objective status reporting, corrections and updates, reports and review, change management, and risk management.
What skills does this course help build?
The course builds skills in Earned Value Management, Project Accounting, Project Cost Management, Project Management, Project Management Institute (PMI) Methodology, and Value Process Management.
Who is this course for?
It is suited for project managers who want to understand the earned value management approach in order to direct their project's workflow for maximum efficiency and success.
Professional Certifications and Continuing Education Units (CEUs)
International Institute of Business Analysis (IIBA®)
Continuing Development Units (CDUs): 1.5
Project Management Institute (PMI®)
Professional Development Units (PDUs): 1.5
KnowledgeCity has been reviewed and approved by the PMI® Authorized Training Partner Program. Users can maintain your PMI credentials by earning PDUs from KnowledgeCity qualified courses in Project Management, Business Management, Leadership and many others.
