Cost Management and Earned Value Analysis

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Cost Management and Earned Value Analysis

This course is part of Project Schedule and Cost Management Specialization

Instructor: EDUCBA

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

9 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

9 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Apply cost management processes including cost estimation, budgeting, and cost control techniques.
Calculate and interpret EVM metrics such as CPI, SPI, CV, SV, EAC, and ETC.
Analyze project cost performance and make data-driven decisions using forecasting methods.

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This course is part of the Project Schedule and Cost Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

Master PMP Cost Management and Earned Value Management (EVM) with real exam-focused examples.

Learn how to confidently solve cost-based PMP questions and apply concepts in real projects. This course provides a structured and practical approach to understanding cost management processes, including planning, estimating, budgeting, and controlling costs. You will gain hands-on expertise in EVM formulas such as CPI, SPI, CV, and SV, along with advanced forecasting techniques like EAC, ETC, and VAC. Designed for PMP aspirants and project professionals, the course simplifies complex calculations and explains concepts through real-world scenarios and exam-style questions. By the end of the course, learners will be able to analyze project performance, control budgets effectively, and make data-driven decisions. Whether you are preparing for the PMP exam or managing real-world projects, this course equips you with the tools to succeed.

Understand the core principles of cost management, including the triple constraint, cost processes, and planning frameworks required for effective project budgeting.

What's included

7 videos4 assignments

7 videosTotal 67 minutes

Introduction12 minutes
Plan Cost Management13 minutes
Plan Cost Management Sample Questions5 minutes
Estimate Costs11 minutes
Estimate Costs - Inputs, Tools and Techniques11 minutes
Estimate Costs - Tools and Techniques, Outputs9 minutes
Sample Q&A on Estimate Costs7 minutes

4 assignmentsTotal 60 minutes

Introduction to Cost Management Framework10 minutes
Planning Cost Management in Practice10 minutes
Cost Estimation Methods & Techniques10 minutes
Foundations of Cost Management30 minutes

Learn how to estimate costs, aggregate budgets, and develop cost baselines using structured PMP methodologies and tools.

What's included

4 videos3 assignments

Explore cost monitoring, variance analysis, and EVM techniques to measure and control project performance effectively.

What's included

7 videos4 assignments

7 videosTotal 70 minutes

Control Costs9 minutes
Control Costs - Inputs10 minutes
Control Costs - Tools and techniques10 minutes
Control Costs - Tools and techniques Continues10 minutes
EVM Varied Situations10 minutes
EVM - Examples, Control Costs Outputs12 minutes
Cost Management Control Costs Key Points to Rem8 minutes

4 assignmentsTotal 60 minutes

Cost Control Fundamentals10 minutes
Cost Control Tools & Techniques10 minutes
Advanced Cost Control & EVM Concepts10 minutes
Controlling Project Costs30 minutes

Master advanced EVM calculations and forecasting techniques to predict project outcomes and improve decision-making accuracy.

What's included

5 videos3 assignments

5 videosTotal 45 minutes

EVM Basics – SPI, CPI & Variance Calculation8 minutes
Schedule & Cost Performance Calculations10 minutes
Forecasting Project Budget (EAC)9 minutes
EVM Formulas & Cost Techniques10 minutes
Interpreting SPI & CPI for Scenarios8 minutes

3 assignmentsTotal 50 minutes

EVM Fundamentals and Performance Metrics10 minutes
Forecasting & Performance Interpretation10 minutes
Earned Value Management & Performance Analysis30 minutes

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Instructor

EDUCBA

1,533 Courses318,998 learners

Offered by

EDUCBA

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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