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Project Execution and Control – Session 3

Session Objectives:

•Use Earned Value Management techniques to measure and forecast project performance
•Report project performance
–Current Performance
–Expected Performance

Terms:

  • Data Collection
  • Earned Value Management
  • Planned Value (PV)
  • Earned Value (EV)
  • Actual Cost (AC)
  • Schedule Variance (SV)
  • Schedule Performance Index (SPI)
  • Cost Variance (CV)
  • Cost Performance Index (CPI)
  • Budgeted Cost at Completion (BAC)
  • Estimated Cost at Completion (EAC)
  • Baseline
  • Measuring Performance
  • Forecasting Performance
  • Reporting Performance
References:
Recommended Course Materials:
The PMBOK® Guide, 4th Ed. 2008, by PMI*
The Fast Forward MBA in Project Management, 3rd Ed. 2008, by Eric Verzuh

Templates:

Earned Value Management Spreadsheet – (Courtesy of Xavier Lescalier, CAPM)

Verzuh’s Templates 

Homework/Reading Assignment:

Team Activity – Case Assignment
Fast Forward MBA in Project Management, 3rd Edition, Eric Verzuh
–Read/Review Chapter 17
PMBOK® Guide
–Read/Review Section 8.2-8.3

* “PMI”, “PMBOK”, “CAPM” and “PMP” are registered marks of the Project Management Institute, Inc.

**The Verzuh templates are only available to those who purchase “Fast Forward MBA In Project Management – 3rd edition.

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