Project Management Professional (PMP)® Earned Value Management : Cost Control | iZenBridge
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- Опубликовано: 8 сен 2024
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One of the most important topics from the PMP® exam point of view.
We begin with an example- primary assumption of earned value is -- whatever we do in a project has some value.
"This value is the amount of work we are getting against our budgeted amount"
-The earned value calculation we use budgeted amount budget at completion
-Earned value measures the performance, schedule and time in monetary terms
Explained with the help of an example
-Earned value curve or S-Curve discussed
-What is cost variance and schedule variance
-Cost performance index and schedule performance index
The entire topic is discussed and explained with the help of an example so as to give an idea of the practical implication of the process.
Watch the full video session and drop us feedback. We would love to add more value to our video presentations with your assistance.
The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.
Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Get PMP® certified in 45 Days with PMBOK ® Guide: bit.ly/37vUkrY
#PMP #iZenBridge #ProjectManagement #EarnedValue
Hello, I've studied your videos a lot to understand in depth all the formulas that occur in PMI world. I passed the PMP exam successfully yesterday and I want to thank you a lot for your help on that. All the best, Palo
This teacher is a ROCK STAR! I was stuck with EVM and these 30 minutes I spent on EVM were the most clarifying minutes for a very complex and nerve wracking topic. Very good explanation and with the example, it made 100% sense. BRILLIANT PROFESSOR! Saket Bansal is the best!!
Hi Manoj, Thanks for exploring our content. Good to know that you found our content helpful.
You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/
This is one of the best explanation of EVM i have come across.
Thanks Saket for your guidance :)
Today I passed PMP with Above Target (4 Above Target & 1 Below Target )
Congratulations for your PMP Certification, do let us know when you think of exploring Agile.
The best way to explain EVM, whenever I need calrification I refer your video. Saket sir you have really unique style of delivering lecture. Please keep it same. I am siting for my PMP on 3rd Oct 2017.
Thanks for exploring our content :) good to know you found it helpful.
Project Management Program is gaining more and more importance in every aspect of economic development activity
I was searching how to calculate free float and I can not believe this 7-Years old video helped me a lot. And the new one you made also very insightful. Thank you so much!
Glad it helped! You can also explore complete PMP program here - www.izenbridge.com/pmp/online-course/
It is complete and comes with an end to end support.
Best wishes to all the PMP aspirants.
Pl follow the link below for one of the best book in your last stage of preparation.
www.prowesspub.com/book-details.html?orderId=3203
Today i passed PMP exam. Videos of IzenBridge helped me to clear my concepts. Thanks Mr. Basel.
+Attaullah Sohu Many congratulations :)
I again thank you and would recommend ur videos and lectures to other PMP insipirants....
I never understood when i read book. This presentation is worth spending time. So simple and so accurate. You explain better then Rita!
hvalecha Stay connected, wekeep doing many webinars on PMP topics :)
Saket, you are a passionate evangelist for Project Management theory and practice. Your 37" clip on PMP "Earned Value Management : Cost Control" demystified the topic of Earned Value Management and I learned in more in the 37 minutes than I have learned from PMBOK and other learning sources.
You are a National Treasure!!!!
Michael
Thank you Michael Beres for your comment, and we are happy to know this video helped you in understanding Cost Control, you may also join our forum.izenbridge.com to discuss PMP topics.
What an easy way of Explaining the Critical Topic.
Happy to know that you liked video, to know more about Saket training programs, please visit - www.izenbridge.com/landing/youtube/Saket-Bansal/
yesterday I cleared my PMP!! your video particularly Risk and Earned value was a great help... thank you so much saket!
Congratulations for your PMP exam, and thank you for sharing this news with us. We are happy to know that you found our content useful.
I have an exam about this, i really need more lessons, will probably watch this 10 times!
Thanks for exploring our content :) and also thank you for your valuable feedback.
You can explore our complete content for PMP Online Self-Paced Program here:
1. Course content based on PMBOK5: www.izenbridge.com/pmp/online-course/
2. Course content based on PMBOK6: www.izenbridge.com/pmp/online-course-pmbok6/
You may also drop in your training related queries at sales@izenbridge.com
I saw couple of videos before this, but undoubtedly this is the best explanation of Earned Value concept..
