Understand the core components of Earned Value Management (EVM)
Learn to compute PV, EV, and AC for effective project performance tracking
Analyze schedule and cost variances to assess project performance
Utilize EVM indices (SPI and CPI) to measure project efficiency
Apply EVM to forecast projects using ETC and EAC metrics
Implement best practices for effective EVM implementation
Managing projects can feel like herding cats while juggling chainsaws—tracking progress and controlling costs is rarely fun. But mastering Earned Value Management (EVM) is what sets top project managers apart from those stuck in chaos. EVM is your go-to tool for turning complex scope, schedule, and cost data into clear insights. Instead of guessing if your project is on track, EVM gives you hard numbers to back it up—whether you’re truly on schedule or quietly running over budget.
This course breaks down the core of EVM: Planned Value (PV), Earned Value (EV), and Actual Cost (AC). We’ll simplify the jargon so you understand what these metrics mean in practice. You’ll learn how to calculate variances to check if you're ahead or behind schedule, and whether you’re over or under budget. We’ll also cover indices like the Schedule Performance Index (SPI) and Cost Performance Index (CPI) to measure time and cost efficiency.
Beyond just analyzing current performance, EVM helps predict future outcomes. You’ll learn to forecast your total project cost with Estimate at Completion (EAC) and determine how much more funding is needed with Estimate to Complete (ETC).
We’ll also share pro tips for making EVM work in the real world: ensuring data accuracy, keeping assumptions transparent, maintaining a rock-solid baseline, using visual reports, and communicating results clearly and persuasively. By the end, you’ll have the skills to wield EVM like a true pro, helping you deliver projects on time and within budget—or at least catch red flags early and make smart course corrections to avoid disaster before it’s too late.
This program is available with Spanish and French closed captions.
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View this course in a classroom
environment, or assign it to your
team individually with testing
and recordkeeping capabilities.
EVM is a project management technique that integrates scope, schedule, and cost data to assess project performance and forecast outcomes.
The key metrics in EVM are Planned Value (PV), the budgeted cost of work scheduled; Earned Value (EV), the budgeted cost of work performed; and Actual Cost (AC), the actual cost of work performed.
Schedule Variance (SV) is calculated as EV - PV, and Cost Variance (CV) is calculated as EV - AC.
SPI is calculated as EV / PV and measures schedule efficiency. CPI is calculated as EV / AC and measures cost efficiency.
EVM helps with forecasting by providing metrics like Estimate to Complete (ETC) and Estimate at Completion (EAC), which project the remaining and total project costs.
Disclaimer: This training provides a general overview of Earned Value Management (EVM) for educational purposes only. The information and examples are guidelines and should not be considered definitive advice for specific projects. Application of EVM principles varies by context, and project decisions should be based on professional expertise and organizational guidelines. This training is not intended to replace established workplace rules and regulations.