Our discussion today is about the earned value management, through which we can analyse project performance from different perspectives and link it to the Scope baseline, cost baseline, and schedule baseline, hence we know the status of the project and predict its future in a better way than looking at it from a single angle.
Let’s know some of the definitions
Planned value (PV) is the authorized budget assigned to scheduled work. It is equal to planned % of completion multiplied by the budget at completion
Budget at Completion (BAC) is the sum of all budgets allocated to the work to be completed.
Actual Cost (AC) is the realized cost incurred for the work performed on an activity during a specific time.
Earned Value (EV) is a measure of work performed, expressed in terms of the budget authorized for that work. It is equal to actual % of completed works multiplied by the budget at completion.
00:00 Introduction
00:50 Definitions
01:32 Project Sample
03:30 EVM Equations
06:04 EVM Graph
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Arabic Version: • What is Earned Value M...