Thanks for exploring our content :) good to know you found it helpful.
We have our complete content for PMP Online Self-Paced Program here:
1. Course content based on PMBOK5: www.izenbridge.com/pmp/online-course/
2. Course content based on PMBOK6: www.izenbridge.com/pmp/online-course-pmbok6/
You may also drop in your training related queries at sales@izenbridge.com
Your are excellent instructor and I have recently passed PMP exam and I want to thank very much for your amazing vedios and I advise people who are interested in studying PMP exam to watch your vedios.
Congratulations!! Happy to know that iZenBridge videos played a role in your success.
Perhaps no one explain this topic better than this. Thank you sir
You are most welcome
Excellent. Great energy and absolute clarity. You just don't explain "What" but you also explain "Why" it is important and that reasoning with your examples stay in mind forever. A big thankyou
Thanks for your kind words :) good to know you found our resources helpful
The most efficient and most entertaining presentation of the concept of earned value
Thank you.
it took exactly the same minutes to understand that you took us to make it clear... hats off .. you know the way how students can understand it. great work.. proud for you... your vedios are of great value....
Thanks for your kind words :) good to know you found our resources helpfull
This is the best ever training i have seen for Earned Value explanation!
You just saved my PMP exam, you are genius ...
Thanks Sir, brilliantly explained. Whenever a doubt creeps in on any EVM concept, I just watch this video and its all gone.
Thanks for exploring our content :) good to know you found it helpful.
You can explore our complete content - www.izenbridge.com/pmp/online-course/
You may also drop in your training related queries at sales@izenbridge.com
Thank you for the wonderful explanation. I have read a lot of information and have even done a lot of practice questions with earned value but this finally helped it "click". Taking my exam august 10th. Wish me luck! Thank you for your contributions to the PMP/PMI community. It has helped me a lot!
thanks for the appreciation :) good to know you found our resources helpfull, best of luck for your exam!!
Excellent. You've made this topic simple to understand and easy to use. Thank you for that.
I highly recommend all PMP aspirants to view this presentation
Saqib Shamim Thanks for recommending our resources :) stay connected, we also keep many web events on PMP and Agile topics www.izenbridge.com/webinars/free/
You are EXCELLENT instructor, big respect from Iraq 🇮🇶 👏
Thank you.
I would say one of the best and precise , even RITA & PMBOK was not able to clear my confusion.
Thanks for exploring our content :) good to know you found it helpful.
Hi Saket,
I just want to take a moment to thank you for your videos. It helped me a lot to prepare for my PMP exam. Especially the Integration & Cost Chapters. I got the core understanding from Earned value calculations and other concepts that you explained in a very simple way. I PASSED PMP exam in August, 2020. Thank you and God bless you !
Congratulations!!
Best wishes to all the PMP aspirants.
Pl follow the link below for one of the best book in your last stage of preparation.
www.prowesspub.com/book-details.html?orderId=3203
Thank you very much loading a well defined,comprehensive and elaborated EVM video ..I am taking part in PMP exam in Feb.2015.Your Videos are really helping me in all PMP exam related materials.I trying hard to pass PMP exam in first attempt.If any body have any tip regarding pass the PMP please share with me, i will be thank full to you .
Anser Awan you will do good, you may like to join our forum, forum.izenbridge.com we do discuss many topics related to PMP at forum.
This is fantastic ... best PMP trainer on you-tube I have seen so far . I am viewing all your videos before my PMP exam .
+Tech Virus thank you :) good to know you liked our resources
As you said from the beginning of your presentation you done it. GREAT JOB SIR..
Thanks!!! Kdmanoj Buddhika You may like to join our Discussion Forum forum.izenbridge.com
One of the best videos out there explaining EVM. I got my PMP certification a few years ago and back then found your videos very helpful. Thanks!
Thank you!! Sarah for appreciating our content.
