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LevelAll Levels
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Total Enrolled11
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Duration5 hours
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Last Updated07/12/2024
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CertificateCertificate of completion
Project Budget and Schedule Monitoring using Ms. Project
Offered by
Benaadir Research, Consultancy & Evaluation Center (BRCE)
36 Cashir
5 Saacadood
Course Certificate
Course Description
I welcome you to my course: Project Management with Earned Value Management (EVM) – 12 PDUs for PMP Certification, CAPM Certification, PRINCE2 Certification aspirants, and entry/mid-level Project Managers willing to learn EVM to monitor & control projects and drive business decisions (and willing to gain PDUs along the way).
Why learning Project Management is challenging.
Project Management can be a difficult subject to master. Not because it has loads of framework and tools associated with it, but primarily because it’s ‘people’ on the field who does projects, NOT the ‘tools and frameworks.
You can learn all the available tools for project management, be a master of excel spreadsheets and mathematical models…and still you can fail miserably as a project manager.
This is because; project management is a practical science, not a theoretical one.
You will become a better project manager once you are able to apply what you learn in real-life projects to lead teams that consist of ‘people’. Microsoft Excel or MS Project will not ‘do’ the project physically for you in the field.
When we start to learn project management, this is the key item that is lacking. The realization of how the tools, formulas, framework and techniques link to real-life projects and how they can be used effectively to deliver highly successful projects.
Why should you take this course?
This is where this course comes in.
In this course, I have picked one of the most effective tools of Project Management, which is Earned Value Management (EVM).
And, using that tool, I have explained how you can use this tool to lead & direct projects in real-life.
I have used the Case-Study Based Learning Approach in this course which was pioneered by the Harvard Business School in 1921 and over the years this method has been progressively adopted by the leading universities and management schools across the world such as MIT, Stanford, Oxford, INSEAD, Wharton and ISB.
This case-study method will not only help you to understand the concept of EVM thoroughly, but also will help you to apply that in a real-life project scenario to solidify that understanding.
In the case-study detailed in this course, YOU will be the project manager for Project Neo which aims to construct a warehouse for an e-commerce company in the UK, install a robotic pick & place bay within the warehouse and program & commission the same. It is a £1,000,000 project that you would be leading.
The case study covers various aspects from the disciplines of Civil, Mechanical, Production and Information Technology.
Through the case study of Project Neo as discussed in this course, you would learn the following items:
- Understand the linkage of project management principles with real-life projects
- Get to know how it is to be a Project Manageryourself
- Learn Earned Value Management (EVM) as a key tool for leading & directing projects
- Learn all the formulas and metrics linked to EVM such as PV, EV, AC, BAC, EAC. ETC, VAC, TCPI
- Know how to use EVM to take project decisions
- Become efficient intracking projects using Microsoft Project
- Learn how to use MS Project to perform Earned Value Analysis
- Develop professional looking project dashboards using MS Project
- If you are a MBA/Finance student, gain understanding of EVM in a project based scenario
- If you are preparing for certification exams such as PMP, CAPM, RMP, PgMP get an overall understanding of EVM concepts and formulas which forms a key part of the syllabus for all of these exams
Who is this course for:
- PMP, CAPM, RMP, PgMP, Prince2
- Entry level PMs, Project Coordinators.
- Mid-level PMs willing to grow their career
- MBA/B-School/Finance/Undergrade Student studying PM
- Any working PM willing to understand EVM
- Anyone who wish to learn how projects are led in real-world
What you’ll learn
- Real-life Business Case Study on EVM
- EVM using MS Project
- Basics of Earned Value Management (EVM)
- Complex EVM Metrics: PV, AC, EV, CPI, SPI, TCPI, BAC, EAC, ETC, VAC explained in a simple way.
- Design professional looking EVM Project Dashboards using MS Project
Are there any course requirements or prerequisites?
- No prior experience needed. I will cover everything from BASICS to ADVANCED Level
- Business Case Study (Project Neo) discussed will give you the flavor of handing a real-life project
- Willing to learn via Case-Study based method of learning.
What you Earn after Completion
- Certificate of Completion
- 12 (PDUs)
- Diploma In Project Management
Course Curriculum
Section one: Course Overview
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08:39
Section Two: Business Case study Neo
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The best way to learn Project Management – Business Case Study.
05:40 -
Project Neo – Part 1
15:32 -
Project Neo – Part 2 (Case Study Document)
13:45
Section three: Basics of Earned Value Management
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What is EVM?
06:40 -
Link of EVM to Project Life Cycle
05:43 -
Baselining a Project (Scope, Cost, Schedule)
09:11 -
Baselining Project Neo
05:57 -
Concept of INPUT, OUTPUT and FORECAST Elements of EVM
04:29 -
Summary of Learnings 1
02:55
Section Four: Project Neo, Earned Value Input Elements
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What is Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS).
05:47 -
What is Actual Cost (AC) or Actual Cost of Work Progressed (ACWP).
03:20 -
What is Earned Value (EV) or Budgeted Cost of Work Progressed (BCWP).
03:52 -
What is Budget at Completion (BAC).
02:35
Section Five: Project Neo, Earned Value output Elements
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Schedule Variance (SV) and Schedule Performance Index (SPI)
08:24 -
Cost Variance (CV) and CPI (Cost Performance Index)?
04:58
Section Six: Project Neo, Earned Value Forecasting Elements
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What is EAC (Estimate at Completion)?
08:17 -
What is ETC (Estimate to Complete)?
03:29 -
What is VAC (Variance at Completion)?
02:31 -
What is TCPI (To Complete Performance Index)?
07:23 -
How to interpret TCPI?
07:49 -
How to interpret SV, CV, SPI, CPI?
04:53 -
Status check: Summary of Learnings – 2
02:15 -
How EVM helps you to make business decisions
13:50
Section 7: EVM with Ms. Project
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EVM using Ms. Project overview
03:22 -
MS Project Base File for Project Neo.
13:32 -
Setting MS Project Calendar.
07:07 -
Adding costs (Baseline estimates).
03:29 -
Viewing cost tables.
05:46 -
Baselining Project Neo in MS Project.
04:34 -
Reporting project progress.
05:46 -
Generating EVM Reports.
14:48 -
Cost Dashboard (Cost Overview, Cash Flow, S Curves).
03:38 -
Project Reporting Dashboard in MS Project.
23:30
Section 8: Summary and the Next Steps
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Certificate of Completion
01:33 -
Claiming PDUs from this course
06:08
Student Ratings & Reviews
About the instructors
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BRCE waa xarun ka shaqaysa horu marinta iyo barashada arimaha la xariira xirfadaha Casriga ah oo ku salaysan Technology-ga.