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Earned Value Management

How to Assess the Accuracy of Your Cost Forecasts with TCPI

TCPI

How do you evaluate the accuracy of your cost forecasts? Watch this video to learn how you can use the TCPI metric to assess the feasibility of your cost forecasts.   Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and resources delivered to […]

Performance-Based Cost Forecasting (EAC/ ETC)

Performance-Based Cost Forecasting (EAC/ ETC)

What cost forecasting formula/ method do you use at every stage of your project? Check this video tutorial to learn what performance-based cost forecasting formula (EAC/ETC) is recommended at various stages of your project. Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and […]

How to Forecast the Cost at Completion of a Project

How to Forecast the Cost at Completion of a Project

How do you forecast the cost at completion of your projects? There are various methods to cost forecasting. Check out this video to learn the “performance-based cost forecasting methods” using Earned Value Management. Download the free audio mp3 podcast of this episode on iTunes. Want more training? Subscribe to Project Control Academy to receive complimentary training videos and resources […]

How to Calculate Earned Schedule

In this training, I am going to show you how you can calculate the “Earned Schedule”. I assume you already know what “Earned Schedule” is. If not, please make sure that you watch another video that I have prepared for you entitled “Earned Schedule- An improvement to EVM Scheduling Metrics.” To measure Earned Schedule, we […]

Earned Schedule- An improvement to EVM Scheduling Metrics

Earned Value Management (EVM) is a powerful tool for evaluating the schedule and cost performance of projects and predicting future results. However, existing earned value schedule performance metrics does not do a good job with schedule performance evaluation and prediction. Use of “Earned Schedule” enhances the earned value management ’s ability to better represent and […]

Why the EVM Scheduling Metrics Are NOT Reliable!

“Your critical path schedule shows behind schedule. How come your EVM schedule performance indicates an ahead of schedule status?” “What is wrong with your SPI report?” “We are going to finish this project 3 months behind the schedule. Tell me why your SPI is showing a good schedule performance?” Have you ever faced an angry […]

How to use Earned Value Management in Primavera P6? [Tutorial]

EVM application in Primavera P6

Have you ever wondered how you could apply Earned Value Management in the Primavera P6 scheduling tool? Wouldn’t it be nice if you can integrate your project cost with the project schedule right within your scheduling software? Primavera P6 enables you to control project progress and performance using Earned Value Management technique. In this tutorial, I […]

The Philosophy Behind S-curves

Summary: Have you ever wondered what an s-curve is in projects? Do you know why Project Managers are interested in seeing s-curves in project reports? Well, an s-curve is a project management graphical tool that displays cumulative data ( e.g. project’s costs, hours, progress, or quantities) against time. The term S-Curve denotes the tendency of […]

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