Project performance measurement
Project Management: Earned Value Management
Measure project cost and schedule performance using earned-value concepts, indicators, forecasts, and management interpretation.
See whether a project is truly on time and on budget.
For project managers, controllers, planners, and professionals responsible for monitoring and explaining project performance.
Understand planned value, earned value, and actual cost.
Calculate and interpret schedule and cost variances.
Use performance indices and forecasting measures.
Communicate project status using defensible evidence.
Course overview
A practical, instructor-led program with guided exercises and workplace examples. Open a topic to see the coverage.
Part 1. Introduction to EVM
- Definition and Purpose of Earned Value Management
- Importance of EVM in Project Control
Part 2. Key Concepts and Terminology
- Planned Value (PV) / Budgeted Cost of Work Scheduled (BCWS)
- Earned Value (EV) / Budgeted Cost of Work Performed (BCWP)
Part 3. Variance Analysis
- Cost Variance (CV) = EV – AC
- Schedule Variance (SV) = EV – PV
Part 4. Performance Indices
- Cost Performance Index (CPI) = EV / AC
- Schedule Performance Index (SPI) = EV / PV
Part 5. Forecasting Project Performance
- Estimate at Completion (EAC) Formulas:
- EAC = BAC / CPI
Part 6. EVM Graphs and Reports
- S-Curve Interpretation (PV, EV, AC Lines)
- Visualizing Performance Trends Over Time
Part 7. Integrating EVM into Project Management
- Steps to Implement EVM in a Project
- Data Collection and Baseline Setup
Part 8. Case Study and Hands-On Application
- Real-World Scenario or Sample Project Data
- Compute EV, PV, AC, Variances, and Indices
Full course outline
Review the complete legacy course outline, including all detailed subtopics.
View full outline
- Part 1. Introduction to EVM
- Definition and Purpose of Earned Value Management
- Importance of EVM in Project Control
- Benefits of EVM for Project Managers and Stakeholders
- Common Misconceptions about EVM
- Part 2. Key Concepts and Terminology
- Planned Value (PV) / Budgeted Cost of Work Scheduled (BCWS)
- Earned Value (EV) / Budgeted Cost of Work Performed (BCWP)
- Actual Cost (AC) / Actual Cost of Work Performed (ACWP)
- Budget at Completion (BAC)
- Estimate at Completion (EAC)
- Estimate to Complete (ETC)
- Variance at Completion (VAC)
- Part 3. Variance Analysis
- Cost Variance (CV) = EV – AC
- Schedule Variance (SV) = EV – PV
- Interpreting Positive and Negative Variances
- Using Variance Analysis to Identify Risks and Performance Issues
- Part 4. Performance Indices
- Cost Performance Index (CPI) = EV / AC
- Schedule Performance Index (SPI) = EV / PV
- Interpretation of CPI and SPI Values
- Tracking Efficiency and Predicting Trends
- Part 5. Forecasting Project Performance
- Estimate at Completion (EAC) Formulas:
- EAC = BAC / CPI
- EAC = AC + (BAC – EV)
- EAC = AC + (BAC – EV) / (CPI × SPI)
- Estimate to Complete (ETC) and Variance at Completion (VAC)
- Forecasting Time and Cost to Project Completion
- Part 6. EVM Graphs and Reports
- S-Curve Interpretation (PV, EV, AC Lines)
- Visualizing Performance Trends Over Time
- Reporting EVM Metrics to Stakeholders
- Using Dashboards and Project Management Software for EVM
- Part 7. Integrating EVM into Project Management
- Steps to Implement EVM in a Project
- Data Collection and Baseline Setup
- Monitoring and Updating Progress
- Corrective and Preventive Actions
- Part 8. Case Study and Hands-On Application
- Real-World Scenario or Sample Project Data
- Compute EV, PV, AC, Variances, and Indices
- Interpret Results and Recommend Actions