Congratulations !!!! and do stay connected with us. We also do many Free Webinar Sessions which can help you in acquiring PDUs to maintain your PMP Credentials
This was the most simplest way to learn earned value... thanks
PrashantT K. R Thank you for your comment. You may find more topics to explore and get them answered on our forum www.forum.izenbridge.com/ :-)
Hi Saket,
I just want to take a moment to thank you for your videos. It helped me a lot to prepare for my PMP exam. Especially the Integration & Cost Chapters. I got the core understanding from the Earned value calculations and concepts that you explained in a very simple way. I PASSED my exam in August, 2020. Thank you and God bless you !
Congratulations!! Glad videos helped in your success. You can explore Saket training program here - www.izenbridge.com/landing/youtube/safe-saket-bansal/
Best wishes to all the PMP aspirants.
Pl follow the link below for one of the best book in your last stage of preparation.
www.prowesspub.com/book-details.html?orderId=3203
@Saket, You are the best. I have seen many videos but your simplistic approach remain unique and stand out from the crowd. Thanks a lot. Best of Luck.
thanks for exploring our videos :) good to know you found it helpful
I usually dont comment on alot of videos but i must say you did an excellent job explaining the whole EVM concept in an easy to understand format! keep up the good work- Subscribed for me EVM material in the future.
Thanks for your comment... and also thanks for sharing this video ....
I Cleared PMP, Thanx iZenBridge and Mr Saket Bansal. Thanx a Lot
Congratulations !!! and thank you for using our PMP Videos.
Sir, you explained it so simply that i learned all concepts in only one time watching your lecture. God bless you.
Perfect ... How much I tried to figure it out myself through reading and other videos ... Saket, you are the best
+Ibrahim Alqasrawi thank you :)
The presentation was very useful. Appreciate the effort.
Thanks, will try to upload something on risk management soon.
Really taught in an easy way about Earn Value Management. Really appreciated your presentation skills and looking ahead to watch your other presentations.
+Kamran Shakir thank you for appreciating :) stay connected
God bless you for this video ! No doubt you have high qualities in teaching. It was perfect !! I will continue watching all your videos.
+sunnymornings Thanks for the appreciation :) You can also check our free introductory program for PMP. www.izenbridge.com/pmp/free-pmp-introduction/
Thanks a Lot Saket..cleared the concept - am having my PMP exam in Feb...
Hey!! Sureshkumar G stay connected via forum.izenbridge.com/
iZenBridge Consultancy Pvt Ltd Thanks again Saket...helped a lot..mock tests Too were really helpful... I passed PMP..PBT was in Feb...
Congratulation !! and stay connected for many upcoming web learning events
Excellent! You provided a thorough explanation in a simple manner.
Thank you for checking it out, now a says PMP Exam is not getting in this much details of EVM, if you are preparing for PMP, may check our explanation with sample questions of PMP Exam Content Outline www.izenbridge.com/kb/category/pmp-exam-content-outline/
Saket, thank you so much for sharing your online learning materials. The video and mock up exam are really useful for me to understand and practice. The way of presenting the topics are really good and easy to absorb! I have gone through all your slides and it helped me so much. .. And I have just passed my exam yesterday! :) Once again, Thank you and appreciate it.
Congratulations !!!! and do stay connected with us.. we also do many Free Webinar Sessions which can help you in acquiring PDUs
Nice job Saket! I have my PMP test in August! This helps out alot for understanding EVM!
now i watching this for my interview
i hope this will help me and thank you sir
+mohamed afrath All the best for your interview :)
Thank you for your comment, it encourages us to do more good work
u have good body language skills to explain something clearly ..thanks, it works for me
Great!!! Amitoz Randhawa you may like to join our Discussion Forum forum.izenbridge.com
Very Good Video and very easy to understand... Thank you! in the video 35:51 - 35:55 - There is a mention of Work Remaining as (BAC - AC) but what you explained earlier is that it is (BAC - EV). Thank you again, great video content!
Paaji tusi great hon, amazing video Sir. Cleared all the confusions and concepts in a half an hour shot. I would love to attend your other sessions as well. Thanks for uploading!!
