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Updated in [July 24th, 2023]
Earned Value Management (EVM) is a project management technique used to measure project performance and progress. It is a powerful tool that can help project managers to better understand the progress of their projects and to make more informed decisions. In this course, Michael Lepage of Plan Academy will explain what EVM is, how it works, and how it can be used to improve project performance.
Michael will discuss the benefits of using EVM, such as improved accuracy in project forecasting, better visibility into project progress, and improved communication between project stakeholders. He will also discuss the drawbacks of using EVM, such as the need for additional resources and the complexity of the calculations.
Michael will also provide an overview of the steps involved in setting up an EVM system, including cost loading, resource loading, and progress tracking. He will also discuss the importance of setting up a baseline and how to use EVM to track progress against the baseline.
Finally, Michael will provide an overview of the reports that can be generated from an EVM system, including earned value, cost variance, and schedule variance. He will also discuss how to interpret these reports and how to use them to make better decisions.
This course is ideal for project managers who want to learn more about EVM and how to use it to improve project performance. It is also suitable for those who are already familiar with EVM and want to learn more about the reports and how to interpret them.
