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:    • What is a Fixed Price Incentive Fee C...  
2. Firm Fixed Price Contracts:    • What is a Firm Fixed Price Contract? ...  
3. Cost Plus Incentive Fee Contracts:    • Cost Plus Incentive Fee Contracts (CP...  
4. Time Value of Money:    • What is Time Value of Money? | Presen...  
5. NPV and IRR:    • What is Net Present Value and Interna...  
6. Benefit-Cost Ratio & ROI:    • Benefit-Cost Ratio & Return-on-Invest...  
7. Straight Line Depreciation:    • What is Straight Line Depreciation Me...  
8. Double Declining Balance Depreciation:    • What is Double Declining Balance Meth...  
9. Sum Of Years Digits Depreciation:    • Sum Of Years Digits Depreciation: Con...  

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


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