Thank you :) We are happy to know that you found our resources helpful. Stay connected.
Your video has been very helpful.. Very simple breakdown of formulas. Thanks a lot and keep making more videos on confusing PMP topics.
+Gurpinder Singh thanks for appreciating :) stay connected
indeed it was very helpful..regards
Hello Saket, Sir Today I passed my PMP exam, I would like to Thank you a ton and particularly like to accredit this achievement to the videos and presentation you have made it available to us ... After going through those video sessions my thought processing has broadened up and everything became crystal clear to me ... The exam is like one of a heck where everything was built on a scenario-driven set of questions but only because I was able to think through I could manage to get over across the lie ... and this clarity in thoughts came only because of the presentations you guys have supplied.
So thank you for doing this!
learn lot more information and techniques very easily. thanks for KT and look forward more informative sessions.
This vídeo is my EV cornerstone! Thanks again!
Thank u vey much. Ur videos were very helpful. I passed with 5 ATs
Thank you!! Hvelavan for exploring and appreciating our videos. Congratulations!! and good to know that our videos were helpful to you.
wow wow wow
that is a great useful simple video explaining this subject , thanks a lot it was really wonderful
cleared it last week your videos helped. thank-you.
Congratulations !!! stay in touch with our videos and web events.
Amazing concepts and great way to teach...Got all concepts cleared. Thanks a lot Sir....
Thank you for checking our Earned Value Management video, you may want to check our series of PMP Style questions here : ruclips.net/p/PLWcvFkRbuunlxAQ92tIt1kXWOcgoyhTRR
Excellent video and great teaching skills Sir. You truly improved my EVM understanding. Thanks a lot.
Great!! Abel Desai You may like to join our Discussion Forum forum.izenbridge.com
Very nice and big yes a long time ago earned value calculations you know so I got it I like it very much
thank you :)
Very nice video on EVM....rather one of the best
prasanna kumar Thank you :)
Excellent ! Crystal clarity. Thanks
+Satheesh Sellamuthu thank you for exploring our videos :) good to know you found it helpfull
good explanation .. As a beginner I understand the EV management concepts
Awesome presentation. Your energy level gets us to keep focused :)
The graph and relating it to what we get out of each metrics is really useful and provides the usage.
Just 2 comments:
1) If you can explain the EAC type 3 and type 4 with example case it would have been very useful and complete. ex. the cost for engineer is same 1100 per day and the desktop installation per day is 11 as we cracked the problem faced in the day2.
2) Also matching the same example you have taken in the beginning till the end it would have been quite easy to understand.
Your video was very helpful...the formulas are explained in a very nice way..Thanks a lot...
Thanks for exploring our videos :) good to know you found it helpful
That's great. I had so much confusion on EAC !!! Not confused anymore. thanks
It is great to know that our resources has helped you in understanding the concept!! Stay connected
Cleared the PMP exam on April 22nd. Used a lot of your videos to understand the concepts . Thanks a lot
Excellent articulation of EVM basics. One suggestion - Try to upload high quality video and high resolution and increase room lights while shooting because formulas written on board are not clearly visible.
perfect ..You have given conceptual clarity .Marvellous work
+paedru fernando thank you :)
Thanks Kanchan, Yes we are taking care of this in our future videos... look at Critical Path one.... for google plus... i will add you in my circle
Thanks for this tutorial...
Helped me lot to understand ,excellent way of teaching.
sangit kumar Thank you for your comment. You may find more topics to explore and get them answered on our forum forum.izenbridge.com/
Excellent explanation .... EVM explained at it's best .......
Thanks for exploring our content :) good to know you found it helpful.
You can explore our complete content of PMP Online Self-Paced Program here - www.izenbridge.com/pmp/online-course/
You may also drop in your training related queries at sales@izenbridge.com
Beautifully presented and really easy to understand. Big thanks you to you to make it so easy to grasp. Thanks a ton!
Thanks for appreciating :) good to know you found our resources helpfull
Concept delivery is mind blowing !
