Practical Earned Value Analysis

25 KPI's from 5 Simple Project Management Measurements

What you'll learn

Learn the procedures for developing 25 Project Management KPI's

Find out how to extract them from basic project tracking data

Use the KPI's for performance measurements and accountability in projects

Use the KPI's for the control of cost and schedule plans and execution

Use the KPI's for predicting performance and avoiding risks

Improve communications between project teams by the use of standard indicators

Requirements

The course does not require major competence. Just highschool algebra and a working knowledge of Excel to allow you to manipulate all examples and calculations.

Description

Earned Value Analysis (EVA) is a computational technique that uses 5 key measurements in a project to generate more than 25 KPI's. These KPI's will give the stakeholders answers to such questions: where are we in time? Where are we in actual costs? How much can we earn? They will cover questions about the performance of a project, its rates, indices and percentages. More importantly, EVA KPI's can analyze projects so that specific indices can be use to inform the management about the possibility of correcting schedules or costs to meet the original plans.This course starts by explaining the 5 measurements and showing how EVA focuses on Earned Values EV, (often called Budgeted Cost of Work Performed (BCWP). This becomes the reference measure to compare planned values and actual costs. The course proceeds to present the 25 KPI's grouped under 6 lectures, each with its own detailed explanation, examples and most with accompanying Excel workbooks showing how the calculations takes place.The course does not require advanced pre-requisities. Plain arithmetic and some highschool algebra would be more than enough. As for Microsoft Excel, a working knowledge of this tool would be a great help to your manipulate that many workouts that are provided with the course.

Overview

Section 1: Introduction

Lecture 1 Introduction to the Course and its Structure

Lecture 2 Life before EVA and the 5 Measurements

Section 2: The 25 Earned Value Analysis Indicators

Lecture 3 Indicators 01 to 04 A Few Basic Indicators (SV, SPI, CV, CPI)

Lecture 4 Indicators 05 to 09 Rates from PV, EV, AC and Time

Lecture 5 Indicators 10 to 15 Time‑based EVA Indicators

Lecture 6 Indicators 16 to 18 Percentages that Analyze Completion

Lecture 7 Indicators 19 to 23 Estimates and Forecasts of Completion

Lecture 8 Indicators 24 to 25 Indicators that Help to Complete a Delinquent Project

Project Leaders and Managers,Contractors and suppliers,Planners,Budgeting personnel,Scheduling personnel,Auditors and Financial Controllers,Cost Analysts,Data Analysts involved in providing corporate analytics,IT personnel involved with Enterprise Project Management (EPM),Operations and Technical Managers,Students embarking on learning Project Management,Project Managers embarking on PMI certification (PMBOK and PMP),Senior Directors and Management,Project Team Members