Earned Value Management Exercise

In this video, I will explain the principles of Earned Value Management by applying them to a case.

Our project created deliverables and we have the planning cost information and the BAC. On day 6, the management wants to have a review of the status of the project. In order to provide that information, we have to complete the following steps:

– Determine the S-curve and calculate the EV and determine the AC (given)

– Calculate the SV and CV

– Find the performance parameters SPI, CPI, and CSI

– Calculate the RTD by calculation

– Find the graphical solution for the RTD and the EAC

– Calculate the different EACs

– Evaluate the PMs estimate

– Calculate the TCPI