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Master Class in Earned Value Management

Master Class in Earned Value Management

Short Course Description:

The online course “Master Class in Earned Value Management” provides the tools and techniques to evaluate the project's project performance related to schedule and cost. Based on the financial parameters and estimations, we can evaluate the financial performance of the project and provide the project manager with objective information to make the necessary decisions and implement measures.

Earned Value Management is a method developed to better understand project progress. The classical approach to project follow-up, based on schedule and cost, does not provide a good understanding and leads to wrong interpretations.

Earned Value Management was introduced to better understand the progress by introducing the concept of “earned value”.
With this new concept, it is possible to estimate the expected end date of the project and the final cost.

Many years of experience with Earned Value Management and its application in many projects have proven successful and have positively impacted project success.

$ 629.99
629.99 USD $ 629.99
$ 12,499.00
Responsible Luc De Ceuster
Last Update 06/25/2026
Completion Time 23 hours 54 minutes
Members 2
Advanced Project Management
  • Course Introduction (empty)
    5Lessons · 20 min
  • Section 1 - The Need for Earned Value Management (empty)
    18Lessons · 2 hr 8 min
    • 1.01: Content of Lesson 1
    • 11.02: Learning Outcomes of Lesson 1
    • 1.03: Project Julia - From Activities to the Precedence Diagram (PDM)
    • 1.04: Project Julia - The Arrow Diagram (ADM/PERT)
    • 1.05: Project Julia - The Forward Pass
    • 1.06: Project Julia - The Backward Pass
    • 1.07: Project Julia - Slack and Critical Path(s)
    • 1.08: Project Julia - Gantt and Budget in Early Start Position
    • 1.09: Project Julia - Gantt and Budget in Late Start Position
    • 1.10: Project Julia - Gantt and Budget in Planned Position or Schedule Baseline
    • 1.11: Critical Path Position of the Project
    • 1.12: The Project Cost Baseline and the S-curve
    • 1.13: The Project Budget
    • 1.14: The Budget and Different Cost Situations
    • 1.15: Comparing the Money Spent with the Cost Baseline or the S-curve
    • 1.16: Evaluating the Real Situation
    • 1.17 Review Lesson 1
    • 1.18 End Section Quiz
  • Section 2 - Defining the Earned Value Parameters (empty)
    11Lessons · 1 hr 35 min
    • 2.01: Content of Lesson 2
    • 2.02: Learning Outcomes of Lesson 2
    • 2.03: Defining the Planned Value and the S-curve
    • 2.04: Defining Earned Value
    • 2.05: Defining Actual Cost
    • 2.06: Evaluating the Schedule Position of the Project
    • 2.07: Evaluating the Cost Position of the Project
    • 2.08: The Nine Different Schedule and Cost Positions in a Graph
    • 2.09: Project "Widgets": PV, EV, and AC
    • 2.10: Review Section 2
    • 2.11 - End Section Quiz
  • Section 3 - Project Budgeting and the Missing Link (empty)
    7Lessons · 1 hr 4 min
    • 3.01: Content of Lesson 3
    • 3.04: The Missing Link - Deliverables and the Cost Curve
    • 3.02: Learning Outcomes of Lesson 3
    • 3.03: Origin of Earned Value Management
    • 3.05: What Happens During Project Execution?
    • 3.06 Review Section 3
    • 3.07 End Section Quiz
  • Section 4 - Activities and Cost Allocation (empty)
    11Lessons · 1 hr 27 min
    • 4.01: Content of Lesson 4
    • 4.02 Learning Outcomes of Lesson 4
    • 4.03: Activities and Cost Allocation
    • 4.04: Level of Effort Activities
    • 4.05: Earned Value Management and Level of Effort Activities
    • 4.06: Principles of Cost Allocation over the Duration of Activities for EVM
    • 4.07: Cost Loading for Activities with a Duration > 2 Periods
    • 4.08: Cost Loading for Activities with a Duration > 2 Periods
    • 4.09: Overview of Costy Loading for Short and Long Activities
    • 4.10 Review Section 4
    • 4.11: End Section Quiz
  • Section 5 - Project Status and the Schedule (SV) and Cost Variances (CV) (empty)
    10Lessons · 1 hr 12 min
    • 5.01: Content of Lesson 5
    • 5.02: Learning Outcomes of Lesson 5
    • 5.03: The Basic Earned Value Parameters
    • 5.04: Some Examples of the Schedule and Cost Positions
    • 5.05: Defining the Schedule Variance
    • 5.06: Defining the Cost Variance
    • 5.07:Schedule and Cost Variances as Percentages
    • 5.08: Project "Widgets": Schedule and Cost Variances
    • 5.09 Review Section 5
    • 5.10: End Section Quiz
  • Section 6 - Schedule and Cost Performance Indices (empty)
    8Lessons · 1 hr 3 min
    • 6.01: Content of Lesson 6
    • 6.02: Learning Outcomes of Section 6
    • 6.03: The Advantage of Defining Performance Indices
    • 6.05: Defining the Schedule Performance Index (SPI)
    • 6.07: Defining the Cost Schedule Index (CSI)
    • 6.08: Project “Widgets”: Calculating the SPI, CPI, and CSI
    • 6.09 Section Review
    • 6.10: End Section Quiz
  • Section 7 - Different Estimates at Completion (empty)
