Key Concept of Earned Value

Earned Value is a means for integrating Costs and Schedule. Earned Value refers to the determination of how much work has been performed on the basis of what was budgeted for the work that has actually been completed. The idea is that an owner has earned whatever amount was budgeted for the work that has in fact been completed. This value then becomes a measure against which other cost and schedule data can be compared in order to determine actual coast ans schedule status.
The earned value concept compares several measures to obtain an overall picture project status: BCWS, BCWP and ACWP. Comparing the BCWS and the ACWP values to the BCWP gives us an indication of variances from hte expected schedule variance and the cost variance.
If you are interested to get to the point to understand the concept of Varned Value and use it practically in your organization, then you can click this hyperlink to see the course modules. The proper tools is using P3 or P6 as suggested by Kent, the course facilitator.

Managing Your Projects Successfully

Learning Primavera or MS Project does not make you become an planning expert. In other word, learning how to manage your project in success using the proper tools is what your should go for. Kent Chan will assit you to become a planning expert.

First, you will be taught the concept of CPM before you start using the tools; secondly, you will be guided along by Kent to create a live project using either Primavera or MS Project from initial stage in planning and schedulng, through the usage of resources and costs, tracking the actual progress, and to managing the data and reports.

You can click this hyperlink to view the course modules and the personal profile of the course facilitator-Kent chan.