Tag Archives for " Earned Value Management "
Earned Value Management Formulas
Quick Reference for Earned Value Management Formulas If you are looking for a comprehensive list of all the Earned Value Management Formulas, then you are at the right place. If you are preparing for PMP® Exam, you will find all the Earned Value Formulas. This article would provide you with a step up in doing […]
Continue readingEstimate to Complete: 3 ETC Formulas To Easily Solve PMP Exam Q
Estimate To Complete is a very important Earned Value Management (EVM) concept. There are many calculation based mathematical questions in the PMP exam. Many of these questions are based on Estimate To Complete Formulas. Most of the best selling PMP Study Guides just list these formulas without really explaining them. You will find a complete […]
Continue readingEarned Value Management System Explained in Easy Language
Do you find Earned Value Management System a difficult concept? I generally ask the above question in my class before I start explaining what is Earned Value Management System. Usually I find most of the students have not even heard about Earned Value Management System, let alone gauge its difficulty. On the other hand, a small […]
Continue readingA brief history of Project Management
I found a small article on Internet that provides a brief history of Project Management in a succinct and lucid manner. I thought it would be worthwhile to share the article with my blog followers http://www.projectsmart.co.uk/brief-history-of-project-management.html I feel there is two errors in the article. [custom_list icon=”arrow-circle-right” iconcolor=”#5e9c19″] The article attributes the creation of scheduling […]
Continue readingTo Complete Performance Index – TCPI Formula & Calculations Explained
I have written this post to explain an important Earned Value Analysis concept viz. To Complete Performance Index (TCPI). In this post, you will find the definitions, formulas, calculation, and example of TCPI. You will also find about different TCPI formulas viz. BAC & EAC formulas, utility of TCPI in Project Management, difference between Cost […]
Continue readingEstimate At Completion – 5 EAC Formulas for The PMP Exam
I have written this post to provide a detailed explanation of Estimate At Completion (EAC). In this post you will find definition, example, formulas, and calculations related to EAC. The PMBOK Guide describes 4 different Estimate At Completion formulas. In this post, I have extended the concept further to describe a generic equation and 5 […]
Continue readingEVM – Is it useful?
How EVM can be implemented in Projects? In my previous post I explained EVM through an example – Building Tables. Was that a practical project or practical measurement? I would not say so. Does an impractical project gel with my blog philosophy?EVM – Here I come… One of the reader’s wrote following comment on the […]
Continue readingThe Sure Fire Formula To Learn Earned Value Analysis
Earned Value Analysis or Earned Value Management is considered to be one of the more difficult concepts of Project Management. Many practicing professionals find the earned value terms and definitions confounding. They dread the formulas and calculations. I believe, Earned Value Analysis concept is lot simpler than it is made out to be. After reading […]
Continue reading