    19Lessons · 2 hr 12 min
    • 7.01: Content of Lesson 7
    • 7.02: Learning Outcomes of Section 7
    • 7.03: Estimates at Completion and Project Evaluation
    • 7.04: The Principle of Extrapolation
    • 7.05: Estimating the Project Duration by Extrapolation
    • 7.06: Formula to Calculate the Reviewed Total Duration (RTD) using the SPI
    • 7.07: Estimating the Final Cost or Estimate at Completion by Extrapolation
    • 7.08: Defining the Different Estimates at Completion
    • 7.09: The Project Manager's Estimate
    • 7.10: The Mathematical Estimate
    • 7.11: The CPI-based Estimate
    • 7.12: The CSI-based Estimate
    • 7.13: Defining the 3-period CPI
    • 7.14: Defining the Weighted CPI
    • 7.15: The To-Complete-Performance-Index
    • 7.16: The Variance at Completion
    • 7.17: Project "Widgets" - Estimated at Completion, TCPI, and VAC
    • 7.18: Review of Lesson 7
    • 7.19: End Section Quiz
  • Section 8 - Challenging the Project Manager (empty)
    8Lessons · 1 hr 13 min
    • 8.01: Content of Lesson 8
    • 8.02: Learning Outcomes of Lesson 8
    • 8.03: The Project Manager Knows it All?
    • 8.04: The Project Manager in Charge of the Project
    • 8.05: The Project Manager and Reporting Financial Status
    • 8.06: The Project Manager and Reporting Schedule
    • 8.07: Review of Lesson 8
    • 8.08: End Section Quiz
  • Section 9 - Introducing Earned Schedule Management (empty)
    8Lessons · 59 min
    • 9.01: Content of Lesson 9
    • 9.02: Learning Outcomes of Lesson 9
    • 9.03: Schedule Variance Shortcoming
    • 9.04: Introducing the Time-based Variance
    • 9.05: Finding the Time for Which PV = EV
    • 9.06: Calculating the Time Variance
    • 9.07: Review of Lesson 9
    • 9.08: End Section Quiz
  • Section 10 - Earned Value Management and Three-point Estimates (empty)
    13Lessons · 1 hr 48 min
    • 10.01: Content of Lesson 10
    • 10.02: Learning Outcomes of Lesson 10
    • 10.03: Why Introduce PERT and 3Point Estimation to EVM?
    • 10.04: Probability Distributions for PERT and 3Point Estimation
    • 10.05: The Beta Distribution
    • 10.06: The Triangular Distribution
    • 10.07: The Normal Distribution
    • 10.08: The PERT and 3Point Formulas
    • 10.09: Applying the PERT and 3Point Formulas on the EACs
    • 10.10: Application of PERT and 3Points Estimating on Project "Widgets"
    • 10.11: Probability Curves for EACs
    • 10.12: Review of Lesson 10
    • 10.13: End Section Quiz
  • Section 11 - Using Earned Value Parameters for Project Evaluation (empty)
    13Lessons · 1 hr 14 min
    • 11.01: Content of Lesson 11
    • 11.02: Learning Outcomes of Lesson 11
    • 11.03: The Project, the Business Case, and the Statement of Work
    • 11.04: The Original Financial Parameters of the Business Case
    • 11.05: The Profit and Loss of Contracts and SoW
    • 11.06: Project "Arbogast" and the Original Estimates
    • 11.07: Project "Arbogast" and the Effect of Schedule on the Financial Parameters
    • 11.08: Project "Arbogast" and the Effect of Costs on the Financial Parameters
    • 11.09: Project "Arbogast" and the Effects of Delays and Cost Overruns
    • 11.11: The Project Manager, the Sponsor, and the Stakeholders
    • 11.10: The Project Manager and the Viability of the Project
    • 11.12: Review of Lesson 11
    • 11.13: End Section Quiz
  • Section 12 - Evaluation of EVM and Conclusions (empty)
    13Lessons · 1 hr 53 min
    • 12.01: Content of Lesson 12
    • 12.02: Learning Outcomes of Lesson 12
    • 12.03: Possible Issues with EVM
    • 12.04: Getting the Correct Data and Information
    • 12.05: What Data Should be Collected?
    • 12.06: Possible Issues with the Basic EVM Parameters
    • 12.07: Possible Issues with EV - Case 1
    • 12.08: Possible Issues with EV - Case 2
    • 12.09: Possible Issues with EV - Case 3
    • 12.10: Possible Issues with AC
    • 12.11: Validity of Schedule and Cost Information
    • 12.12 Review of Lesson 12
    • 12.13: End Section Quiz
  • Section 13 - Final Project "Gorillas in the Mist" (empty)
    15Lessons · 1 hr 46 min
    • 13.01: Content of Lesson 13
    • 13.02: Learning Outcomes of Lesson 13
    • 13.03: Introducing the Final Project "Gorillas in the Mist"
    • 13.04: Final Project "Gorillas in the Mist": Precedence, Duration, and Cost
    • 13.05: Creating the Precedence Diagram
    • 13.06: Forward Pass, Backward Pass, Slack, and Critical Path
    • 13.07: The Gantt in ES and LS Position
    • 13.08: Finding the Planned Start for All Activities and the CP-position of the Project
    • 13.09: EV and AC Information from the Start till Period 7 and Graph of PV, EV, and AC
    • 13.10: Schedule and Cost Variance over Time
    • 13.11: SPI, CPI, and CSI Over Time
    • 13.12: Estimates at Completion over Time
    • 13.13: PERT and 3Point Estimates over Time
    • 13.14: Review of Lesson 13
    • 13.15: End Section Quiz
  • Final Course Review (empty)
    2Lessons · 4 hr
    • Review of Course and Personal Study Time
    • Final Quiz