Example 3 - EVM at Task Level to Project Level fully explained

Other Earned Value Management videos where formulas are explained and interpreted.
Example 1 - EVM made easy (CZcams Link: • Example 1 Earned Value... )
Example 2 - EVM made easy (CZcams: • Example 2 Earned Value... )
Earned Value Analysis explained on Microsoft Project - Example 1 ( • MS Project - Earned Va... )
/ @pieterrademeyer1 (Visit my Channel for Project Management topics and videos)
This video uses an example to explains how Earned Value Management (EVM) can be used on Project Task Level and then how it is rolled up to Project Level.
The following are discussed in this video:
(1) preparation of a Gantt Chart and calculating baseline costs
(2) calculating of progress up to the project status date (or status line)
(3) preparation of a earned value management graph
(4) calculating planned value (PV) or BCWP, earned value (EV) or BCWP, and actual cost (AC) or ACWP
(5) calculating the earned value management schedule indicators (SV, SV%, SPI)
(6) calculating the earned value management cost indicators (CV, CV%, CPI, EAC, VAC, TCPI)
EVM Abbreviations: planned value(PV), actual cost (AC), earned value (EV), and budget at completion (BAC), schedule variance (SV), schedule performance index (SPI), schedule variance percentage (SV%), cost variance (CV), cost performance index(CPI), cost variance percentage (CV%), estimate at completion (EAC), estimate to complete (ETC), variance at completion (VAC), and the to-complete-performance index (TCPI). The formulas for earned value management can also be obtained from the Project Management Body of Knowledge (PMBOK).

[@KINGVALEMUSIC_]

Great and simple explanation of a more complex topic. Thank you!

[@user-sy2ov7up2l]

very informative, thank you Pieter.

[@faisalhs6493]

I love this.