Project Management Skills #2 – Tracking Progress Using EVA – How to use Earned Value Analysis to track progress and communicate it clearly with one picture.
After completing this course, you will be able to create a single diagram for your project or program that describes:
- Performance against schedule
- Actual cost versus budget
- Outlook for the remainder of the project
Instead of presenting your sponsor and steering committee with a complicated mixture of milestone charts, spreadsheets, Gantt’s and PERT’s, you can give them one single picture whose meaning is understood in seconds. It’s what they care about…THE BIG PICTURE.
I’ve been using Earned Value Analysis (EVA) for over 20 years with projects of all sizes and complexity (Waterfall, Agile and Lean) and I can guarantee that from my experience, it is the best way to track and communicate project status.
In this course, I take you step-by-step through the process of creating an EVA diagram, using a very simple example. But although the example is simple, it will teach you all of the principles you need to understand to use EVA for complex projects and even programs.
The course is delivered in a series of short videos, each one with a downloadable spreadsheet that show you how I worked through the example myslef. In addition, I have included a video that discusses how Earned Value Analysis can be applied to Agile and Lean projects.
I have also included some bonus videos from my Udemy Lean Project Management course that are not part of the EVA core course but explain some ideas and concepts that I mention during the videos and that I think may be of interest to you.
In my experience, a lot of people are put off using EVA because textbooks describe it using a set of barely comprehensible formulae and ratios. But the power of EVA is pictorial and that’s they way you will learn it. Towards of the course is jargon buster video, just in case you need to know the “correct” formulae and ratios to quote in a professional examination.
To find out more about this course, I encourage you to watch the free introductory video which is available free. If you like what you see then sign up and take advantage of the 30-day, no questions asked, money back guarantee.
Gain your sponsor and steering committees confidence by joining me inside and starting to learn right now.