"Monitoring and Controlling Projects with Earned Value Analysis based on Critical Path Method" guides project managers in leveraging Earned Value Analysis (EVA) to effectively monitor and control projects. Utilizing a project schedule developed through the Critical Path Method (CPM), this approach enables the calculation of key performance metrics, such as Planned Value (PV), Earned Value (EV), and Actual Cost (AC). The method facilitates the identification of schedule and cost variances, offering a comprehensive strategy to assess and enhance project performance.
In the realm of project management, "Monitoring and Controlling Projects with Earned Value Analysis based on Critical Path Method" provides a comprehensive methodology for project monitoring and control. Building upon a project schedule crafted using the Critical Path Method, the approach incorporates Earned Value Analysis (EVA). This involves calculating essential metrics like Planned Value (PV), representing the budgeted cost of scheduled work, Earned Value (EV), indicating the value of work performed, and Actual Cost (AC), reflecting the actual cost incurred.
Regularly updating and comparing these metrics facilitates the assessment of project performance. Schedule Variance (SV) and Cost Variance (CV) are calculated to gauge deviations from the planned schedule and budget, respectively. By employing Earned Value Analysis within the framework of Critical Path Method scheduling, project managers gain valuable insights to make informed decisions, identify areas of improvement, and ensure successful project outcomes.
Theme: How to monitor and control a project using Earned Value Analysis based on a project schedule developed using the Critical Path Method.
Schedule: Saturday, 22 Mei 2021, 10:00 WIB
Registration: bit.ly/joinnusantechtalk
Speaker:
Insan Harish (Project Manager Nusantech)
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