Thank you :)
very well presented and able to easily understand compared to reading rita mulchey or other books..keep it up
vidhubhushana thank you for your comment, you can also explore our PMP discussion forum , forum.izenbridge.com
Nice to know that you liked our content... we are trying to upload many more great contents in near future.
Outstanding Video. Couldn't agree more. Keep up the great work. This indeed does bring the EVM confusions to an end..
Mohan Krishnamurthy Thank you for your comment, and we are trying to put many interesting videos on channel
Love the energy and the explanation. this is the so far best video that i have come across and cleared my doubts for EVM. A big Thankyou.
Thank you!! Supriya for exploring and liking our content.
In continuation, you can explore our video on
"Earned Value Management" (as per PMBOK Guide Sixth edition)
ruclips.net/video/MO6EOMd-CkA/видео.html
superb explanation Bansal Sir
Hi Davis, Thanks for exploring our content. Good to know that you found our content helpful.
You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/
Very well explained with a simple example. Thanks.
+Visalakshi R thank you for comment and do post your PMP related queries at forum.izenbridge.com
very good illustration
Hi Ashish, Thanks for exploring our content and also thank you for your valuable feedback.
You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/
Hi Saketh -
This video helped me a lot in understanding EVM. Thanks alot!!!!
Thanks praveen7usa for the comment stay tuned!! and you can join our discussion Forum for more queries www.forum.izenbridge.com
Excellent way of teaching.....Speechles!!!!
Hi Ch in, Thanks for exploring our content. Good to know that you found our content helpful.
You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/
your sessions are pretty good and crystal clear . thanks for the explanation
Thanks for exploring our videos :) we are happy to know that you found it helpful
Great video, helped me understand how to apply EAC equation methodology!
Great to hear that Cee Ceerly , you may like to join our discussion forum www.forum.izenbridge.com/ for more.
A great video ! Bansal, you have left out one performance measure in your disucssion - Variance at completion. VAC = BAC minus EAC. The VAC for the first two scenarios that you discussed is as follows:
I scenario : BAC minus EAC = 12000 minus 13300/- = (-)1300 which is negative variance
II scenario : BAC minus EAC = 12000 minus 20000 = (-) 8000 which is again negative variance.
P B RAMESH Yes we missed talking about VAC, we did detailed webinar on EVM it has 3 videos , you may like to explore them
Thanks for providing us, You have great presentation skills...explained very well..
+anil chandu thanks for exploring our videos, good to know you found it helpfull :)
Thank you very much, it really helps to understand better
Very well explained. Thanks for sharing this video.
great presentation and easy to understand. request to use bigger font while writing on white board. also could i request to maintain similar pace all through. in certain areas it gets faster
+sayef hossain thanks for your feedback :) will look after those points
Excellent video , keep it up.
A planned value is assigned to each LOE task for each measurement period , and this planned value is credited as EV at the end of measurement period, since EV is getting credited in line with PV LOE activities will not have a schedule variance, but it can have cost variance.
In exam i do not expect cacluation question on EV for LOE , but the understanding of this may get tested, In real life this is one of the challenge of implementing EVM in projects.
Thank you so much, this really cleared up the EVM concepts for me. I really appreciate these videos.
Happy to know that you like video Kim. Keep exploring iZenBridge RUclips Channel. To know more about complete PMP program, please visit -www.izenbridge.com/pmp/online-course/
The great explanation.Thanks for your valuable presentation.
+Sathishkumar S thank you :)
Excellent explanation
Thanks Saket - the explanation was clear and insightful.
Appreciate your help !!
Regards , Shahid
shahid shaik good to know that you liked our contents, you can check our forum for PMP related interactions @
Very clear, concrete explanation, thanks!
This is really useful - so simply explained. Thanks!
Thanks for sharing... and we are happy to know that this video was helpful
Superb explanations Sir, thanks for making it so lucid!!
+neelamadhab patro thanks for exploring our videos :) good to know you found it helpfull
I love this videos you post, they have made understanding concepts so easy. Some clarification is needed on this one though. in computing EAC using BAC/CPI i got lost on how we derived at the CPI as .6. Anyone knows?